Bankruptcy Attorney in Oneonta, AL

Bankruptcy Overview

Are you becoming discouraged after tirelessly trying to pay off your debts? At the law firm of Gina H. McDonald & Associates, L.L.C., we help people throughout Alabama expertly navigate the consumer bankruptcy process through Chapter 7 or Chapter 13 bankruptcy. We will listen to your concerns and then together we will develop a plan to help you reduce or eliminate your debt. As your legal advocate, we help you with the complicated paperwork and negotiate with your creditors on your behalf to achieve the plan that works best for you.

Chapter 7 vs. Chapter 13 Bankruptcy

When people think about bankruptcy, they're usually thinking about Chapter 7 bankruptcy, in which most debts are completely discharged. However, you must meet certain strict requirements that are dependent upon your current financial situation, your net worth, your employment and the amount of debt owed in order to file for Chapter 7 bankruptcy.

If you are ineligible for a Chapter 7 bankruptcy, Chapter 13 bankruptcy is often a good alternative, and a great way to retain most of your assets, such as your house and car. After you meet with your creditors and attend your mandatory court hearing, you will be entered into a debt repayment plan that will last between three and five years. During this time, you will make payments you can afford that are based on the amount of debt you owe. After this time, the remainder of the debt will be discharged in most cases.

Contact Us for Experienced, Compassionate Assistance

If you're in need of debt relief, contact an attorney of Gina H. McDonald & Associates by calling 251-621-7337 to schedule your free consultation. Our lawyers have helped people for more than a decade, and we can help you obtain a clean slate on your finances today.

Areas of Practice

• Bankruptcy
• Debtor-Creditor