Bankruptcy
Alabama Bankruptcy Lawyer
Debt can affect people of all backgrounds. Divorce, illness, job loss or any number of life changing events can result in financial difficulties. For people who are overwhelmed by debt, facing threats such as foreclosure, car repossession and wage garnishment. Filing bankruptcy may be a viable option. We identify the unique needs of each client to determine if filing bankruptcy is your best option.
Are you overwhelmed by debt? Are you receiving harassing phone calls from creditors? Filing bankruptcy may be an option for you. Contact us today to arrange your free consultation.
How can bankruptcy help you?
Most people facing high amounts of debt are often going through several different stressful situations. They may receive daily calls from creditors or threatening mail. You may be worried about losing your home through foreclosure or vehicle through repossession. Still others greatest concern may be threats of wage garnishment.
When our firm files a bankruptcy petition on your behalf, an automatic stay will be issued. The automatic stay will put an immediate halt to any attempts by creditors to collect a debt. Bankruptcy can stop harassing phone calls, foreclosure, repossession and wage garnishment.
Chapter 7 Bankruptcy & Chapter 13 Bankruptcy
Bankruptcy laws require individuals to qualify for Chapter 7 bankruptcy under a means test. A means test considers the individual’s income relative to the median income of Alabama. In Chapter 7, debt is liquidated and discharged. For people who are not eligible for Chapter 7, Chapter 13 is the next option. In Chapter 13, consumers enter into a three to five year repayment plan.
We help people file for bankruptcy relief under the Bankruptcy Code.
Chapter 7 vs Chapter 13 Bankruptcy
David P. Vaughn Practices Law in Baldwin County Alabama, Servicing the needs to people in but not limited to: Daphne, Fairhope, Spanish Fort, Bay Minette, Loxley, Robertsdale, Foley, Gulf Shores, Orange Beach and Mobile, Alabama.