Many families may be struggle with mountains of medical debts, and have unpaid debts. When should any Birmingham family make the decision to file for Chapter 7 Bankruptcy? If you have unmanageable medical debt, it may make life easier, if you file for bankruptcy. It is a good idea to hire a bankruptcy attorney in Birmingham, AL. It can help families improve their financial situation, so no family has to feel crushed by debt. It is hard when families have large, unpaid medical debts.
One Birmingham family saved themselves from a mountain of debt, when they did hire a bankruptcy attorney, Birmingham, AL, and had more than $36,000 to pay from a surgery to remove tumors from a man’s digestive tract. The $250,000 surgery was successful, but the man and his wife of 36 years, had a 7-day hospital stay to cover. They were not sure if insurance would cover the majority of the costs.
Why file for Chapter 7 Bankruptcy and hire a bankruptcy attorney, Birmingham, AL?
The better question to ask may be when should you file for Chapter 7 bankruptcy? If you have medical debts, you do not want to wait to file for Chapter 7 Bankruptcy because it can relieve you of any financial obligations to pay back the medical debts. It can help save you from creditors, who want to recover payments for unpaid debt. Under Chapter 13 Bankruptcy, creditors can receive structured payments. However, under Chapter 7 Bankruptcy, you may receive protection, if you are under heavy debt. Do you meet the limitations to file for either Chapter 13 or Chapter 7 Bankruptcy, if you do file?
Before you hire a bankruptcy attorney in Birmingham, AL, it is best to find if you meet the qualifications to file and learn what you can claim in your bankruptcy. Should you file for Chapter 13, instead of Chapter 7 Bankruptcy? In certain situations, it may be better to file for Chapter 13 bankruptcy instead of Chapter 7 bankruptcy. Many Alabama attorneys will offer free consultations and you can ask about your options before you lose your house in Pelham, Fultondale, Birmingham, or any city.
Did you know you could file for Chapter 13 and hire a bankruptcy attorney, Birmingham, AL, when you have a car loan and missed car payments? You may have a student loan or a tax obligation that you cannot keep. Under law, you cannot have these debts, if you do file for Chapter 7 Bankruptcy. Do you have property that you want to keep, while you file for bankruptcy? You can hire a bankruptcy attorney in Birmingham, AL, that can help. An attorney can advise you on whether to make your bankruptcy filing a Chapter 13 or Chapter 7. If you know your options while filing for Chapter 13, you do not have to give up any property. You can keep your property with this type of bankruptcy. It is a better deal, if you do hire a bankruptcy attorney, in Birmingham, AL.
Chapter 13 does not let you off the hook, if you hire a bankruptcy attorney, Birmingham, AL
You still will be required to repay your debts, if you file for Chapter 13 Bankruptcy. If you hire a bankruptcy attorney, Birmingham, AL, he or she can advise you of how long you have to repay your debts or loans. He or she can help you decide if you would be better off to hire a bankruptcy attorney, Birmingham, AL and file for Chapter 7 Bankruptcy.
No matter which option you decide, a bankruptcy attorney can advise you each step of the way, so you do not have to worry you may lose your house. You may have unpaid medical bills, but it does not mean you have to give up your house.
If you are considering whether to hire a bankruptcy attorney in Birmingham, AL, we can help you make the best decision for your house.