Bankruptcy - FAQ's
What is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy allows unsecured debt to be discharged, however, you can choose to repay or reaffirm a debt. This type of bankruptcy is used mostly by people who have no way of repaying their debt and have little property.
Should I File Chapter 7 Bankruptcy?
For people who have substantial property and an income, this may not be in their best interests. If you are considering bankruptcy for a business, you will not be allowed to file for Chapter 7 as it can only be used by the individual. If you have no real estate or other tangible assets which you would wish to keep, Chapter 7 Bankruptcy may be the way to go.
If you are considering filing for bankruptcy, you do not have to make this decision alone. Here at the Alan L. Jackson Law Office we offer free bankruptcy consultations. Simply contact our office to schedule an appointment. Our paralegal will provide you with a complete list of documents to bring with you to your appointment. After consulting with Attorney Alan Jackson, he will be able to advise you if you qualify for Chapter 7 Bankruptcy and if it is in your best interest. Mr. Jackson and his staff are always glad to answer questions and be as much assistance to his clients as possible.
We are a debt relief agency. We help people file for debt relief under the Bankruptcy Code.
Get In Touch
Alan Jackson Law Office
452 Hwy 431
Boaz . AL 35957