Bankruptcy
Helping Alabama Families Stay Afloat
In a turbulent economy, it's not hard to understand how ordinary families throughout Baldwin County and the Gulf Coast region might be forced to make serious decisions about handling their finances. All it takes is a serious medical problem, skyrocketing home mortgage payments, or the loss of a job to force people who had never missed a payment on their bills before to consider filing for bankruptcy.
No one wants to be put in the position of having to declare bankruptcy, but sometimes, it's the best way to protect your family and your major assets like your home or car.
An Option for Families of All Incomes
Many people mistakenly think that bankruptcy is only an option for the rich, or that recent changes in the law have made it impossible to file for bankruptcy anymore.
In reality, bankruptcy can be an option for ordinary middle-class families too, particularly those facing:
- Home foreclosure
- Ballooning mortgage payments
- Constant collection calls
- Skyrocketing debt
- Large medical bills
- Extended unemployment
- Expenses that dramatically outstrip your income
Knowing that what you earn is no longer enough to cover what you owe can leave you feeling lost and hopeless. You may feel the pressure — the nagging sense of being buried under an avalanche of debt and bills — all day long. However, bankruptcy may give you a way out of this cycle.
At Ham & Associates, we offer a free initial consultation with a bankruptcy lawyer to go over your debt situation and help you understand what your options may be for bankruptcy relief. Contact us today.
Chapter 7 and Chapter 13 Bankruptcy
Here are some of the most common questions we hear from people considering bankruptcy under the most common options, Chapter 7 and Chapter 13 bankruptcy.
- Will I be able to keep my home/car/possessions? — Depending on the circumstances of your individual case and the chapter under which you file, most debtors are able to protect most, if not all of their assets. We can work with you to determine the best chapter for your individual circumstances and goals.
- Will collection calls stop? — In most cases, the filing under Chapter 7 or 13 causes the "automatic stay" to go into effect. After the "automatic stay" goes into effect, collection calls are a violation and can be sanctioned accordingly.
- Can I use bankruptcy to avoid foreclosure? — Many times, restructuring of debt under bankruptcy law is a good way to protect your home from foreclosure or negotiate a more manageable repayment plan.
Find more answers to your bankruptcy questions with our FAQ, or contact us today so that our bankruptcy attorney can answer your questions about your specific situation.
No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
