Over recent years so many throughout the Triad, especially High Point, NC, have faced financially difficult times. These turbulent times have been caused by COVID-19 (coronavirus), a turbulent economy, rising interest rates, inflation, and other economic conditions that are often out of the control of us and our neighbors in High Point, NC.
Help is here. We are High Point, NC bankruptcy lawyers that help people get their fresh financial start. The Bankruptcy Code has given those facing financially tough times tools to be able to move forward in life. Specifically, Chapter 7 bankruptcy and Chapter 13 bankruptcy.
READY TO GET STARTED?
Today can be the beginning of your fresh financial start. We offer a free, no strings attached consultation to discuss whether bankruptcy would be a good option for you.
Simply fill out the form to the right and we will reach out to you. Or you can call us at (336) 294-5800.
How do I know if filing for bankruptcy in High Point, NC is right for me?
Are you tired of constant phone calls from creditors? Maybe you are worried a sheriff’s deputy is going to show up at your door, or maybe they already have. Are you about to have your house foreclosed on our car repossessed? Those are all common reasons that may cause someone to consider filing bankruptcy.
The decision to file for bankruptcy is never an easy one, but if you are a High Point, NC resident with a lot of credit card debt, medical bills, or other debt and are living paycheck to paycheck and trying to make ends meet because of your debt, bankruptcy may be the right option for you. Even if you have a job, you may decide to file a bankruptcy to help eliminate some or all of your debt so you can get a fresh financial start.
There are lots of High Point, NC Bankruptcy Lawyers, Why Choose Duncan Law?
Duncan Law has been in the Greensboro, High Point, and Winston-Salem areas for going on two decades, and I (attorney Damon Duncan) am a Board Certified Specialist in consumer bankruptcy law. There are a lot of options you have when finding a bankruptcy lawyer. Here are four (4) things you can expect when you come in for a consultation with me.
First, I’m going to be the one to meet with you, not a paralegal.
Second, I believe if bankruptcy isn’t a good option for someone, I’ll tell them that.
Third, my goal is to give you options and explain the benefits and drawbacks of each of those options. Once I do that, I think it’s best left to you and your family to decide if bankruptcy makes sense for you. Your consultation is not going to be some pressure-filled sales pitch.
Fourth, I’m a pretty laid-back guy. You and I are probably more alike than we are different. Your family and my family probably have many of the same priorities in life. I prefer having a relaxed conversation about your situation, not some lecture about how you shouldn’t have incurred the debt you have.
Setting Up A Bankruptcy Consultation in High Point, NC
If you are looking for a free bankruptcy consultation in High Point, it is easy to do. Schedule online or call our office and we will find a time that works for your schedule. Prior to your bankruptcy consultation, we will ask you to complete an online questionnaire so I have your information in advance which will allow me to talk with you about your options. The consultation is a time for you to ask questions and learn about bankruptcy so you can decide if it is a good option for you.
How much does it cost to file bankruptcy in High Point, NC?
The initial bankruptcy consultation is free. If you decide you are going to file bankruptcy, I will talk with you about the fees you will need to pay. Some of the fees are set by the courts and are the same for everyone, while other fees depend on the specifics of your case. We will share all of the information about fees with you during the consultation. I wish I could just give you a number on here but if I did that I could charge you too little or too much. I’m a big believer that the price of a bankruptcy should be based on the complexities of your situation. I shouldn’t charge you the same as I charge someone else with an extremely complex situation. No matter what, we offer an easy payment plan to help you pay for the bankruptcy. We have done this for a long time and understand if you had a bunch of money laying around you probably wouldn’t be reaching out to us.
What’s the Address of Our High Point, NC Bankruptcy Office?
We would be glad to meet with you for a bankruptcy consultation in High Point. Our office address is:
Duncan Law, LLP
3980 Premier Drive #110,
High Point, NC 27265
Our office telephone number is: (336) 294-5800.
High Point, NC Bankruptcy FAQs
Understanding Bankruptcy
What is bankruptcy?
Bankruptcy is a legal procedure that allows individuals or businesses who cannot pay their debts to seek relief from some or all of their debts. In many cases, the debtor can keep their home, car, and other personal belongings.
What’s the difference between Chapter 7 and Chapter 13 bankruptcy?
Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” involves the sale of a debtor’s non-exempt assets to pay off creditors. On the other hand, Chapter 13 bankruptcy allows debtors to keep their property and repay their debts over time, usually three to five years.
