We Know What Matters

We Know What Matters

The Bankruptcy Chapter That Helps You Start A New Chapter

Chapter 7 bankruptcy is a relatively fast process that wipes out all dischargeable debts without a repayment plan. Sometimes, you might lose some property to pay back your creditors. In order to file for Chapter 7 bankruptcy, you must qualify. To qualify, your household income must be below the median Alabama income. To determine if you are eligible to file for Chapter 7 bankruptcy, it is important to discuss your financial situation with a skilled and experienced bankruptcy attorney. Agricola Law, LLC, has the attorneys with the experience and knowledge you need to get the best solution for your financial problems.

Chapter 7 is the most common form of bankruptcy. It allows individual consumers to discharge their debts after liquidating certain assets. Though there is still a negative stigma surrounding bankruptcy, filing Chapter 7 can help you resolve your financial troubles and move on to a new stage of life.

We offer the effective, cohesive help that you deserve. Based in St. Opelika, we assist clients throughout Alabama with bankruptcy issues, including filing Chapter 7 and filing Chapter 13. No matter the cause of your debt, you can rely on us to help you get back on track.

Which Assets Are Exempt From Liquidation?

Chapter 7 is often known as liquidation bankruptcy. In Chapter 7, consumers must sell or liquidate, certain assets to repay their creditors. Fortunately, many of your assets are exempt from this process, including:

  • Cars and trucks of a certain value
  • Most clothing
  • Most household appliances and décor
  • Jewelry of a certain value
  • Pensions
  • Government benefits

Though you may feel worried about losing a certain piece of property, the immediate end of harassment from debt collectors, the end of foreclosure proceedings, and the eventual discharge of your debts is worth it. We can help you understand which of your assets you will get to keep. Our attorneys can also negotiate with the bankruptcy trustee, advocating for you to keep as many assets as possible.

Get Relief For COVID-Related Debt

Has the COVID-19 pandemic contributed to your debt, perhaps from the loss of a job or a decrease in business? You are not alone. This a common problem for many Americans. We understand the hardships that you are experiencing because we have helped many people with the same troubles. Reach out to us to discuss your options.

The People We Help Get Out Of Debt

We are respected members of the legal communities of Opelika, Auburn, Phenix City, Valley, Lannet, Beulah, Salem, Smith Station and Montgomery, Alabama, as well as Columbus, Georgia. Our attorneys regularly represent clients in courts in Russell County, Lee County, Chambers County, Macon County, Randolph County, Montgomery County, Tallapoosa County, Elmore County and Autauga County, Alabama, and Muscogee County, Harris County and Group County, Georgia.

Get Our Help In Starting A New Life Chapter

When you file Chapter 7 bankruptcy, you can end one difficult stage in life and start a happier one. We are here to assist you in this. Reach out to us at Agricola Law, to schedule a confidential consultation about bankruptcy. To contact us, call 334-610-1064 or send us an email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.