Bankruptcy Attorney Serving Greensboro, NC
Searching for an experienced bankruptcy attorney in Greensboro, North Carolina and choosing the best firm can be a challenge. Here at Ivey McClellan, we make it easy by offering Greensboro residents premier bankruptcy services and counseling as our specialty.
Whether you are filing bankruptcy and need a Chapter 7 bankruptcy lawyer, or you simply need assistance differentiating between Chapter 7, Chapter 11, and Chapter 13 bankruptcy, our team of experts are here for you. We are conveniently located in downtown Greensboro, NC at the corner of Elm Street and East Market Street. We are the skilled team of seasoned bankruptcy attorneys to help you navigate the complex challenges of personal and business bankruptcies.
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What Makes Us Your Ideal Choice For a Bankruptcy Attorney in Greensboro?
While there is an overwhelming number of attorneys in Greensboro and surrounding Triad Area, the experience of our team makes Ivey McClellan the easiest and best choice. For any individual, business, or organization looking for help with filing bankruptcy in North Carolina, you need a team of professionals who can guide you through each step of the process. Bankruptcies are oftentimes complex and by having a knowledgeable attorney on your side, you can get the relief you deserve.
For over 70 years Ivey McClellan has represented clients in all areas of bankruptcy law. We are a proven solution for financial problems in and around Greensboro. We help our clients understand that filing for bankruptcy means life after bankruptcy can be much better and simpler than it was before.
We work to help any debtor who can avoid bankruptcy do so with the wealth of strategies we have honed over years of working with North Carolina’s bankruptcy laws. We take the time to customize solutions for our clients to ensure they are well prepared when they decide to declare bankruptcy. Our bankruptcy law firm is committed to helping clients succeed during and after the bankruptcy process. We do not simply provide you with bankruptcy forms and leave you stranded. We commit ourselves to doing everything we can to truly make a difference in your case and your life.
We have worked diligently to build a reputation in the Greensboro area for going the extra mile for our clients. We are skilled in bankruptcy law and even more than that, we work tirelessly to help our clients get out and stay out of debt. We do not think simply providing free consultations and generic advice is good enough. We strive to do more. From speaking with the bankruptcy judge on your behalf, to helping prevent wage garnishment by predatory creditors, we are the team that you can count on to take care of everything you need. For more information and guidance about filing for bankruptcy and bankruptcy options, please contact our team today.
What You Need to Know About Bankruptcy in Greensboro, North Carolina
At its core, bankruptcy is an official declaration that an individual or group, known as debtors, are not financially able to pay back their debts to a creditor. Bankruptcy proceedings can vary slightly from city to city. For instance, residents of Greensboro, NC may find a marginal difference in filing fees or duration of proceedings in bankruptcy court when compared to residents of New York City, NY. Although these variances may exist, It is important to know that bankruptcy is governed federally to ensure cohesiveness and uniformity no matter where you are.
As one of the Triad Area’s premier teams of bankruptcy attorneys, we advise our clients on not just the federal ramifications of bankruptcy, but also matters to consider before, during, and after filing for bankruptcy in Greensboro, NC. With the right bankruptcy attorney, individuals can make the most of North Carolina’s bankruptcy exemptions, stay on top of court requirements, understand secured and unsecured debt, and get the financial freedom they need as quickly as possible.
Understanding Chapter 7, Chapter 11, and Chapter 13 Bankruptcy
Chapter 7, also referred to as liquidation bankruptcy, is the most common type of bankruptcy in Greensboro and in general. Filing for Chapter 7 means that you must liquidate assets, though you may be able to claim exemptions in order to retain a group of assets.
A Chapter 7 bankruptcy listing remains on an individual’s credit report for 10 years, only after which it can be removed. Our Chapter 7 bankruptcy lawyers are experienced in helping our clients remove debt through Chapter 7 bankruptcy. Because filing for Chapter 7 bankruptcy can make applying for credit in the future more challenging, we also have the tools to help our clients find alternative options to apply for credit should the need arise. Additionally, enlisting the help of an experienced Chapter 7 lawyer can ensure that you qualify for all of the debt relief you deserve.
Somewhat different than Chapter 7 bankruptcy, Chapter 13 bankruptcy requires the filer to repay some of the debts owed through an approved debt repayment plan. The benefit of paying debts back under a Chapter 13 bankruptcy filing is the fact that the bankruptcy listing only remains on the filer’s credit report for seven years, as opposed to ten under Chapter 7 Different factors may impact the repayment program including the income of the individual who is filing.
Chapter 11 bankruptcy is a type of bankruptcy that typically corporations, businesses, or individuals with very high incomes will use. Chapter 11 bankruptcy allows for the reorganization of debt and allows corporations to restructure payments to creditors. Depending on the case, some businesses may be able to operate as usual while filing for Chapter 11 with a trustee. If you are a corporation or business in need of debt reorganization, be sure to contact our team of skilled attorneys for guidance.
Do You Need to File for Bankruptcy? Speak With Our Team Today
With thousands of bankruptcy cases under our belt, the Ivey McClellan team of attorneys is more than equipped to help you find a solution for your financial situation. No matter the complexity of your bankruptcy case, we will work with you to get you back in control of your life. We are always available and here for you. Start gaining control and contact us today.