Get Started With a Chapter 7 Bankruptcy Attorney in Wetumpka AL

Get Started With a Chapter 7 Bankruptcy Attorney in Wetumpka AL

Chapter 7 is a type of bankruptcy that is offered to individuals and couples. This bankruptcy allows a person to overcome the debts they have amassed and seek financial freedom within six months. It is crucial a person learns as much as they can about bankruptcy so they can make the right decision for their financial needs. One of the first steps a person needs to take is to make sure they meet with the Chapter 7 Bankruptcy Attorney in Wetumpka AL.

How to Get Started on the Process

To find out if a person is a good candidate for Chapter 7, a consultation appointment needs to be scheduled. This appointment allows the individual to bring in their financial records so they can be discussed with the attorney. The following items should be brought to the meeting.

  *     Proof of income

  *     Proof of identity

  *     Banking records

  *     Income tax returns for at least two years

  *     Information on household expenses

  *     Account statements for all debts

  *     Evidence of all assets

These items will help the attorney to determine whether or not Chapter 7 will be a good fit for their client. Those who are not good candidates for Chapter 7 may have the option of applying for Chapter 13, depending on their financial situation.

What Can Individuals Expect?

When someone files for Chapter 7 with the help of a Chapter 7 Bankruptcy Attorney in Wetumpka AL, a court-appointed trustee is put in charge of taking possession of all property that is not exempt. This property is liquidated to pay off debts the individual owes.

In some cases, the trustee will have the power to absolve some of the debts that are owed by the debtor. Most Chapter 7 bankruptcies are settled within six months or less, depending on the amount of debt that is owed.

If you are in need of legal help for overcoming your mounting debt, contact the law office of Courtney & Mann LLP. Call the office right away, and they will be happy to schedule an appointment. With an appointment, individuals will learn if they are a good candidate for Chapter 7 so they can make sound choices for their financial needs.

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