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ABOUT US
The legal team at Fenny & Fenny LLC is at your service. We offer reliable advice and representation in legal matters concerning a variety of disciplines. Learn more about the legal practice and its fields of focus.
BANKRUPTCY LAWS
At Fenny & Fenny LLC, we understand that facing bankruptcy can be overwhelming. Our experienced attorneys are here to guide you through Alabama’s bankruptcy laws and help you find the best path to financial recovery.
Understanding Bankruptcy in Alabama
Types of Bankruptcy:
- Chapter 7: Liquidation bankruptcy for individuals and businesses
- Chapter 13: Reorganization bankruptcy for individuals with regular income
Alabama Bankruptcy Courts:
- Northern District: Birmingham, Tuscaloosa, Decatur, Anniston
- Middle District: Montgomery, Dothan, Opelika
- Southern District: Selma, Mobile
Chapter 7 Means Test in Alabama:
- Median income for 1 person: $49,191 (as of 2021)
- Median income for family of 4: $80,845 (as of 2021)
Key Alabama Bankruptcy Laws:
- Alabama Exemptions: Protects certain assets from liquidation
- Credit Counseling Requirement: Must complete before filing
- Automatic Stay: Stops creditor collection efforts upon filing
Our Bankruptcy Services
- Chapter 7 Bankruptcy
- Means test analysis
- Asset protection strategies
- Debt discharge guidance
- Chapter 13 Bankruptcy
- Repayment plan development
- Debt reorganization
- Home foreclosure prevention
- Bankruptcy Alternatives
- Debt negotiation
- Loan modifications
- Credit counseling referrals
Why Choose Fenny & Fenny LLC?
- In-depth knowledge of Alabama bankruptcy laws
- Personalized approach to each client’s financial situation
- Clear communication throughout the bankruptcy process
- Affordable fees and payment plans available
- Free initial consultations
The Fenny & Fenny LLC Bankruptcy Process
- Initial Consultation: We review your financial situation and discuss options.
- Means Test Analysis: We determine your eligibility for Chapter 7 or Chapter 13.
- Credit Counseling: We guide you through the required pre-filing counseling.
- Petition Preparation: We prepare and file all necessary bankruptcy documents.
- 341 Meeting of Creditors: We represent you at this required meeting.
- Debt Discharge: We ensure all eligible debts are properly discharged.
Alabama-Specific Bankruptcy Considerations
- Alabama Homestead Exemption: Up to $15,500 in home equity protected
- Vehicle Exemption: Up to $7,750 in vehicle equity protected
- Personal Property Exemptions: Various protections for household goods, tools of trade, etc.
Maximizing Your Bankruptcy Benefits
We help you:
- Protect your assets to the fullest extent allowed by Alabama law
- Discharge eligible debts while retaining essential property
- Develop a realistic repayment plan in Chapter 13 cases
- Rebuild your credit post-bankruptcy
Don’t let financial stress overwhelm you. At Fenny & Fenny LLC, we have the knowledge and experience to guide you through Alabama’s bankruptcy process and help you achieve a fresh financial start.
Contact Fenny & Fenny Today
If you’re considering bankruptcy in Alabama, don’t wait. Contact Fenny & Fenny LLC for a free, confidential consultation:
Phone: +1 205 3831617
E-mail: fenny@fennylaw.com