Opelika Bankruptcy Attorneys
Chapter 13 & Chapter 7 Bankruptcy Law Firm in Opelika, AL
Local Opelika Bankruptcy Attorneys
The Brock & Stout Opelika Bankruptcy Attorneys can answer your bankruptcy questions and help you understand the rules. Our attorneys are ready to help you get out of debt and back on track toward a brighter financial future. So many people out there find themselves struggling to make ends meet. Many are constantly stressed out trying to figure out how to pay essential bills. Sometimes it seems like it’s a never-ending cycle with no way out. Fortunately, bankruptcy could be the solution you’ve been looking for.
Opelika is a wonderful place to live, work and raise a family, but even the most solid families still have problems. Sometimes, you need help and guidance to navigate your way through. Medical expenses from an illness or injury, divorce, job loss, natural disasters can all play a role in out of control finances. These are legal debts and the creditors expect them paid, just as you would if you were the creditor. Sometimes, these creditors use unpleasant means to attempt to collect. They may threaten to sue, garnish wages or seize property. They typically call you at all hours of the day or night, at home or work. When it becomes challenging to work with your creditors, you may need the assistance of the knowledgeable attorneys at Brock & Stout. You don’t have to solve your financial problems alone. Get started on rebuilding a strong financial future. Call Brock & Stout today at (334) 759-3328.
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy, also called debt consolidation or debt reorganization, means you’ll repay some or all of your debt to creditors over a 3 to 5 year period with one low monthly payment. Chapter 13 Bankruptcy focuses on reorganizing your finances to reduce monthly payments to a manageable level for your budget. You’ll likely be able to keep property your creditors might otherwise seize in repayment of the debt. The debts do not disappear, the Court assumes control over the repayment, overruling the contracts, such as credit card agreements, by which the debts were incurred. With Chapter 13 Bankruptcy, the experienced Bankruptcy Attorneys at Brock & Stout can help you get on your way to regaining your financial stability.
Chapter 7 Bankruptcy
Brock & Stout’s Bankruptcy Attorneys can help you navigate through Chapter 7 Bankruptcy. Whether you call it a straight bankruptcy, complete bankruptcy or full bankruptcy, Chapter 7 Bankruptcy was created for those who just won’t be able to repay their debts. When completed, Chapter 7 Bankruptcy grants the individual discharge of all debts, except those specified as reaffirmed or are non-dischargeable. This discharge is an Order from the Court and prohibits any creditors listed in the discharge from ever taking further action to collect the debt. Chapter 7 Bankruptcy, in many cases can wipe out your debt completely.
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2 Ways Chapter 13 Bankruptcy Could Help You
Chapter 13 Bankruptcy is known as a reorganization of debt. It helps debtors reorganize their debt and pay them off through a bankruptcy court structured repayment plan. Depending upon a debtor’s financial situation, they could have their unsecured debt (i.e. credit...
What Happens to Debt After Filing Bankruptcy?
Bankruptcy is a powerful legal tool that can help individuals and businesses overcome overwhelming debt by providing them with a fresh start. Filing for bankruptcy can seem like a daunting process, but it can be beneficial in the long run. This article will discuss...
Student Loan Bankruptcy Discharge Could Now Be Easier
The process for obtaining a discharge of federal student loans through bankruptcy has been long and difficult for over a decade. However, times are changing and newly issued guidance to the Department of Justice (DOJ), in connection with the Department of Education...
Contact our Opelika Bankruptcy Attorneys to Handle your Case
The dedicated Bankruptcy Attorneys at Brock & Stout have the knowledge and skill you need to help navigate through your bankruptcy. Mike Brock and Gary Stout opened Brock & Stout Attorneys at Law over 24 years ago with one purpose: build a practice on integrity and putting client’s needs first. Over the years, Brock & Stout decided to focus our practice on select areas, including Bankruptcy law. The firm now has offices with attorneys in Opelika, Alabama, as well as other locations, serving the needs of the people of Alabama. We have been able to expand through our success because, at Brock & Stout, we truly place our clients’ needs first. When you’re in over your head, contact Brock & Stout, we’ll be your lifeline. Call us today at (334) 759-3328.