Birmingham, Alabama, Chapter 13 Debtor’s Court Attorney
Chapter 13 is a debt relief option available to individuals and families who suffer from unmanageable debt and who have assets they want to protect, including a family home. Chapter 13 is also known as “debtor’s court” and is a kind of bankruptcy that allows you to work out a payment plan with creditors to protect your assets and minimize debt obligations. At the Martin Law Firm, LLC, we are committed to providing strategic support to clients interested in Chapter 13 bankruptcy.
Call 205-581-1299 or contact the Martin Law Firm, LLC today for a free consultation on Chapter 13 bankruptcy. Night and weekend appointments available.
What Is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy is available to people who have secured debt (a debt tied to an item of property such as a car or a home) and for many people who do not qualify for Chapter 7 bankruptcy. The goal is to have the debt cured or repaid in a three to five year Chapter 13 payment plan. The payment plan does not necessarily repay the full value of your debts, but creates a payment schedule that you can afford. At the end, the debts you have not paid off on most types can be discharged.
Chapter 13 bankruptcy may be right for you if:
- You want to stop mortgage foreclosure
- You have significant debt and need to stop wage garnishment
- Your debt has lead to car repossession or you need to catch up on car loan arrearages.
- You owe back child support, back taxes, or have a judgment lien.
Debt Repayment and Your Rights
Under a Chapter 13 bankruptcy payment plan, you still need to make current house payments. When you file, you are required to take charge of your obligations and stick to the agreed upon plan. You will make your regular payments on your home as well as your Chapter 13 payments to the trustee to catch up. To qualify for Chapter 13, you must have a regular source of income, whether it's a job, Social Security, child support, a pension or other retirement income, help from a spouse's income or self-employment.
You may have been temporarily laid off, become ill or injured, had a baby, lost child support, gone through a divorce, or someone in the household was incarcerated. Chapter 13 is for people who had a break in their income and cannot catch up without bankruptcy protection. We offer low upfront fees for Chapter 13, where the balance of the fee is paid through the Chapter 13 payment plan. The Chapter 13 payment can be done in a payroll deduction. For more information, please contact us directly.
Contact Martin Law Firm, LLC for a free consultation with an experienced bankruptcy and debt relief lawyer.
Evening and weekend appointments available • Conveniently located in the Frank Nelson Building, Downtown Birmingham, Alabama
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.