Chapter 7 Bankruptcy Attorney in Birmingham
Helping Clients Restore Their Financial Health
Bankruptcy tends to have a bad connotation and people often scoff at the mere thought of it. However, it is a useful tool that provides a fresh start for those overwhelmed by insurmountable debt. In many cases, it is the only hope some have of ever breathing new life into their credit score. At Ingram Law, LLC, our Birmingham bankruptcy attorney will help you navigate the process of filing for a Chapter 7 bankruptcy, so you can begin to look toward a brighter future, unburdened by debt. There is nothing taboo about getting your finances back on track.
Contact Ingram Law, LLC in Birmingham to set up an initial consultation and learn more about the services we provide.
Do I Qualify for a Chapter 7 Bankruptcy?
Not everyone can file for a Chapter 7 bankruptcy. To know for sure if you qualify, you must take the means test. If you do not qualify for a Chapter 7 bankruptcy, this does not necessarily mean you cannot file for bankruptcy at all. You will likely be able to file for a Chapter 13 bankruptcy.
Here are some strong indicators that you qualify for a Chapter 7 bankruptcy:
- Your debts are more than half your annual income
- You do not have disposable income
- It would require 5 years or more to clear your debts
- Your monthly income is less than the median in your state
What Will Happen to My Assets & Property?
Chapter 7 bankruptcy is frequently referred to as a liquidation bankruptcy since possessions are often sold off to repay existing debts. However, some personal property is exempt from being sold during this process, depending on the value. You can potentially keep your car, your home, and personal property, such as books, appliances, and jewelry, assuming they do not exceed a certain limit. Additionally, any health aids you rely on are fully exempt.
Will All of My Debts Be Eliminated?
A Chapter 7 bankruptcy will wipe out all of your credit card bills, personal loans, medical bills, promissory notes, and other forms of unsecured debt. Some of your nonexempt property will be sold and used to pay off some of your unsecured debts, however.
The debts you cannot discharge in a Chapter 7 bankruptcy typically include:
- Certain taxes
- Court fees
- Spousal support or child support
- Student loans
- Court fines and penalties
- Debts for personal injury
In some rare cases, student loan debts can be discharged, but it is not common. Moreover, not all of your credit card debts will necessarily be automatically discharged. If you owe a substantial sum of money to a single creditor for the purchase of luxury goods, the creditor can go to court to argue that your debts are fraudulent and, as a result, should not be discharged.
Speak to an Experienced Bankruptcy Attorney Today!
If you are unable to pay off your debts, a Chapter 7 bankruptcy can help get you back on your feet and put an end to your financial struggles. At Ingram Law, LLC, our bankruptcy attorney in Birmingham will provide the legal advice you need to make the best decisions for your circumstances.
Contact our law office today at 205-303-1753 to discuss your case and learn more about what our team can do for you.
Get to Know Your Attorney
Learn More About Joe Ingram
Birmingham Criminal Defense Attorney Mr. Ingram is a native of Birmingham, Alabama. After earning his Bachelor’s Degree from Samford University, he worked for Alabama Power in Corporate Accounting. Mr. Ingram earned his law degree from Birmingham School of Law in 2002. While attending law school, Mr. Ingram worked as a law clerk in the Office of District Attorney for the Tenth Judicial Circuit in Jefferson County, Alabama. He has also served as an Assistant District Attorney in Baldwin County.
Proven Track Record
Hear From Our Satisfied Clients
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"He was very communicative about any and every question I had or any updates he had for me."I definitely would use him again if the need arises for me.- David
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"A wonderful attorney"Mr . Ingram is a very knowledgeable attorney and understanding. He worked out a wonderful deal.- Angela Jackson
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"Absolutely Great!"Mr. Ingram deals with complicated cases and makes you feels at ease with a resolution. He looks out for your best interest. Honest and empathetic to your needs.- Anonymous
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"Definitely a great attorney !"I had a issue that I needed an attorney to help me with. Mr. Ingram was the man to call upon. He answered my calls day and night. I would definitely recommend him!- Joe
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"Excellent, Just Plain Excellent"Joe Ingram was the perfect attorney my wife and I needed as we faced being deposed in our ex-son-in-law’s child custody litigation. His broad experience made it easy for him to walk us through the process, provide guidance on answering questions, and counsel us on the preparation of requested documents. As a result, my wife and I confidently entered the deposition with little or no trepidation. Really, I cannot say enough nice things about him. I just know that if I ever need an attorney or legal advice in the future, he’ll be the one I call first.- Edgar Smith, USAF Retired
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"Gets the Job Done"Thankful I chose to work with Joseph Ingram. He knows the law, made my case a priority and got the job done. Very Competent and trustworthy. I would 100% recommend Joeseph Ingram and work with him again.- GClark Johnson
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"Amazing"If you ever find yourself in need of an exceptional lawyer that goes above and beyond Joe Ingram is that person. I personally found myself calling Joe on weekends, day, night, it did not make any difference. He always made himself available. Joe worked diligently for two years on my husband’s case and through it all kept us calm with continuously assurance “it’s going to be okay”. His case did come out much better than either of us could have imagined. I cannot begin to express my gratitude and appreciation to Joe.- Ms. Franklin
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"Exceptional"My first meeting with Joe I felt as if I could trust him completely. I had a thousand questions and he patiently explained in an understandable way to me the answers. Joe took on my case. I was continually kept in the loop of the progress and of any issues along the way. Joe is an amazing attorney and a super nice person. I would highly recommend Joe if you ever need the best. Thank You Joe K. Franklin- Ken