Triad Bankruptcy and Foreclosure Assistance
When debts become unmanageable, legal help is available through the bankruptcy process. An emergency bankruptcy petition may be filed within as little as 24 hours. As soon as the petition is filed, creditor harassment must cease. Continued harassment can lead to stiff penalties and our firm will vigorously protect your rights.
Bankruptcy gives protection and breathing room to individuals and businesses facing dire financial circumstances. Find out whether bankruptcy makes sense in your specific circumstances — contact the North Carolina law firm of Hartsoe & Associates, P.C., for a free initial consultation.
Chapter 7 and Chapter 13 Bankruptcy
Different forms of bankruptcy may be available, depending on your situation.
Chapter 7 bankruptcy often makes sense for people who are drowning in debt from sources like credit cards and medical bills, but have managed to keep up to date on their mortgage payments.
If you qualify for Chapter 7 bankruptcy, your unsecured debts will be forgiven and the slate will be wiped clean. If you are current on your mortgage payments, Chapter 7 bankruptcy proceedings will have no effect on your home ownership.
Businesses as well as individuals may be able to use Chapter 7 bankruptcy to liquidate unmanageable debt.
Chapter 13 bankruptcy often makes sense for people who have fallen behind in their mortgage payments. Sometimes called the "wage earner bankruptcy plan," Chapter 13 bankruptcy can still erase your unsecured debts, depending on your income. The bankruptcy court judge will examine your income and your debts and rearrange your debt payments into a more manageable structure. Chapter 13 bankruptcy can sometimes be used as a defense to a foreclosure action against your home. In the end, if you have enough income to pay your house payment or car payment plus an amount to repay the amount you are behind, but not enough to pay your unsecured debts, the court may still approve your Chapter 13 plan.
Even if your house has already been sold at sheriff's auction, a Chapter 13 bankruptcy proceeding may still give you the leverage needed to renegotiate a debt repayment plan with your mortgage lender.
For additional general information about bankruptcy, visit our Bankruptcy FAQ.
Get Advice About Bankruptcy From Compassionate Attorneys
The decision to file for bankruptcy requires serious thought and financial planning. Bankruptcy is not for everyone, but for some people bankruptcy may be the best way to regain your financial footing.
At Hartsoe & Associates, P.C., we offer legal advice about bankruptcy that is focused on your best interests. We are interested in identifying the best course of action for you and your family — not in merely collecting legal fees.
We offer free, no-pressure consultations to individuals and business owners with questions about the advantages and disadvantages of filing for bankruptcy.
To schedule a confidential meeting with one of our lawyers, call toll-free 888-725-1985 or contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
