BANKRUPTCY ATTORNEYS HUNTSVILLE AL
Ferguson & Ferguson
Attorneys at Law
The law firm of Ferguson & Ferguson has been fighting for the consumers of Huntsville, Alabama for over 30 years. We always offer free bankruptcy consultations and our bankruptcy fees are among the lowest in Huntsville, Alabama. We can often quote you a fee immediately when you call after just a few simple questions, and we have flexible payment plans for everyone. Give us a call and find out about how affordable our bankruptcy fees can be in your case. At Ferguson & Ferguson, we have the knowledge and skill to help you repair your credit and become debt free. Call 256-534-3435. We can help.
Do you constantly worry about your bills and how you are going to pay them? Are you receiving creditor calls at all hours of the day and night? Are the creditors threatening to sue you and garnish your wages? If you are worried about credit card companies, loan companies, or mortgage companies suing you, taking your vehicle or foreclosing on your home, you are in the right place. When you came across our Huntsville, Alabama bankruptcy website today, it was not by chance. Like thousands of Huntsville residents, and millions across this country, you need answers and solutions to your financial problems. You can have a life without debt and harassing calls from creditors. We understand that you would prefer to be able to pay your debts, and not file for bankruptcy. Bankruptcy can be a difficult decision, and we are here to make it simpler and less stressful. If the only solution you have is bankruptcy, we can help. Filing bankruptcy in Huntsville, Alabama does not mean you lose everything you own. Nothing could be further from the truth in Alabama. The bankruptcy laws are designed to give you a fresh start.
Helping Huntsville AL Debtors Eliminate Debt Through Bankruptcy
Thousands of Alabamians filed for bankruptcy last year. In all, over a million personal bankruptcies were filed last year. The average US household had over $15,000.00 in debt last year. In 2017, 62% of all personal bankruptcies had a medical cause. One of the main purposes of Bankruptcy Law is to give a person, who is burdened with debt, a fresh start by wiping away personal debt. If you are having financial concerns and considering bankruptcy, we are here to guide you through the bankruptcy process. If bankruptcy is the right solution for you, our Huntsville bankruptcy attorneys can provide you with the most current up to date bankruptcy advice possible. Make sure the bankruptcy attorney you hire is local, affordable, knowledgeable and going to be with you down the road when you have questions. You can trust the attorneys at Ferguson & Ferguson to be by your side to the end of your case and beyond.
How Can Ferguson & Ferguson Help?
We understand the stress that results from financial difficulties, but it does not have to be that way. We have helped thousands of Huntsville, Alabama clients break free from tens of millions of dollars of debt. Bankruptcy can often be overwhelming, but our Huntsville attorneys will be with you all the way. All of our bankruptcy consultations are conducted by an attorney, not a secretary. Our Huntsville bankruptcy lawyers will help you understand your Chapter 7 and Chapter 13 options. We will explain how the bankruptcy laws can benefit you. At Ferguson & Ferguson we understand your anxiety about your financial situation and offer you all possible solutions in your case. Our policy is to provide personal, one-on-one service, throughout the entire bankruptcy process. Your concerns are our concerns. When you are looking for the most affordable, knowledgeable and caring Huntsville, Alabama bankruptcy attorney, look no further. We know bankruptcy!
Call Ferguson & Ferguson and stop the harassment from creditors immediately. We can keep the creditors at bay and help you keep your home, vehicles and other property. Our Huntsville, Alabama bankruptcy attorneys are committed to providing clients with immediate debt relief and with assistance in starting over.
What Can Bankruptcy Do For Me?
Bankruptcy laws allow individuals such as yourself, the opportunity to eliminate debts caused by past mistakes or unforeseen circumstance. Assuming you need to file a bankruptcy, the only way to determine which Chapter to file under is to first compare your options under the other available Chapters (with the assistance of a bankruptcy attorney). Under any Chapter, you are required to list all of your assets and all of your debts on your petition. An asset is anything you own or may have a right to own at some future date (for example, if you are in someone’s will). Some (and in many cases, all) of your assets will be exempt. Basically, you can exempt any items normally used for your support and maintenance, such as clothing, furniture, household goods, and so forth. After you file your case, a Trustee is appointed. He (or she) will liquidate (sell) all of your non-exempt assets and pay your creditors according to the priority afforded to them by the Bankruptcy Code. You may voluntarily repay any debt upon agreement with the creditor. Whether this is ever advisable is questionable and is an issue to be discussed with your attorney or lawyer.
