Work With a Compassionate and Knowledgeable Bankruptcy Attorney Serving Clemmons, NC and the Surrounding Areas

It is possible to file for bankruptcy on your own, although it is a very complex process, and your bankruptcy can easily be denied if you make a mistake. A bankruptcy attorney can advise you on your options, fill out the paperwork on your behalf, and walk you through every step of the process. Attorney Lane assists clients with tasks such as:

• Assessing your unique financial situation to determine if there are any alternatives or if bankruptcy is likely the best solution for you.
• Attempting to negotiate a resolution with your creditors. 
• Advising you on which type of bankruptcy (Chapter 7 or Chapter 13) you are eligible to file for and what makes the most sense for your situation.
• Assisting you in gathering all of the financial documents and records that you are required to present to the bankruptcy court.
• Filling out time-consuming and complicated paperwork on your behalf. 
• Representing you in all meetings and hearings related to your bankruptcy case. 
• Offering guidance and advice throughout the process to ensure that your goals are met, and your rights are protected.

For consumers, the two most popular forms of bankruptcy are Chapter 7 and Chapter 13.

In a Chapter 7 bankruptcy case, the debtor’s non-exempt property may be liquidated in order to pay off some or all of their debts. Most debtors are able to file exemptions on all of their property and only lose significant property in rare cases. Remaining debt after liquidation is typically discharged in a Chapter 7 case. 

In Chapter 13 bankruptcies, the debtor must propose a 3-5 year plan for repaying some or all of their debt. This option is reserved for debtors who have a regular income and is typically utilized by those who exceed the income limits that determine eligibility for Chapter 7 bankruptcy.