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.

Can I Mix Exemptions?

In some circumstances, a person filing for Chapter 7 bankruptcy may have to liquidate some assets in order to repay creditors. Fortunately, a person can use exemptions set up by the government to protect important assets. However, in some instances, one exemption may not be enough to help a person save his or her home or another expensive asset, and a bankruptcy filer will need to use multiple exemptions.

To discuss your exemption options further with an experienced attorney, contact the Birmingham bankruptcy lawyers of Greenway Bankruptcy Law, LLC, at (205) 324-4000 today.

Using Exemptions Together

An important feature provided by federal and state governments is the ability to overlap exemptions in necessary situations. Often, a bankruptcy exemption will not fully cover a piece of property, leaving that property at the mercy of the court and the debtor’s creditors.

However, a debtor may be able to use multiple exemptions on a single piece of property to protect their holdings. The following reminders are important for debtors thinking about using exemptions:

  • Exemptions may be boosted by using multiple exemptions for one property
  • Some exemptions may not be eligible for use together to protect a property
  • All exemptions still need to be properly filed

Filing for a bankruptcy exemption can be extremely confusing, so it is important that you work with an experienced attorney to avoid unnecessary complications.

Contact Us

If you are burdened by substantial debt, bankruptcy may be the best option for you. To learn more about what bankruptcy options you may be eligible for, contact the Birmingham bankruptcy attorneys of Greenway Bankruptcy Law, LLC, today by calling (205) 324-4000.

"When I had my power cut off because I just didn't have the money to pay the power bill, a friend suggested I call Paula Greenway. From the moment I walked in her office I felt like a burden was lifted from my shoulders."
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"I would just like to say that I was impressed by the staff of Greenway Bankruptcy Law, LLC and their attention to professionalism. They made the bankruptcy process not only pleasant but simple."
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I can't tell how comforting it is to know your attorney is working on your case. I would and have recommended their service to friend and associates."Ed H.
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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