Financial problems can cause strain in all areas of your life. Bankruptcy can be a way to rebalance your life.
Take the right steps
Getting out of financial trouble is easier than you think. By taking the right steps you'll get back on solid financial ground in no time.
The Right Help Makes All the Difference
Working with experienced and reliable attorneys can make the bankruptcy process smooth and as beneficial as possible for you. Call us today for a consultation.
Tying Up Loose Ends
Bankruptcy is a way to make sure your creditors no longer have power over your life. Let us help you get back in control.
Greensboro Bankruptcy Attorneys
If you have questions about bankruptcy and what it can do for you, contact our Greensboro bankruptcy attorneys today and get your questions answered free!
What is Bankruptcy?
Bankruptcy is a court proceeding that is meant to establish financial stability for those in need. There are several types of bankruptcy and our Greensboro bankruptcy attorneys can help determine what type is right for you.
Who Can File Bankruptcy?
Anyone can file bankruptcy as long as they have not already filed in the last eight years. Most filings require that you show some type of financial hardship such as loss of income, illness or lawsuit to establish the need.
Will Bankruptcy Ruin My Credit?
If you are thinking of filing bankruptcy then your credit is most likely already ruined. Bankruptcy can actually help rebuild your credit and allow you to gain a fresh start.
Will I Lose My Possessions?
Typically you will not lose your possessions such as furniture, clothes, personal belongings, etc. Large assets like your home and car can usually be protected if you wish. Other large assets that have value will likely be liquidated to help settle some of your debts. Generally, however, most people are able to keep their possessions.
Do I Have To Repay The Bad Debt?
If you file Chapter 7 you will not be liable to pay back any portion of most debts. Certain debt, like student loans, is excluded from the bankruptcy. If you file Chapter 13 you will be consolidating your debts into one affordable monthly payment, so you will be repaying the debt over a period of time.
Call today for a free consultation and have your questions answered by one of our experienced Greensboro bankruptcy attorneys!
