Overwhelming debt can quickly take over your life and make everyday financial decisions difficult and stressful. By filing for bankruptcy, you can experience relief from crushing debt, regain control of your finances, and begin again with a clean financial slate. With our Lincoln County bankruptcy lawyer’s help, you can determine the right bankruptcy chapter to manage your debt load.
At Farmer & Morris Law, PLLC, our bankruptcy team will help you clarify your debts, identify your creditors, and learn more about the benefits and protections of filing for bankruptcy. We will also help you navigate the complex and detailed filing process. When you are looking for a way to protect your assets, eliminate debts, and rebuild your credit, we will help you meet your financial goals.
In This Article
The Benefits of Filing for Bankruptcy
If you are considering filing for bankruptcy to get out of debt, our legal team can help you do so without risking the loss of your home, car, and other possessions. One of the primary benefits of bankruptcy is the relief it provides from intrusive and persistent debt collectors because, per G.S. § 75-55, creditors cannot contact you once you have filed. Additional benefits include:
- A fresh financial start
- Stopping foreclosure
- Ending wage garnishments
- Avoiding car repossession
If you are struggling with insurmountable debt, filing for bankruptcy can be a smart and strategic move. It can be just the financial solution you need. Our bankruptcy relief team can help you escape the weight of your debt and start over.
We Will Help You Navigate the Bankruptcy Process
If you are struggling to pay off debt that is disproportionate to your income, you could qualify for bankruptcy protection. According to the U.S. Courts guidelines, the benefits of hiring our bankruptcy attorney can include:
- Helping you choose the right bankruptcy chapter
- Explaining each chapter’s meaning and process
- Obtaining, completing, and filing the necessary paperwork
- Representing you at hearings and court appearances
- Helping you list your assets and dischargeable debts
When you file on your own, you are held to the same legal standard you would be if you work with an attorney. When our lawyer represents you during your bankruptcy, we make sure every aspect of your case is handled correctly so that you do not have to worry about the details and fine points.
Hear From Clients Who Benefited From Bankruptcy Protection
An individual who has gone through the bankruptcy process with support from our legal team can tell you how you could benefit and what to expect. Our previous debt relief clients say:
- “We were sinking in debt and Caleb Farmer walked us through the process of Chapter 13 bankruptcy…their valued assistance has made it possible to pay off our debts and rebuild our credit. We highly recommend them to anyone considering bankruptcy.” – a Chapter 13 Bankruptcy Client
- “Caleb did a great job answering questions and quieting concerns. He was reachable if we ran into a problem or situation. He or his staff were very timely with responses. We were scared…and they made this a tolerable situation.” – a Bankruptcy Client
- “Informative…there when I emailed. Understanding without judgment. I am very satisfied with Mr. Farmer and his pleasant staff…Mrs. Ann Doty never let me down…5 stars.” – Sharon
Our attorney and client support team will work with you to ensure you reap the benefits and feel relief as other bankruptcy clients we’ve represented.
For a free legal consultation with a bankruptcy lawyer serving Lincoln County, call 828.286.3866
You Must File for the Right Bankruptcy Chapter
When our law firm helps individuals and business owners file for bankruptcy, we start by understanding their current financial circumstances. When you file for bankruptcy in Lincoln County, our Farmer & Morris Law, PLLC, bankruptcy lawyer makes sure you meet all case-related timelines and filing deadlines. We also make sure you understand the bankruptcy law and procedures that apply to you and your chosen bankruptcy chapter.
Chapter 7 Bankruptcy – Liquidation Bankruptcy
Individuals, small business owners, and corporations can file Chapter 7 bankruptcy. This type of bankruptcy can erase most of your debts, particularly if you have mounting bills that you cannot pay. Our team will explain how this chapter allows you to hold on to most or all of your assets and have all qualifying debt discharged by the court.
Chapter 11 Bankruptcy – Reorganization Bankruptcy
Individuals and businesses can file for Chapter 11 bankruptcy. Its purpose is to reorganize your debt into a manageable load. Our bankruptcy attorney serving Lincoln County will help you understand the benefits of this chapter. They will also guide you through completing and filing the required schedules for your assets, liabilities, income, and expenses. We help you develop a plan to reorganize your debt and pay it at a comfortable pace.
Chapter 12 Bankruptcy – Family Farmer or Fishermen Bankruptcy
Family farmers and family fishermen can file for Chapter 12 bankruptcy, which is specifically designed to meet their needs. It allows families to submit proof of their annual income and create a realistic debt repayment plan. Because repaying debt is a required part of this chapter, we help you develop a plan for resolving your debt in three to five years without becoming financially overwhelmed.
Chapter 13 Bankruptcy – Individual Debt Relief
Individuals can file for Chapter 13 bankruptcy relief to relieve the mounting pressure of personal debt. If you have a regular source of income, our bankruptcy team can help you retain your home, car, and other personal property while creating a plan to pay your debt in the future. Income qualifications apply, and you may be required to undergo credit counseling as part of the filing process.
Lincoln County Bankruptcy Lawyer Near Me 828.286.3866
Start Working on Your Fresh Financial Start Today
If you are overwhelmed by debt in Lincoln County, our bankruptcy lawyer can help you file for bankruptcy, end harassment from creditors, and start rebuilding your finances. Find out more about how Farmer & Morris Law, PLLC, can help by contacting one of our team members online or at (828) 286-3866 today.