North Carolina Chapter 13 Bankruptcy Lawyer
It’s common knowledge that filing for bankruptcy means you have bills and/or outstanding debt that you can no longer pay. While bankruptcy does not make these issues go away, it can provide some much-needed breathing room as you plan your next steps. The confusing part regarding bankruptcy is figuring out which version or “chapter” is appropriate for your situation.
Chapter 13 is a type of bankruptcy that everyday wage earners file if their income can no longer cover their debts. Again, it’s important to remember that filing for bankruptcy doesn’t mean you no longer owe any money. It allows you the opportunity to develop a payment plan that works for you. Your attorney will work with your debtors and agree upon a monthly payment that you can afford to make.
Hire an Expert Chapter 13 Bankruptcy Attorney
Contact Ivey McClellan for legal representation today!
How Does Chapter 13 Work In North Carolina?
If you are eligible for Chapter 13 bankruptcy, your first step is to partner with an experienced law firm that understands your state’s bankruptcy codes. They will review your current financial situation and create a plan that protects your most valuable assets. In other words, the right attorney will understand local bankruptcy laws and can make sure your creditors cannot seize your primary residence when trying to collect on a debt.
You and your attorney will work out a repayment plan that works for all of your creditors. They will also notify these companies on your behalf that you are working to pay off your debt. This will stop creditor harassment and give you the breathing space you need to begin paying off your debt.
How Do You File For Chapter 13 Bankruptcy in North Carolina?
We highly recommend meeting with a member of our experienced bankruptcy team of attorneys before declaring Chapter 13 bankruptcy. Once the consultation is complete and we have ascertained that a bankruptcy filing would be in your best interests, the first step will be to analyze both your debt situation and the current value of your assets. In this instance, assets primarily refer to any accounts, valuables, or properties you own.
The main reason we advise partnering with an experienced bankruptcy attorney is the number of complicated forms you have to fill out when filing. The last thing you want to do during this proceeding is complete a form incorrectly and start from the beginning again. Also, the court may require you to enroll in credit counseling prior to filing to ensure you understand how to avoid going back into debt.
How Our Bankruptcy Attorneys Can Help You Navigate Through Filing For Chapter 13 Bankruptcy
Our team of bankruptcy attorneys has spent years helping residents of Greensboro and its surrounding area when it comes to filing for bankruptcy. North Carolina residents work with us because we understand the state bankruptcy laws better than anyone else. We have seen it all and are prepared to help you every step of the way when it comes to filing for bankruptcy and paying back your creditors.
We strive to achieve two main goals when working with a client who is filing bankruptcy. First, we aim to be your partner and support system throughout the entire process. You can breathe easier knowing that you have an experienced team of bankruptcy lawyers fighting on your behalf. Second, we aim to understand your situation and develop a strategic debt repayment plan that allows you to pay off your debtors while continuing your quality of life at the same time.
Our staff of experienced attorneys is ready to help you with the entire bankruptcy process including:
- Submitting an official bankruptcy petition to begin the bankruptcy filing process
- Filling out the various bankruptcy forms including key information regarding your various debts, income, property, and expenses
- Finding a nonprofit agency that offers credit counseling sessions you can attend
- Developing your personalized repayment plan to satisfy your creditors and stop harassing collection phone calls
- Representing you during a confirmation hearing with the federal bankruptcy court
- Guiding you through your repayment plan over the course of 3-5 years
- Working with the bankruptcy trustee who will be assigned to your case and will be responsible for collecting and distributing your monthly payments to your creditors
Choosing Ivey McClellan As Your Chapter 13 Bankruptcy Lawyer
Ivey Mclellan has been the top choice when it comes to bankruptcy attorneys in Greensboro and its surrounding areas. Residents trust us because they know we specialize in North Carolina bankruptcy law and codes. We have worked hard to develop a reputation for providing expert guidance and support for anyone starting the bankruptcy process. We have helped countless residents pay back their debts while avoiding foreclosure on their homes or wage garnishment.
The reason you would want an experienced bankruptcy lawyer is relatively simple. Bankruptcy proceedings are long and complex. There are several moving parts including complicated forms, court hearings, approval processes, and debtor agreements. Going it alone opens you up to serious risks and decreases your chances of getting the type of repayment plan that would work best for you.
Schedule Your Free Chapter 13 Bankruptcy Consultation
We invite anyone considering filing for bankruptcy to schedule a free consultation with a member of our team. One of our experienced bankruptcy attorneys will sit down with you to review your entire situation. They will answer any questions you may have and walk you through the process.
The goal of this free consultation is to provide you with the information and confidence you need to make the right decision moving forward.
Please fill out the form below to schedule an appointment with a member of our team today.