For many individuals and families in Fayetteville and others throughout North Carolina, substantial debt and other financial challenges can quickly go from being a nuisance to a seemingly insurmountable problem. Whether you face foreclosure, past-due notices in the mail, creditor calls at home and work, wage garnishment, or other debt and collections issues, our team at Smith, Dickey & Dempster P.A. can help you discover your options for achieving a clean slate.
Local, Experienced Attorneys Guiding You Toward A Fresh Financial Start
The two most common types of bankruptcy filings are Chapter 7 and Chapter 13. Our attorneys will work with you to determine which you qualify for and guide you throughout the entire process:
- Chapter 7: Often referred to as liquidation, Chapter 7 allows debtors with sufficient nonexempt assets to liquidate those assets and put the proceeds toward a portion of the debt owed. Any remaining qualifying debts will be discharged. Your lawyer can explain which assets are exempt and outline options for keeping your home safe during foreclosure.
- Chapter 13: Instead of asset liquidation, Chapter 13 helps debtors gradually pay down their debts. Often called a wage earner plan, Chapter 13 is often reserved for those whose income disqualifies them for Chapter 7. At the end of the three- to five-year repayment period, remaining unsecured debts will be discharged.
At our firm, we believe in the importance of educating our clients. There are plenty of myths and rumors out there concerning bankruptcy, and many people come to us with false notions. By working closely with you, we can debunk these rumors and provide you with the facts. Even if filing for bankruptcy isn't in your best interests, we have the resources and experience to help you determine the best course of action.
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.
Reach Out and Learn How We Can Help You Achieve Financial Relief
From our office in Fayetteville, we represent clients throughout Cumberland County and others across the state. To learn more about bankruptcy and the protections it provides, call us at 910-849-2364 or complete our online contact form for a prompt response.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.