Alabama Bankruptcy Attorneys
Answers to Commonly Asked Questions about Bankruptcy
Our practice is based on providing exceptional legal
services for very reasonable fees. We discuss all
fees up front so that you will have a clear
understanding of how much your case will cost.
What documents are needed in order to file
Click the icons below for a document checklist and a
questionnaire that will need to be completed before
your case can be filed.
Additional Questions? Give us a Call.
Please give us a call if you have any additional
questions about how bankruptcy may be able to
What Will Happen to My Home and Car If I File Bankruptcy?
In most cases you will not lose your home or car during your bankruptcy case as long as your equity in the property is fully exempt. Even if your property is not fully exempt, you will be able to keep it, if you pay its non-exempt value to creditors in chapter 13.
However, some of your creditors may have a "security interest" in your home, automobile, or other personal property. This means that you gave that creditor a mortgage on the home or put your other property up as collateral for the debt. Bankruptcy does not make these security interests go away. If you don't make your payments on that debt, the creditor may be able to take and sell the home or the property, during or after the bankruptcy case.
In a chapter 13 case, you may be able to keep certain secured property by paying the creditor the value of the property rather than the full amount owed on the debt. Or you can use chapter 13 to catch up on back payments and get current on the loan.
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