Dothan Bankruptcy Attorneys – Get Free Debt Relief Consultation
Attorneys Assisting Clients With Debt Relief Throughout Dothan, Ozark, Ft. Rucker, Enterprise, And The Rest Of Alabama
In the aftermath of the recent economic recession, with unemployment rates stuck at high levels, many people find themselves in financial distress. Bankruptcy can offer much-needed relief and protection from creditors and lenders, and enable debtors to get a fresh start on their finances. While the very thought of filing for bankruptcy can be daunting, the experienced Dothan bankruptcy attorneys at Parkman White, LLP can help guide you through the process and discuss all available alternatives.
Should I File Bankruptcy?
Why would you file for bankruptcy? The reasons can range from overwhelming medical bills, to a recent divorce that has reduced your available income and increased your monthly bills, to credit card bills you can’t afford. No matter what your reason may be, the Dothan bankruptcy lawyers at Parkman White, LLP can help. Our Dothan legal team may determine the timing is not right for you to file bankruptcy; sometimes we can help formulate a plan to avoid bankruptcy all together.
What Are My Bankruptcy Options?
The three basic types of bankruptcy are known as Chapter 7, Chapter 11, and Chapter 13. Chapter 7 is known as “liquidation” bankruptcy, under which qualifying individuals can have their outstanding debts discharged after the proceeds of their eligible property is distributed to their creditors. Chapter 11 is known as “reorganization” bankruptcy, and is used by businesses that are facing insolvency. Finally, Chapter 13 bankruptcy offers a court-supervised debt repayment plan for individuals and businesses for up to five years.
What Happens To My Property If I File Bankruptcy?
In addition to helping you decide whether bankruptcy is the right choice for you, we can determine which type of bankruptcy best suits your needs. We can also help you answer such questions as what happens to your house, your car, and your personal belongings, and help you get rid of your debt. Whether you are in Daleville, Columbia, Andalusia, Geneva, Taylor, Ft. Rucker, Ozark, Eufaula, Enterprise, Opp, Eufaula, Cottonwood, Rehobeth, Midland City or any other area of Southeast Alabama, our Dothan legal team is ready to help you make your financial stress a part of your past. Call us at 334-792-1900, or email us for a free consultation.