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Debt Relief through Bankruptcy is Just Over the Horizon.
Serving people in the Dothan, Troy and Eufaula markets.
Let us help you get rid of your debt.
The Bankruptcy Code was developed to give Americans a fresh start if they have amassed too much debt. We will assess your specific financial situation and advise you on how best to proceed.
While many people will actually qualify for both Chapter 7 and Chapter 13, it is our job to assess your unique financial situation and advise you on the benefits associated with either filing. We will work diligently to determine how bankruptcy can lead you to a brand new financial future.
Determining which bankruptcy is best for you depends on a number of factors. This website outlines some of the key differences among the two primary types of bankruptcy, as well as some of the more uncommon types.
What Can Bankruptcy Do For You?
GET OUT OF DEBT
Bankruptcy was designed to provide debt relief by either getting rid of or consolidating your debt.
STOP CALLS FROM CREDITORS
Bankruptcy can stop creditors from calling and harassing you.
STOP LAWSUITS
In many cases, bankruptcy can stop lawsuits from creditors who are suing you.
STOP WAGE GARNISHMENTS
Bankruptcy can stop creditors from garnishing up to 25% of your hard earned wages.
STOP FORECLOSURES
Bankruptcy can stop creditors from foreclosing on the home that you’ve worked so hard for.
STOP REPOSSESSION
Filing bankruptcy can stop creditors from repossessing your vehicle or other valuables.
Chapter 7 At a Glance
TYPICAL SCENARIO
You have little property except for the basic necessities like furniture and clothing.
ADVANTAGES
Most unsecured debts can be discharged or completely eliminated.
DISADVANTAGES
Many times your vehicle and home are surrendered unless payments are kept current and equity position is low.
Chapter 13 At a Glance
TYPICAL SCENARIO
You have significant equity in a home or other property and you want to keep it.
ADVANTAGES
You can keep most of your property (including house and vehicle) with additional time to pay past due accounts.
DISADVANTAGES
May have to pay back a portion of unsecured debts via monthly payments to the trustee for 3-5 years.
Chapter 11 & Chapter 12
Below are a few key characteristics of these less common bankruptcies.
Chapter 11 Bankruptcy
Chapter 11 is commonly known as business bankruptcy, but it is true that both businesses and individuals can take advantage of this type of debt relief. Chapter 11 bankruptcy is the usual choice for large businesses seeking to restructure their debt, as it allows greater flexibility in which to work.
Chapter 12 Bankruptcy
Chapter 12 is such a specific and specialized section of the Bankruptcy Code, that not all firms have a detailed understanding of how it can help their clients. Our expertise in this area, and our 75 years combined experience, allows our clients to make the most informed decision possible.
Bankruptcy Resources
Meeting of the Creditors
Most of the time our clients want to know: “Do I have to go to court?” The answer is yes but it’s not like [...]
Credit After Bankruptcy
Most people believe that if you file bankruptcy your credit will be ruined. While it is true that filing a bankruptcy case will affect your [...]
Exempt and Non-exempt Property Under Chapter 7 Bankruptcy
People who file for bankruptcy seek protection from their creditors for the debts they have incurred. The U.S. Constitution gives this power to the federal [...]
Chapter 12 Bankruptcy: How It Works
The following is an overview of the early course of a typical Chapter 12 bankruptcy case. See Chapter 12: Basics and Eligibility for an overview. [...]
Common Mistakes Made on the Bankruptcy Means Test
The means test is often the starting point for anyone who is filing for bankruptcy. It determines if you are eligible for Chapter 7 bankruptcy, [...]
Chapter 11 Bankruptcy: An Overview
Chapter 11 usually makes it to the news when large corporations fall into financial distress and need bankruptcy relief. Corporations that have filed Chapter 11 [...]
Client Testimonials
“I can say today that my life has turned around all for the better and I owe it all to Cam’s patience and understanding of the bankruptcy laws…”
“I recently got my discharge letter and can’t wait to start rebuilding my credit. I would highly recommend Espy, Metcalf, and Espy…”
“They were highly respected by the trustee I had. They’re also very responsive to questions by email, which really really helps with the stresses…”