When should I consider bankruptcy? When debt gets overwhelming, the worst thing you can do is nothing at all. You should seek out a bankruptcy attorney if you are facing a life crisis such as a job loss, illness, unemployment or other hardship that makes paying future bills impossible or unlikely. If your home is in foreclosure or you are behind on your car/house loan payments, you should talk to an attorney about your options. A bankruptcy attorney can educate you on how bankruptcy can stop harassment or annoyance from your creditors, who call your home or place of work on a regular basis. If you are facing a lawsuit or wage garnishment, or even if you are simply having a hard time paying your bills every month, please don’t just wait and see what happens.
Our Consultation Is Free
Coltrane Grubbs & Orenstein bankruptcy attorney Joe Orenstein offers a free initial consultation to anyone interested in more information about bankruptcy. If you are considering bankruptcy, or if you simply want more information about your financial/legal options from an NC bankruptcy attorney, feel free to call (336-996-4166) and set up your consult today.
Recent Blog Posts about Bankruptcy:
Chapter 13 bankruptcy is based on the principle of debt reorganization, rather than asset liquidation—you take all of your debts, put them into a pile, and then make repayments into that pile over a three to five year period. (If you need more information about the basic difference between Chapter 7 and Chapter 13, look […]
In 2005, Congress enacted the Bankruptcy Abuse Prevention and Consumer Protection Act, known more familiarly for its unwieldy acronym/nickname, BAPCPA (pronounced “bap-see-pa”). One of the critical, and most criticized, inventions of BAPCPA was the creation of the “means test.” The key principle behind the means test was the idea that individuals with high levels of […]
In North Carolina, there are many statutory and common law protections in place that help a debtor keep their wages and property, even in the face of claims by credit card companies or other creditors. North Carolina has stringent restrictions on wage garnishment, about which you can learn here. Even outside of the wage garnishment context, […]
Unlike many other states, North Carolina law typically prevents credit card companies and private creditors from collecting debts from NC citizens by wage garnishment. While there are certainly exceptions, as discussed below, wage garnishment is not a widely available collections option for creditors in NC. Wage Garnishment? What is that? Wage garnishment is the legal […]
In considering the benefits and drawbacks of filing for bankruptcy, the decision as to which type of bankruptcy to file is extremely important. Below is a basic primer on the two main forms of consumer bankruptcy: Chapter 7 Bankruptcy under Chapter 7 is what attorneys and others frequently call “liquidation” bankruptcy. The primary benefit of […]
Coltrane Grubbs & Orenstein is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.