Gastonia Bankruptcy Lawyer

Gastonia Bankruptcy Attorney Serving North Carolina

It is nearly impossible to exist in modern society without accruing some type of debt. Whether it is credit card debt, an auto loan, a mortgage, or crushing medical bills, debt can quickly build up to a point where it is nearly impossible to get out of on your own. It can happen to anyone. Luckily, bankruptcy is available as a solution to overwhelming debt. Filing for bankruptcy can bring a halt to all attempts by your creditors to collect on your debts, and it can put you on the path to long-term financial recovery.

Blossom Law PLLC is highly skilled at helping people whose debts have become insurmountable. We will begin with a thorough review of your debts and assets to determine whether bankruptcy is the right answer for you, and if so, which type would serve you best. Our attorneys are committed to helping families and individuals resolve their debt through bankruptcy.

Immediate Relief from Debt Collection

If you are at imminent risk for repossession or foreclosure, filing for bankruptcy can protect your home or car. When we file on your behalf, one of the first things the court will do is issue a stay order stopping all attempts at collection while your case is being addressed.

Chapter 13 Bankruptcy Lawyer in Gastonia

Chapter 13 bankruptcy is more like consolidating and restructuring your debts. There is no liquidation, but the tradeoff is that you will need to keep making payments to offset your debts. We will help you work with your creditors to establish a partial repayment plan. These plans last a set number of years, usually three to five, and you will make a single monthly payment that roughly equals your disposable income. At the end of that term, the rest of your debt is forgiven.

Gaston County Law Firm for Chapter 7 Bankruptcy

In Chapter 7 bankruptcy, some - but not all - of your assets will be liquidated to pay off your creditors as much as possible. This process is not as painful as you might think. North Carolina is one of the more generous states when it comes to allowing you to keep certain assets during bankruptcy. In most cases, some home equity, a personal vehicle, items you need for work, and your retirement account are safe.

Blossom Law PLLC will be there to fight for you to keep as much of your property as possible during this process. Your life after bankruptcy may be better than you think.

Bankruptcy and Divorce Attorneys in Gastonia

If you know that you are going to go through bankruptcy and divorce around the same time, you will need an attorney who is experienced in addressing this particular situation. Timing is everything - either case can greatly complicate the other if they are not filed in the right order. You should also know that domestic support obligations, like child support or alimony, cannot be discharged in bankruptcy.

Legal Help With Bankruptcy for Small Businesses

Filing for bankruptcy as a business owner does not mean that you have failed. Quite a few successful business owners have a bankruptcy or two in their history. In many cases, it is possible for your company to survive a bankruptcy. Blossom Law PLLC will start by evaluating your company's finances to determine the best course of action.

Contact a Gastonia Bankruptcy Lawyer

Blossom Law PLLC is highly skilled at getting individuals, families, and small businesses through bankruptcy as quickly and painlessly as possible. We will strive to accomplish your goal of a new, debt-free life however we can. Contact us online or call 704-256-7766 for a free consultation.