BANKRUPTCY
TRUST · CONFIDENCE · EXPERIENCE
HELPING YOU GET A FRESH FINANCIAL START AND KEEP WHAT YOU HAVE WORKED HARD FOR
At the Fayetteville, North Carolina law firm of Smith Dickey Dempster & Carpenter, our attorneys represent numerous clients in chapter 7 and chapter 13 bankruptcy proceedings in Southeastern North Carolina.We represent clients in chapter 7 and chapter 13 bankruptcy proceedings. If you are overwhelmed with debt and facing foreclosures, repossessions, liens, garnishments, and aggressive collections procedures by creditors and collection agencies, we can help. Bankruptcy can give you the protection you need to keep your property and the breathing room you need to clear up debt.
Chapter 7 Bankruptcy
A chapter 7 bankruptcy is ideal for people whose debt is mainly unsecured debt. Most unsecured debts can be discharged through chapter 7, with the exception of some taxes and student loans. If you are burdened with unsecured debt, such as credit cards, also known as consumer debt, a chapter 7 bankruptcy will discharge, or cancel, the bulk of those debts. If you have secured debts, such as mortgaged property and financed cars, you can continue to make the scheduled payments or return the property to the securing party.
Chapter 13 Bankruptcy
Chapter 13 is often referred to as a "wage earner" plan because you must be earning an income to participate in a chapter 13 plan. In a chapter 13 bankruptcy, rather than canceling your debts, you will receive additional time, to pay off your debts. In most cases, your debts can be paid off during the established time at a substantially lower interest rate. At the end of the plan, whatever debts you have remaining may be cancelled. A chapter 13 plan is ideal for people whose debt is mostly secured, such as mortgaged homes and financed cars, because chapter 13 allows you to keep your property while making planned payments.
If you have questions about how our lawyers can help you with a bankruptcy filing, contact us anytime. We are happy to answer your questions and schedule a FREE CONSULTATION.
Visit our Bankruptcy Information Center for answers to commonly asked questions regarding you rights under the bankruptcy laws.
We proudly serve clients at our offices in three locations in Fayetteville, Lumberton, Sanford, and throughout North Carolina, and military personnel stationed at Fort Bragg.
Telephone: (910) 484-8195
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