Bankruptcy Is A Solid Solution For Many Who Are In Debt

Debt problems can happen to anyone. A divorce, a serious injury that keeps you from working or an extended period of unemployment can leave you facing a mountain of debt with no means to pay it. If you have missed mortgage payments and are being threatened with foreclosure, or if other creditors are aggressively pursuing payment, it is past time to consult with a knowledgeable foreclosure defense and bankruptcy attorney who can help.

The attorneys at The Mims Firm, P.C., assist individuals with bankruptcy, loan modifications and other means of resolving personal debt. We have extensive experience and insight regarding a variety of ways to resolve debt matters, including Chapter 7 and Chapter 13 bankruptcy.

There Is No One-Size-Fits-All Solution

Because everyone's situation is unique, we are careful to develop a strategy that best suits your objectives. If you wish to stay in your home and have the means to catch up on past-due mortgage payments, we will work to structure an agreement with your lender that allows you to do so. This may involve filing for Chapter 13 bankruptcy or simply agreeing to a loan modification.

If you are unable to make mortgage payments, Chapter 7 bankruptcy may be a better solution. In Chapter 7, many of your assets are liquidated and most of your unsecured debt — credit card debt, car loans, personal loans and a mortgage — is discharged.

Don't Forfeit Assets You Are Allowed To Keep

In most bankruptcies, personal exemptions are allowed that let individuals keep certain assets. However, many individuals who try to navigate the process on their own forfeit too much because they do not fully understand their rights. You can hold on to your retirement accounts and many other important assets. Our knowledgeable bankruptcy lawyers will help you protect what is rightfully yours.

We welcome the opportunity to answer your questions about bankruptcy and determine what the best solution is for you. Call 251-272-3761 to schedule a consultation. We work with clients in Greater Mobile and throughout southwest Alabama.

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