If you are overwhelmed by debt that far exceeds your income and ability to pay, our law firm can help you start over with debt elimination in Hendersonville. Our bankruptcy lawyers will examine your finances, clarify your eligibility for bankruptcy, and manage all required paperwork. We also describe the forms and schedules your case requires, and we will obtain and file them on your behalf.
You do not have to navigate North Carolina’s bankruptcy laws on your own. Our goal as Hendersonville personal injury lawyers is to provide excellence in legal representation for every case, every client, and at every stage. Find out how hard Farmer & Morris Law, PLLC, will go to bat for you. Contact our consultation team to start fighting for your financial freedom today.
Our Hendersonville Bankruptcy Attorneys Help You Get a Fresh Financial Start
Filing for bankruptcy can give you immediate and far-reaching benefits that provide relief from insurmountable debt. Obtaining it on your own, though, can be difficult. Our team helps bankruptcy clients navigate the debt relief process by taking all of the following actions on your behalf:
- Assess your current financial situation
- Identify the appropriate bankruptcy Chapter
- Complete and submit required forms and filings
- Ensure the automatic stay is respected by creditors
- Clarify which of your debts are eligible for discharge
- Document your income, assets, and outstanding debt
- Establish and document a detailed list of your financial obligations
We know how hard it can be to navigate the bankruptcy timeline and wait for a final discharge, so we provide ongoing updates as your case progresses. Our team is available 24/7 through our helpline to promptly answer your case-related questions and concerns.
We Make Every Bankruptcy Client and Case a Priority
When previous clients talk about their experiences with Farmer & Morris Law, PLLC, they leave online reviews like the following:
- Brian Hopkins: Caleb Farmer is a good and knowledgeable bankruptcy lawyer … he lets you know what to expect during the bankruptcy. Ann Doty is a great and knowledgeable bankruptcy paralegal … she will let the bankruptcy client know what they need and what to expect.
- Chyrel Dibble: Farmer & Morris is a great and experienced company that will help you through your bankruptcy, every step of the way. They … [were] … available whenever I had questions. I recommend them to anyone.
Browse our client testimonials and more than 230 Google reviews to learn more about working with our client-focused legal team.
We Can Help You Seek Relief by Filing Under the Right Bankruptcy Chapter
Filing for bankruptcy starts with choosing a Chapter to file under. Our bankruptcy lawyers serving Hendersonville represent clients who file:
- Chapter 7: Allows individuals and small business owners to eliminate crippling debt.
- Chapter 11: Allows businesses to restructure and repay some or all of their debt.
- Chapter 12: Allows family farmers or fishermen to restructure and repay debt.
- Chapter 13: Allows individuals and small business owners to restructure and repay debt.
Choosing the appropriate type of bankruptcy filing can be hard on your own. The legal team at Farmer & Morris Law, PLLC, will help you make the best choice. Contact our law firm to learn more about eliminating debt with guidance from our Hendersonville bankruptcy lawyers.
The Benefits of Filing Chapter 7 Bankruptcy in North Carolina
According to the United States Courts guidelines, you qualify for this Chapter if you pass the means test and your income is low enough to qualify for the income threshold. Our bankruptcy team will assess your income, family size, and other qualifying factors.
Via Chapter 7, you can eliminate much of your debt and retain many, if not all, of your assets, including your house and car. You can also reap the benefits of the automatic stay.
The Benefits of Filing Chapter 13 Bankruptcy in Hendersonville, NC
According to the United States Courts guidelines, you can get relief under this Chapter and still retain your property, including your home and car. Our bankruptcy team will review your personal or business finances.
You must be a wage earner to qualify and create a workable plan to reorganize your debt load and repay it over time. In most cases, the allotted time to repay is between three and five years.
Our Hendersonville Bankruptcy Lawyers Will Clarify Your Automatic Stay Rights
A primary benefit of filing for bankruptcy is its automatic stay. It prevents creditors from contacting you about your debts in any way. According to the United States Courts guidelines, the automatic stay starts immediately after your bankruptcy petition is filed. Creditors and collection agencies can no longer contact you via:
- Phone calls
- Emails
- Text messages
- Written correspondence
If the bankruptcy Chapter you file under qualifies for the automatic stay, our legal team will help you understand its protections. We can also clarify your available options if a named creditor fails to adhere to it and continues to contact you.
How Bankruptcy Affects Your Credit and Helps You Start Anew
Depending on the Chapter you choose, bankruptcy can remain on your credit report for between seven and ten years. It will damage your credit by lowering your credit score, which can take a long time to recover from.
Over time, you can improve with responsible credit use, and, in some cases, you can have bankruptcy removed from your credit report. Our Hendersonville bankruptcy attorneys will help you understand your legal options for building a brighter credit future.
Contact Our Law Firm to Receive a Free Evaluation of Your Bankruptcy Case
If you are faced with debt that significantly exceeds your income, our Hendersonville bankruptcy lawyers will help you get financial relief. We will assess your finances, debt, and bankruptcy options.
Learn more about debt elimination via bankruptcy and the immediate benefits of the automatic stay. Contact our consultation team at Farmer & Morris Law, PLLC, to get started today.