What Is Bankruptcy & Bankruptcy Protection?

Sadly, many people find themselves in a state of not being able to repay their debts or creditors. When this happens, the person is referred to as being in a state of bankruptcy. This is quite a common condition, often due to unforeseen and uncontrollable circumstances or major life events. 

Get A Second Chance with Bankruptcy Protection Through Your Financial Hardship

Many believe that when filing for bankruptcy, you will lose everything you own. However, with bankruptcy protection, your assets are protected, and you are allowed to keep the things you need. Bankruptcy Protection is a federal law designed to help you manage and resolve your debt while protecting valuable assets. It helps give people an opportunity for a fresh start when their finances have collapsed. Whether your debt is a result of bad decisions or unpredictable life situations, get a second chance by filing for bankruptcy.

 

Bankruptcy Protection can:

  • Protect your home from foreclosure
  • Protect your vehicle from repossession
  • Stop collection calls & letters
  • Prevent a lawsuit
  • End garnishment of wages 
  • Eliminate many types of debt

The Best Way to Protect Your Assets

When you don’t have the resources to pay back all your debts, let the courts know that you need to protect the things you own with bankruptcy protection. Without bankruptcy protection, your assets may be in danger of being lost to your creditors through lawsuits and judgments.

 

The Law Office of Sandra Lewis, P.C., helps provide guidance in helping you get through your financial difficulty. Our bankruptcy attorney in Montgomery, AL, strives to make the bankruptcy process as simple and painless as possible. While filing for bankruptcy may seem intimidating, we have the experience and knowledge to help get your finances back on track. Contact us today for a free initial consultation.

Types of Bankruptcy Protection

There are six types of bankruptcy protection, and at The Law Office of Sandra Lewis, P.C., we specialize in Chapter 7 and Chapter 13.

Chapter 7 Bankruptcy Protection 

Chapter 7 Bankruptcy protection involves the liquidation of all the assets of the debtor and paying off their debts. Most of the debt is wiped clean, with a few exceptions. Click here to learn more about Chapter 7 Bankruptcy.

Chapter 13 Bankruptcy Protection

Chapter 13 Bankruptcy protection allows debtors to keep their property and catch up on missed mortgage, car, and debt payments. Click here to learn more about Chapter 13 Bankruptcy.


Contact us to schedule a free initial consultation to meet with our bankruptcy attorney in Montgomery, AL, to discuss your bankruptcy options.

Why You Need a Bankruptcy Attorney

Guiding a case through the bankruptcy courts is a complicated process and calls for an experienced attorney. While it’s possible to file for bankruptcy without legal assistance, hiring an Alabama bankruptcy attorney could be wise. Count on The Law Office of Sandra Lewis, P.C. to walk you through the legal process and inform you of your rights and options. 

Have questions about filing for bankruptcy? Contact us for a free initial consultation. 

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