Is Filing for Bankruptcy a Good Choice?
In some situations, filing for bankruptcy under the U.S. Bankruptcy Code is the best option to protect your financial interests, erase your debt, and give you the chance to start over. If you feel like you are drowning in debt, it is worth speaking with an experienced bankruptcy attorney to find out what your options are.
What Is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?
Under U.S. Bankruptcy Code, there are two types of bankruptcy that an individual can file under: Chapter 7 and Chapter 13. I have extensive experience in handling both types of bankruptcy claims and should we determine that bankruptcy is the right path for you, I can help you decide which of these options best fits your need and goals. The primary differences between Chapter 7 and Chapter 13 include: Chapter 7: While not all types of debt can be cleared under Chapter 7, most credit card debt, medical bills, tax arrears and other consumer debt is eliminated. This type is not available to everyone, and you should speak with a lawyer to find out if you qualify. Chapter 13: Unlike Chapter 7, everyone is qualified to file for Chapter 13 bankruptcy. Under Chapter 13, your debt is consolidated, and you are given a court-supervised three- to five-year repayment plan. All types of debt are included in Chapter.
My Creditors Are Harassing Me. Can You Make It Stop?
Under the federal Fair Debt Collection Practices Act (FDCPA), restrictions are placed on creditors and their collection agencies regarding the methods they use to intimidate you into paying. Furthermore, false or inaccurate reporting to Equifax, Experian, TransUnion, or other credit reporting agencies can cause you financial harm, and if this has happened to you, you may have grounds to sue. If creditors are harassing you, it’s important to know that you are not alone. I can help.
My Wages Are Being Garnished. Can You Help?
While wage garnishment is a legal action, and many creditors utilize this to secure money owed them, filing for Chapter 7 or Chapter 13 bankruptcy can stop that process. If creditors or collection agencies are garnishing your wages, it is a good idea to speak with an attorney familiar with bankruptcy filing in North Carolina to discuss if this is a good option for you.
Want to Learn More? Schedule a Free Bankruptcy Consultation with Me Today
I come from a blue-collar, middle-class background and I am no stranger to financial struggles. I know how hard it is to work tirelessly and still feel like financial security is out of reach. I believe everyone deserves the chance to prosper and I am committed to helping my clients across North Carolina get the dedicated, compassionate legal representation they deserve. If you are struggling with debt, there is hope. To learn more about my debt relief services and bankruptcy services, call Blossom Law PLLC at (704) 271-9078.