jacksonville north carolina bankruptcy lawyer

North Carolina Bankruptcy Lawyers

It all depends on your current situation. Without a doubt, filing for bankruptcy can be a lifesaver when in serious debt. It will wipe the slate clean, stop collection phone calls and letters, and give you a fresh new start. Almost any type of consumer debt can be discharged, such as credit card bills and medical debt, which are dischargeable via bankruptcy. The majority of people get to keep all of their property, including their house and car. But, whether to file for bankruptcy, when to file, and how-to file are all extremely important things you need to consider. The financial circumstances, future expectations, and personal expectations of each individual need to be carefully assessed. It also depends on what type of debts you have. If most of your debt is non-dischargeable (most tax debts, student loans, child or spousal support, etc.), then Chapter 7 bankruptcy, at least, may not be the best option. But Chapter 13 bankruptcy could be a good solution. Ultimately, of course, the decision whether to file for bankruptcy must be made by the individual or couple, not by friends, family, or a lawyer. 

With that in mind, we recommended that those considering bankruptcies consult with a qualified bankruptcy attorney before making this decision. The bankruptcy laws themselves can be complex and are poorly drafted, and have been interpreted differently depending on the jurisdiction. The required forms are numerous and require accurate, detailed current information.  A good attorney will never try to “rush” his or her potential client to file for bankruptcy. Instead, the attorney should thoroughly evaluate the circumstances of the client and explain the bankruptcy process, including the pros and the cons. Only in this way can people considering bankruptcy make the best decision for themselves and their families. Of course, there are scenarios in which, even if you have fallen behind on your bills and accumulated significant debt, bankruptcy may not be the best option. However, if you can answer yes to some or many of the following questions then bankruptcy may indeed be a good option for you. 

Are you significantly behind on your credit card payments or other payments? Has your credit card company or another creditor/debt collector sent you a default notice, or threatened to sue you? Has a creditor assigned your debt for collection? Are you being sued by a debt collector or its attorney? Do you have judgments against you for unpaid debts? Are your wages being garnished or threatened with garnishment? Have you recently lost a job, suffered an illness or a disability, and had debts pile up? Are you stressed out about your debts and concerned about your ability to pay them? Have you incurred significant medical bills that you are afraid you will not be able to pay? Has the stress of your debts caused arguments or turmoil in your personal life? Are debt collectors calling you, sending you letters, or harassing you? Do you need to free up money that you are paying to your creditors so you can afford your basic living expenses like mortgage/rent, food, and support for your family? 

If you or someone you know are having financial difficulties and might benefit by consulting a bankruptcy attorney, call King Law Firm today and speak with a lawyer. (855) 205-9940

Contact King Law Firm today to schedule a consultation at (855) 205-9940