Filing for bankruptcy protection can be a valuable tool in dealing with a variety of financial situations. Are you facing foreclosure? Garnishment? Repossession? Job loss? Have you been sued by a credit card company or medical provider? I am an experienced Daphne bankruptcy attorney serving Baldwin County and the surrounding areas. I offer a FREE, NO-OBLIGATION, CONFIDENTIAL PHONE CONSULTATION to determine whether bankruptcy may be an option for you.

According to the United States Supreme Court, the goal of the federal bankruptcy laws is to give the “honest but unfortunate debtor…a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt.” Local Loan v. Hunt, 292 U.S. 234, 244 (1934). Under the bankruptcy code, some of your debts may be dischargeable, releasing you from personal liability for the debts stopping creditors from collecting the debts. While not all debts are dischargeable, we may have the option to restructure some debts through lower interest rates, an increased term to repay or a procedure known as a “cram down” which may relieve your obligations to repay some of the principal.

There are five sections of the bankruptcy code which are generally known by their chapter number in the bankruptcy code. For purposes of the individual debtor, the bankruptcy will generally fall under either Chapter 7 or Chapter 13. However, each case is unique and should be analyzed by an experienced bankruptcy attorney. I am an experienced Daphne Bankruptcy attorney and will analyze your unique situation and see whether bankruptcy may be an option.

Contact an experienced bankruptcy attorney for a free phone consultation today.