Northeast Alabama Chapter 7 Bankruptcy Lawyers

Representation at the Lowest Price in the Calhoun, Talladega, Etowah, Marshall, Dekalb, Cleburne, Clay, St. Clair & Cherokee Counties.

At Cobb Law Firm, LLC, we have been helping clients through bankruptcy for decades. We know the ins and outs of Alabama’s bankruptcy process, and our main goal as a law firm is to guide clients comfortably and confidently to financial security. We also offer bankruptcy services at the lowest price in Northeast Alabama for our clients’ convenience. After all, you are already overwhelmed by financial turmoil, and enlisting legal help should not add to that stress.


Our fee to file starts as low as $575! Call Cobb Law Firm, LLC at (256) 254-5525 to chat with us about the details of your situation. Let us help you get out of debt!


 

What Is Chapter 7?

Individuals and business entities are eligible to file for Chapter 7 bankruptcy. For instance, individuals may file Chapter 7 to free themselves of debt, or businesses may complete a Chapter 7 bankruptcy to terminate their business. Chapter 7, also referred to as “straight bankruptcy,” does not involve filing a repayment plan, as is the case for Chapter 13

Who Can File Chapter 7?

The first part to determine your eligibility for Chapter 7 bankruptcy, is a process which is referred to as the “means test.” The “means test” is designed to determine whether you can afford to pay back your creditors. Individuals with  high income will not qualify for a Chapter 7 bankruptcy. 

Chapter 7 eligibility is also determined by the value of your assets. State law provides certain protections for your home, vehicles, and personal property but sometimes if they are very valuable or have no liens against them, it can cause problems in a Chapter 7 case. 

Lastly, you are ineligible for a Chapter 7 if you have a recent Chapter 7 discharge.

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Non-Dischargeable Debts

Keep in mind that Chapter 7 bankruptcy may not discharge all debts. Certain debts that cannot be discharged include those related to alimony, child support, fraudulent debts, and student loans, as well as certain back taxes. That being said, some of the common debts that can be discharged in a Chapter 7 bankruptcy include large credit card debts and medical bills. 

Call (256) 254-5525 for Professional Guidance

If you seek to file for Chapter 7 bankruptcy in Alabama, reach out to Cobb Law Firm, LLC for experienced and informed guidance. Bankruptcy law is our bread and butter. We are deeply familiar with the bankruptcy filing process, especially for those in our local community. We aim to keep our prices low for your financial health and convenience. Let us help you out of your financial rut ASAP. 


Protect your today and your tomorrow; call our office at (256) 254-5525 to speak with a member of our team and discuss your legal options.


 

We Maintain The Lowest Cost of Representation in Northeast, AL We offer clients affordable and attainable legal help during what can feel like an overwhelming time. We serve the Calhoun, Talladega, Etowah, Marshall, Dekalb, Cleburne, Clay, St. Clair and Cherokee Counties.

Find Peace of Mind at a Low Cost

  • File debt consolidation bankruptcy with $0 down.
  • File Debt relief bankruptcy starting at $575.
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