When Is Chapter 13 The Right Choice For Alabama Consumers?

Chapter 13 bankruptcy is often the right choice for individuals who are not eligible for Chapter 7. Often called wage earners bankruptcy, this option is favorable for individuals who earn enough income to make payments on their debt per the terms of a repayment plan.

If you are facing overwhelming debt and want to seek a fresh start, we can help you understand the options available to you, including Chapter 13 bankruptcy. If this is the most appropriate and beneficial option for your individual situation, Angela Cooper at A. Cooper Attorney at Law LLC will guide you through every step, working for the full protection of your rights and all benefits available to you under applicable bankruptcy laws.

The Benefits Of Wage Earners Bankruptcy

Often called wage earners bankruptcy, Chapter 13 bankruptcy generally takes place over a period of three to five years. The specific benefits available to applicants under this type of bankruptcy protection include the following:

  • Income-based repayment plan – Chapter 13 requires you make payments on your debt according to a plan based on your income, assets and other financial obligations. We help you structure a plan that will allow you to succeed.
  • Automatic stay – Once you file, the automatic stay will be in effect. This means creditors and debt collectors can no longer contact you, attempt to collect on owed balances and harass you. It will also halt any foreclosure proceedings that are underway.
  • Deal with your debt – Chapter 13 allows you to pay off your debt in an organized and efficient manner, without the harassment and pressure from creditors. You will emerge from this process with a fresh start and better financial future in hand.

Our Alabama bankruptcy lawyer provides personal and attentive service throughout each step of this process. We will work to ensure you understand what to expect from Chapter 13 bankruptcy and how to pursue stability and security.

Discuss Your Options Today

We are the first law firm in the Mobile area to offer no money down bankruptcies. Contact our office here or by calling 251-300-2220 to take advantage of our offer of no-cost initial case evaluations.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. 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.