Tuscaloosa Chapter 13 Bankruptcy Lawyer

Alabama Debtors' Court Attorney

Chapter 13 bankruptcy is designed to help you obtain debt relief by reorganizing secured debts into a manageable debt repayment plan while allowing you to either erase or repay unsecured debt at no interest. A skilled Tuscaloosa Chapter 13 bankruptcy attorney can help you.

At The Law Firm of Eric M. Wilson, LLC, we represent a wide variety of individuals and families throughout the Tuscaloosa, Alabama, area in all matters of bankruptcy. We can help you develop the repayment plan that fits within your means.

Chapter 13 vs. Chapter 7

Unlike Chapter 7 bankruptcy, Chapter 13 reorganizes all qualifying debts into a manageable payment plan to be paid off in monthly installments over three to five years. Qualifying debts include:

  • Credit card debt
  • Medical bills
  • Personal loan debt
  • Unpaid income taxes
  • Past-due court-ordered judgments, such as child support or alimony
  • Past-due mortgage payments
  • Other unsecured debts

Instead of paying each individual creditor, you pay directly to the bankruptcy trustee, who distributes the payment to each creditor named in the plan. Once the payment period is complete, all remaining debt in the plan is completely discharged.

Why Choose Chapter 13 Bankruptcy?

Chapter 13 works well for those who have a steady source of income but are still struggling with debt. It also allows you to make one monthly payment to multiple creditors, leaving more money left over for life's other necessities.

As a form of consumer bankruptcy, Chapter 13 stops all creditors from contacting you to collect on debts until the plan is complete. It also prevents creditors from assigning additional late fees on outstanding debts and raising interest rates.

Many people like Chapter 13 because it can also stop foreclosure on a home. In certain qualifying cases, you can strip off a second mortgage through the plan if the amount owed on your first mortgage is greater than the market value of your home. Our lawyer will analyze your situation and help you make informed decisions about how to protect what matters most to you.

Our goal is to help you find the right option to obtain the debt relief you need. To discuss your concerns in a free initial consultation, contact us by calling 205-409-0056 or toll free at 877-504-7101.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.