Chapter 13
Helping you repay your debts over time without losing your hard-earned assets
Chapter 13 Bankruptcy Attorney In Montgomery, Alabama
What Is A Chapter 13 Bankruptcy?
If you're facing financial difficulties and have fallen behind on your house or car payments, Gary Backus in Montgomery, Alabama can help you navigate the path to financial stability with a Chapter 13 bankruptcy. This legal process can stop foreclosure on your home, enable you to keep your car, and potentially reduce your car payments. In certain situations, you might qualify for a plan where you only pay a portion of your debt while retaining ownership of your home and car. Even if past parking tickets have led to the loss of your driver’s license, a Chapter 13 case could allow you to have it reinstated.
It's crucial to have someone adept in handling such proceedings to guide you through this process. Gary Backus has a proven track record in Chapter 13 bankruptcy cases and is dedicated to helping you achieve a favorable outcome. For a personalized consultation and to explore your options, schedule a meeting with Backus Law Group today.
Call Backus Law Group at 334-265-0800 to reach the Montgomery office or 205-755-5208 for the Clanton office to schedule a consultation with a lawyer today.
How Do I Qualify for a Chapter 13 Bankruptcy?
At the heart of Backus Law Group in Montgomery, Alabama, is the commitment to help individuals navigate their financial challenges and explore the option of Chapter 13 bankruptcy. If you're seeking relief and exploring how to manage your debts, it's crucial to have a consistent income stream. This can come from various sources, such as Social Security, disability benefits, unemployment payments, retirement benefits, or rental income. Keep in mind, if you're involved in stock or commodity brokering, Chapter 13 may not be an option for you.
However, sole proprietors and the self-employed may qualify, provided their debts are within specified thresholds. Also, a means test will assess your eligibility, particularly if your debts extend beyond three to five years. Gary Backus is here to help you understand if Chapter 13 bankruptcy suits your unique situation. Reach out to Gary's office today to take the first step towards financial restructuring.
What Happens During a Chapter 13 Proceeding?
Navigating the complexities of Chapter 13 bankruptcy can be daunting, but with Gary Backus, a dedicated Bankruptcy Attorney located right here in Montgomery, Alabama, you're not alone. Gary will work closely with you to determine your eligibility and help you stop any foreclosures, wage garnishments, repossessions, lawsuits, or other harassment from creditors.
Attorney Backus will guide you in crafting a repayment plan that needs court approval. The court will assess if your plan is fair, ensuring that unsecured creditors receive an amount not less than what a Chapter 7 filing would have offered. Additionally, your plan will need to prioritize the use of all your disposable income – income not required for your support and maintenance. The process may be complex, but with Gary Backus by your side, you can approach it with confidence and clarity. To begin this journey and regain control of your financial future, contact Backus Law Group in Montgomery today.
Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.
Have Bankruptcy Questions?
Call Backus Law Group at 334-265-0800 today to speak to an attorney. Our firm offers $99 Down to get started, giving you and your family a financial fresh start!