An Auburn Bankruptcy and Tax Law Attorney Who Focuses on You
Helping you navigate your way through the Bankruptcy Code
James E. Cox has the knowledge and experience necessary to get results. He has represented individuals and business owners alike who are facing bankruptcy issues as a result of divorce, taxes and today’s struggling economy.
He understands your needs and goes the extra mile to deliver unparalleled services for your bankruptcy claims. When you need an accomplished bankruptcy attorney on your side helping you determine the best choices for your financial situation, contact James E. Cox of Auburn, Alabama.
James E. Cox concentrates in the following areas of bankruptcy:
- Divorce and related financial issues
- Business bankruptcy
- Chapter 7 and 13 bankruptcy
- Tax law
What you need to know
James E. Cox is a debt relief agent and attorney at law who helps people file for bankruptcy relief under the Bankruptcy Code. He makes sure you have the information you should know about on hand before filing for bankruptcy.
The new bankruptcy law
With today’s bankruptcy laws, the landscape has changed for those who are considering bankruptcy. Some filers with higher incomes will not be allowed to use Chapter 7 but will instead have to repay at least some of their debt under Chapter 13. All debtors will require credit counseling before they can file a bankruptcy case — and additional counseling on budgeting and debt management before their debts can be wiped out. And, because the law imposes strict requirements on lawyers, it may be difficult to find an attorney to represent you in a bankruptcy case.
James E. Cox, Attorney at Law, is up on the latest developments in bankruptcy law and can provide effective bankruptcy legal counsel to individuals and businesses in the Auburn, Alabama area.
Determining your income: If your income is less than or equal to the median, you can file for Chapter 7. If it is more than the median, you must pass the means test in order to file for Chapter 7.
The means test: To find out whether you pass the means test, you subtract certain allowed expenses and debt payments from your current monthly income. If the income after these calculations is below a certain amount, you can file for Chapter 7.
Here are some of the most important changes:
Restricted eligibility for Chapter 7: Under the old rules, most filers could choose the type of bankruptcy that was best for them. The new law will prohibit those with higher incomes from using Chapter 7.
Get the help you need from an experienced attorney
Gain a greater understanding for the ever-changing world of bankruptcy law by contacting the law office of James E. Cox today in Auburn, Alabama.
Disclaimer
No representation is made that the quality of legal services to be performed is greater than the quality of legal services to be performed by other lawyers. In compliance with IRS Circular 230 requirements: Any statements, transactions or tax advice contained in this website are not intended to be used and cannot be used by the recipient or any other party for the purpose of avoiding any penalty that may be imposed under the Internal Revenue Code.
