Chapter 13 Bankruptcy Attorney Located in Tuscaloosa, Alabama

Helping You Navigate Beyond the Road Bumps

Anyone's finances may experience a few setbacks at one time or another. An accident, job loss or other unexpected event may cause you to fall into debt that may seem insurmountable - but it is a debt you will be able to repay over time. If you fall behind on your payments and your income does not allow you to meet your debts, your best move is to seek the assistance of an experienced bankruptcy lawyer. Contact us for a free initial consultation to discuss how the law can help relieve your situation.

Protect Your Assets While Paying Your Debts

At Camron Law, we represent debtors in Chapter 13 bankruptcy actions. Also known as the wage earner's plan or reorganization, Chapter 13 applies to debtors who fall behind on their payments, but who want to protect their assets and are willing to pay off their debts on an installment basis. Unlike Chapter 7, debts are not erased and your assets will not be subject to liquidation.

What Chapter 13 Bankruptcy Does for You:

• Debt consolidation: It reduces your bills to a single monthly payment which a trustee collects and distributes among the creditors.
• Debt reorganization: Your unsecured and secured debts are organized and paid off according to priority status.
• You are required to present the court with a repayment plan detailing how you plan to pay off your creditors.
• The period for a repayment plan usually lasts three to five years, during which you are required to make regular payments to the Chapter 13 trustee.
• A Chapter 13 bankruptcy is reflected on your credit record for seven to 10 years.
• Similar to Chapter 7, Chapter 13 can also eliminate or drastically reduce your unsecured debts.

If you are looking for an experienced bankruptcy lawyer to represent you in a Chapter 13 matter, contact Camron Law in Tuscaloosa, Alabama, to schedule a free initial consultation.