Bankruptcy Exemptions in Huntsville

What are Bankruptcy Exemptions?

Huntsville Bankruptcy Attorneys | Crumbley, Blackwell, Wisda & Associates, P.C.

When filing for bankruptcy, the government has created several exemptions which allow you to keep your personal belongings and property from seizure. The fact that you are in debt, and cannot repay the money owed, does not mean that you should be left with nothing and destitute.

If you find yourself in a situation which may require you to file for bankruptcy, please consult with an experienced and highly reputable Huntsville bankruptcy firm like Crumbley, Blackwell, Wisda & Associates, P.C. to develop a strategy to save your property and belongings before it is too late. If you live in Huntsville, Decatur, Madison, Athens, or surrounding communities in North Alabama we are ready to help you relieve your debt and get your financial life back in order.

What Can I Keep in Bankruptcy?

Here's a general overview of what can be saved from collections if you file for a Chapter 7 bankruptcy in Alabama, and you meet the means test requirements:

  • Your car
  • Your home
  • All of your appliances
  • Personal belongings such as furniture, clothing, jewelry, etc.

Fortunately, the bankruptcy rules have forbidden the possibility of stripping consumers of all their worldly goods and belongings. Bankruptcy is a way for individuals to climb out from under their debt, and get a fresh start again. Loss of income, sickness, medical bills, and other unforeseen tragedies can cause great financial distress. Without the proper guidance and legal knowledge of an experienced bankruptcy attorney, you could be left with nothing.

Schedule a Bankruptcy Consultation

Contact us today to schedule a consultation regarding your situation. We would be glad to answer all of your questions involving debt restructuring under Chapter 13 or the discharge of your debts under Chapter 7. Let us help you decide what the best options are for your financial situation.

At times, debt settlement, rather than bankruptcy, may be the most advantageous strategy.  Call (256) 539-4464 to schedule a consultation with one of our knowledgeable bankruptcy attorneys and get the peace of mind you deserve.

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