Top Madison, AL Bankruptcy Lawyers Near You
303 Williams Ave SW, Suite 1311, Huntsville, AL 35801
4725 Whitesburg Dr SE, Suite 202, Huntsville, AL 35802
200 W. Side Square, Suite 950, Huntsville, AL 35801
200 Clinton Ave W, Suite 1000, Huntsville, AL 35801
655 Gallatin St SW, Huntsville, AL 35801
2204 Whitesburg Drive, Suite 302, Huntsville, AL 35801
305 Church St SW, Suite 800, Huntsville, AL 35801
2700 Winchester Rd NE, Suite G, Huntsville, AL 35811
102 S. Jefferson Street, Athens, AL 35611
225 Pratt Ave NE, Huntsville, AL 35801
200 Clinton Avenue West, Suite 900, Huntsville, AL 35801-4900
905 Bob Wallace Avenue SW, Huntsville, AL 35801
303 Williams Ave., Suite 811, PO Box 18605, Huntsville, AL 35804
200 West Side Square, Suite 100, Huntsville, AL 35801
Madison Bankruptcy Information
Lead Counsel Verified Attorneys in Madison
Lead Counsel independently verifies Bankruptcy attorneys in Madison and checks their standing with Alabama bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Is Bankruptcy?
Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.
What Happens When I File for Bankruptcy?
When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.
How Much Does It Cost To File for Bankruptcy?
There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.
How Long Does Bankruptcy Stay on Your Credit Report?
A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.