Chapter 13

Bankruptcy Attorneys Huntsville | Crumbley-Blackwell-Price Attorneys

Our law firm has been helping clients file for bankruptcy and restructure their financial situations for decades. The bankruptcy lawyers on our team have handled cases in Huntsville, Athens, Decatur, Madison, and surrounding areas. If you are considering bankruptcy protection, we can help you determine if you qualify and could benefit from filing an Alabama bankruptcy.

Most people are eligible for Chapter 13 bankruptcy; however, there are exceptions:

• Irregular income or low income (file for Chapter 7 instead).
• High debt burden
• No income tax. returns for any of the past four years.
• To show your income, you may use wages, pension payments, and any other type of government benefits including spousal or child support, royalties or rent, and commission. Speak with our Huntsville bankruptcy attorneys to find out if you are eligible for Chapter 13 bankruptcy.

Developing your Chapter 13 plan can be quite complicated. There are certain debts that must be paid back first, while others can be repaid partially. To create an effective plan, discuss your options with an experienced bankruptcy attorney at our firm. We can educate you about the process and come up with a plan that can maximize your assets and help you get out of debt.

The first and most important debts to be paid off are priority debts. These include employee wages, taxes, child support, and alimony. Next, secured debts need to be paid; these are any debts that have been secured by your property such as a home or car. Lastly, unsecured debts are paid with whatever disposable income is left.