Debt Relief Awaits From a Bankruptcy Attorney Serving High Point, NC

In just one day, your life can change without warning. You showed up for work only to learn your job is being made redundant. Your steady income is gone, and unemployment doesn’t cover the bills. You never expected to interview for dozens of positions and get turned down every time.

Your child’s illness required a hospital stay. Medical insurance only covers a fraction of the bills. You struggle with excessive medical debt, and it’s become impossible to keep up with your car payment and mortgage without driving up debt on credit cards.

As your credit score decreases, your interest rate soars. You’ve reached a point where you don’t know how to cover necessities. This is all it takes to get too deep into debt.

Businesses also face financial difficulty. Your company was going strong until supply chain issues or tariffs drove up prices. Consumers don’t want to pay the increased cost, so your sales plummet. You’re struggling to stay solvent. A bankruptcy attorney helps High Point businesses and individuals navigate the complexities of bankruptcy.

Excessive Debt in High Point, NC? You’re Not Alone

North Carolina Middle District bankruptcies continue to climb slowly. In September 2025, the United States Bankruptcy Court received 190 bankruptcy filings, up 40 cases from 2024. That’s just bankruptcies.

A WalletHub study found that the Winston-Salem area experienced the most significant increase in debt in 2025. Average debt in this region topped $12,100. While high levels of debt make you feel alone, you’re not the first person in need of help getting control of your finances.

It’s not just individuals, either. The American Bankruptcy Institute reports commercial bankruptcy filings increased by 16% in 2025. Bankruptcy lawyers understand and help both businesses and individuals in High Point find a way out.

Expert Guidance From an Expert Bankruptcy Law Firm

Sometimes, debt consolidation is enough to help people through difficult financial times. Bankruptcy is also possible, depending on the situation.

Chapter 7 Bankruptcy

Known as a liquidation bankruptcy, your debt is eliminated without losing personal property or having to repay any portion of the money owed. It gives you a fresh start and ends all calls from collection agencies and creditors. Both individuals and businesses qualify.

Chapter 11 Bankruptcy

Known as a reorganization bankruptcy, this type of bankruptcy allows you to repay your creditors while keeping your assets. It’s also available for both individuals and businesses.

Chapter 13 Bankruptcy

Also known as a reorganization bankruptcy, this type of bankruptcy allows your bankruptcy attorney to establish a payment plan that spans 3 to 5 years. It’s available for individuals and married couples.

Agricultural Bankruptcy

Farmers qualify for agricultural bankruptcies. There are options for a farm’s liquidation or reorganization that allow the farmer to keep their land in bankruptcy.

Consumer Bankruptcy

Consumer bankruptcies are available to individuals and married couples with non-business debt. Debts are legally discharged, giving you a chance to start over. It does impact your credit score and credit report.

Business Bankruptcy

Commercial or business bankruptcies are available for businesses, including corporations and limited liability companies (LLCs). There are options for restructuring or discharging all debts.

Our Bankruptcy Lawyers Help Individuals and Businesses in the High Point Area

Ivey McClellan’s bankruptcy attorneys offer legal guidance to all High Point residents and business owners from two convenient locations. We have offices in Eden and Greensboro, NC.

High Point residents and business owners can reach our bankruptcy law firm by calling (336) 274-4658 (Greensboro office) or (336) 623-4600 (Eden office).

If it’s more convenient, complete our online contact form. A bankruptcy attorney will reach out as quickly as possible to help you resolve your financial struggles.