Bankruptcy doesn't have to be something bad.
It can actually be the start of something good.
Your situation is unique, and it's personal.
Your attorney should be as well.

Protected Assets in Chapter 7 Bankruptcy

Filing for Chapter 7 bankruptcy may seem scary because it involves liquidating your assets. However, this sounds harder than it actually is because, under Arizona’s bankruptcy laws, there are certain items that are protected from liquidation.

In most cases, liquidating assets does not mean you will lose your home and car. This is because Arizona’s protected assets include real estate that is valued up to $150,000 and a car that is worth up to $5,000. In addition to these items, $4,000 worth of household items, such as furniture, and personal clothing and jewelry may be retained during liquidation.

Because of these protected assets, you can still maintain a normal lifestyle while liquidating your assets and reorganizing your finances. If you are considering filing for Chapter 7 bankruptcy and would like more information, please contact the Birmingham Chapter 7 bankruptcy lawyers of Greenway Bankruptcy Law, LLC, at (205) 324-4000.

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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
Tuscaloosa: (205) 737-3350
Gadsden: (256) 467-6650

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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Greenway Bankruptcy Law, LLC 505 20th St N #1220, Birmingham, AL, 35203 | Phone Number: (205) 324-4000 |  Directions | Paula Greenway+