How does bankruptcy affect my credit report?
Filing for bankruptcy will appear on your credit report and may lower your credit score. However, this effect is not permanent and your score can improve over time.
Filing for Bankruptcy
How do I file for bankruptcy?
To file for bankruptcy, you need to complete several forms and file them with the bankruptcy court. You’ll also need to complete credit counseling. It’s often a good idea to work with a bankruptcy attorney to ensure that all paperwork is correctly completed.
What debts are dischargeable in bankruptcy?
Many types of unsecured debts, like credit card debt, medical bills, and personal loans can be discharged in bankruptcy. However, certain debts like student loans, child support, and most tax debts typically cannot be discharged.
Can bankruptcy stop wage garnishment?
Yes, filing for bankruptcy can stop wage garnishment and other debt collection activities.
Bankruptcy and Taxes
Can taxes be wiped out in bankruptcy?
Some federal income taxes may be discharged in bankruptcy if certain conditions are met.
How does bankruptcy affect my tax refund?
Your tax refund can be considered an asset in a bankruptcy case. Whether or not you can keep it may depend on the bankruptcy exemptions available to you.
Bankruptcy and Your Assets
Can I keep my home if I file for bankruptcy?
It’s possible to keep your home when you file for bankruptcy, especially if you’re up-to-date with your mortgage payments and your home equity doesn’t exceed your state’s homestead exemption.
Will I lose all my assets if I file for bankruptcy?
No, you won’t necessarily lose all your assets when you file for bankruptcy. Bankruptcy exemptions protect certain assets, such as your home, car, and personal belongings, up to certain amounts.
Bankruptcy Process
What happens after I file for bankruptcy?
After you file for bankruptcy, an automatic stay comes into effect, which stops most debt collection activities. A trustee is assigned to your case, and you’ll need to attend a meeting of creditors.
How long does bankruptcy stay on my credit report?
Chapter 7 bankruptcy stays on your credit report for 10 years, while Chapter 13 bankruptcy stays on for seven years.
What is a bankruptcy discharge and when does it occur?
A bankruptcy discharge is a court order that releases you from responsibility for certain types of debts and prevents creditors from taking any form of collection action on those debts. This typically occurs a few months after the bankruptcy petition is filed.
Bankruptcy and Your Life Post-Filing
How can I rebuild my credit after bankruptcy?
You can rebuild your credit after bankruptcy by managing your finances well, paying all your bills on time, and avoiding new debt.
Can I get a mortgage after filing for bankruptcy?
Yes, but you’ll likely have to wait some time and work on improving your credit score. The waiting period can vary depending on the type of bankruptcy you filed and the type of mortgage loan you seek.
Can I file for bankruptcy more than once?
Yes, you can file for bankruptcy more than once. However, there are time limits between filings. For example, eight years must pass between two Chapter 7 discharges.
Finding Legal Assistance
Do I need a lawyer to file for bankruptcy?
While you’re not required to have a lawyer to file for bankruptcy, it’s highly recommended. The process can be complex and having a knowledgeable High Point, NC bankruptcy lawyer on your side can help ensure you make informed decisions and complete all requirements properly.
How can a bankruptcy lawyer help me?
A bankruptcy lawyer can explain the process, help you understand your options, assist in preparing and filing your bankruptcy paperwork, and represent you in court. They can provide the necessary legal advice and guidance to navigate through this complex process.
What should I expect when working with a bankruptcy lawyer?
You should expect your bankruptcy lawyer to guide you through every step of the bankruptcy process—from evaluating whether bankruptcy is the right option for you, to preparing your bankruptcy petition, to representing you at your creditors’ meetings and ensuring your rights are protected.
How can I contact a High Point, NC bankruptcy lawyer?
You can reach out to a us by calling or filling out a contact form on this page and we’ll get in touch of you ASAP.
Want to Learn More About Us?
Terry Duncan
Since opening his firm almost 15 years ago, Terry has filed approximately 5,000 bankruptcies. Terry’s entrepreneurial spirit began long ago – as a new college graduate, he owned and ran a convenience store.
Damon Duncan
Damon is the constant optimist who loves working with a team to solve problems. His current team at Duncan Law is ready to help you. Damon is used to working with a team after growing up playing football and lacrosse and serving as student body president in law school.
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