What is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is an affordable and simple solution for people struggling with debt. Chapter 7 Bankruptcy is a process which allows individuals to eliminate, or discharge, all, or some, debt in a legal and orderly fashion. Chapter 7 bankruptcy (Title 11 of the United States Bankruptcy Code) is commonly known to attorneys, lawyers, and others as a liquidating bankruptcy (liquidation), personal bankruptcy, or just plain “bankruptcy.” It is also referred to as consumer, although businesses can also file under Chapter 7.
The first step to filing a successful Chapter 7 Bankruptcy is to accurately evaluate one’s goals, and one’s eligibility for Chapter 7 Bankruptcy relief. The objective of the typical Chapter 7 Bankruptcy filer will be to eliminate or discharge all, or some, of his or her debt. In other words, once your discharge is granted, you no longer need to repay the debts that were incurred before you filed your bankruptcy. Whether or not one is eligible to file is a different issue than whether or not one should file. The person contemplating a Chapter 7 Bankruptcy must first assess whether or not he or she is eligible to file. Requirements are relatively easy. Currently, the requirements are that you have not filed for Chapter 7 Bankruptcy in the previous eight years or a Chapter 13 Bankruptcy that paid less than a 70% dividend to unsecured creditors in the previous six years. In fact, a person filing for chapter 7 need not be a citizen or even a legal resident of the United States, the Code requires that the debtor simply must be a “resident.” If you meet these simple factors, then you would be eligible to file a chapter 7.
What is Chapter 13 Bankruptcy?
Chapter 13 is called the wage earner’s plan and allows people with a regular income to develop a plan for repayment of debt. Even people who are self-employed can file for Chapter 13. The goal of most any personal bankruptcy is to discharge your existing debts by repaying all or a portion of your debts, and allow you a fresh start on your finances. In other words, once your discharge is granted by the court, you no longer need to repay the debts that were incurred before you filed your bankruptcy.
When someone files for Chapter 13 bankruptcy, their aim is to have the opportunity to repay some or all the debts in their name, in better terms, i.e. lower or no interest. Unlike Chapter 7 which involves liquidation of assets, this process involves restructuring debts which allows the debtor to use whatever income they may have in the future to pay off the creditors. A Chapter 13 bankruptcy is for people who have a regular income and want to repay their creditors. The maximum amount of time to pay back creditors is 5 years. It offers great opportunities to pay off past due mortgage arrearages and/or car payments over 36-60 months, giving you time to catch up and keep your property. Chapter 13 can help you protect and keep all your assets, stop foreclosure sales and catch up on past due mortgage payments over time, remove liens, such as second mortgages, on your property, discharge unsecured debts (such as credit cards, medical bills, certain taxes, and more) by doing an affordable repayment plan from 0%-100% and repay debts with zero percent interest.
What We Do To Help?
What YOU get when you hire Ferguson & Ferguson:
- Free phone consultations
- Free office consultation
- Fast same day emergency filings
- Convenient Huntsville, Alabama location
- No money down filing available for Chapter 13 plans
- Payment plans to fit your case
- No hidden fees: many firms tack on $350 or more for what we do for free
- Established bankruptcy law firm and staff
- We handle both Chapter 7 and 13 cases
- No phony debt settlement schemes: we work within the court system
- Personal, professional and caring attorneys, and a fresh start for you
- Knowledgeable and experience attorneys
- 24/7 support when you need it!
Free Bankruptcy Consultations
If you are having financial problems, the law firm of Ferguson & Ferguson wants to help. Your case matters, and you deserve personal attention from an experienced and knowledgeable attorney and staff. Our seasoned Huntsville bankruptcy lawyers have been representing Huntsville residents for more than 30 years. Our successful case results and satisfied past clients are a testament to our experience and commitment to our clients. If you are facing foreclosure, liens, lawsuits, repossessions or wage garnishments, our experienced bankruptcy lawyers can find the best option to help eliminate your debt. Our lawyers keep abreast of ever-changing federal bankruptcy laws and provide our clients with the best, most current advice available. Call Ferguson & Ferguson now for a free no obligation consultation with one of our Huntsville, Alabama bankruptcy attorneys. Call 256-534-3435.
Huntsville Office Location:
303 Williams Avenue SW
Huntsville, AL 35801
Decatur Office Location:
401 Lee Street, Suite 607A
Decatur, AL 35601