Alabama Bankruptcy Information
File Alabama Chapter 7 or Chapter 13 bankruptcy to avoid home foreclosure today
Filing Bankruptcy in Alabama
The Alabama economy has deteriorated over the last few years. The unemployment rate is the lowest it has been in the last five years and house price appreciation has been below inflation. If you live in the state of Alabama, you may have been a victim of the economic slow down. You may have lost your job, had unexpected medical bills or have tried to sell your home only to find that the housing market has slowed. If you are facing a home foreclosure, wage garnishments, a loss of a job or high credit card debt and you are unable to pay your bills, filing bankruptcy may be an option for you.
The Federal government has established the bankruptcy process as a legal option for individuals to discharge all or a portion of their debt by filing Chapter 7 Bankruptcy, or restructure their debt repayment by filing Chapter 13 Bankruptcy.
If you are unsure of your financial future and believe that your best option is to file personal bankruptcy, it is important to discuss your plans with an Alabama Bankruptcy Attorney. An Alabama Bankruptcy Lawyer will be able to review your assets and debts and answer your bankruptcy questions. An attorney from Alabama will also be familiar with the states bankruptcy law and can determine if you are eligible to file for Chapter 13 Bankruptcy or Chapter 7 Bankruptcy.
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