Bankruptcy

In 2009, over 1 million Americans filed personal bankruptcy. Filing bankruptcy can be a difficult decision to make. Financial problems place a great deal of stress on families and households. Often the only solution a person can find is to file for personal bankruptcy. Our bankruptcy lawyers understand the stress you are under. Bankruptcy can sometimes be overwhelming, but we will be with you all the way. We will explain the bankruptcy laws to ensure a smooth bankruptcy process. At the Huntsville, Alabama law office of Ferguson & Ferguson we understand your anxiety about your financial situation and offer you solutions. Our policy is to provide personal, one-on-one service, throughout the entire process. Your calls and questions are our primary concern and your comfort during the process is our mission.

Ferguson & Ferguson’s experienced bankruptcy attorneys will help protect clients’ rights and property. Our bankruptcy lawyers can keep creditors at bay and help clients keep their home, vehicles and other property. Our bankruptcy attorneys are committed to providing clients with immediate debt relief and with assistance in starting over.

Chapter 7 and Chapter 13 bankruptcies are the most common consumer bankruptcy types. Chapter 7 bankruptcy involves liquidation and distribution of assets to creditors. Chapter 13 bankruptcy involves rehabilitation and government protection.

On April 20, 2005, President Bush signed into law the Bankruptcy Abuse Prevention and Consumer Protection Act. These new bankruptcy laws, which will make it much harder for people seeking bankruptcy relief to wipe out their debts, will take effect October 17, 2005. Many of the previous cases which were eligible for Chapter 7 bankruptcy relief will now have to be filed as Chapter 13 bankruptcies. This will require debtors to pay back a portion of their debts through a Chapter 13 bankruptcy plan. Additionally debtor’s will be required to complete a course in financial management prior to getting a Chapter 7 discharge.

Our lawyers keep abreast of ever-changing federal bankruptcy laws and provide our clients with the best, most current advice. Call Ferguson & Ferguson. We can help you in Cullman, Decatur, Scottsboro or Huntsville Alabama with your debt.