Carthage & Asheboro Bankruptcy Lawyers
Many people postpone dealing with unmanageable debt and constant harassment from creditors because they are embarrassed to face the situation they are in or they feel there is no way out.
At Rowland & Yauger, Attorneys & Counselors at Law, we have helped countless individuals and couples restart their financial lives by seeking protection under the federal bankruptcy laws.
We understand that no one plans to take on more debt than they can pay. Unplanned circumstances can get the best of anyone. We are not here to pass judgment on how you ended up in the situation you are in; our priority is to determine if bankruptcy is the right solution for you, and if so, to help you navigate the complex bankruptcy process.
Bankruptcy can be a powerful tool to regain control over your finances and achieve a fresh financial start. Whether you are struggling with credit card bills, medical debt, foreclosure threats, or wage garnishment, filing bankruptcy can provide relief and protection from creditors. Our experienced team is well-versed in both consumer bankruptcy law and business bankruptcy law, ensuring that we can tailor our approach to meet your unique needs.
Navigating the bankruptcy court system and understanding the role of bankruptcy trustees can be overwhelming, especially when facing crippling debt. That is why having knowledgeable NC bankruptcy attorneys by your side is crucial. We guide you through every step of the bankruptcy process, from the initial consultation to the discharge of your debts, helping you build a brighter financial future.
Asheboro Debt Relief Attorneys Serving Residents Throughout Moore And Randolph Counties
Our attorneys grew up in this community and take pride in the opportunity to resolve the legal issues of their friends and neighbors. We don’t use cookie-cutter strategies in any area of law. If you select us to represent you with your bankruptcy filing, we will take the time to understand the unique aspects of your financial situation and create a strategy that produces the best possible outcome.
We have provided a lot of useful information on this website. We also offer a free consultation, in which we can answer your questions on any bankruptcy matter, including:
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What is bankruptcy? — Learn the basics of bankruptcy, what it means, and how it can help you regain control over your finances.
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Bankruptcy 101 — A comprehensive introduction to the bankruptcy process, including key terms and important steps to know before filing.
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Chapter 7 bankruptcy — Understand how Chapter 7 bankruptcy works, who qualifies, and what debts can be discharged through this option.
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Chapter 13 bankruptcy — Explore the benefits of Chapter 13 bankruptcy, including debt repayment plans and protection from foreclosure.
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Stop Foreclosure — Find out how filing bankruptcy can help you stop foreclosure and protect your home from being lost.
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Wage garnishment — Learn about wage garnishment, how it affects your income, and how bankruptcy can provide relief.
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Which debts can be wiped out? — Discover the types of debts that can be discharged in bankruptcy and those that typically cannot.
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Creditor harassment — Understand your rights against creditor harassment and how bankruptcy offers protection from aggressive debt collectors.
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What can I keep? — Learn about bankruptcy exemptions and what property or assets you may be able to keep during the process.
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Bankruptcy schedule of events — Get an overview of the typical timeline and key milestones involved in a bankruptcy case.
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Bankruptcy resource links — Access helpful external resources and organizations for additional support and information about bankruptcy.
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Answers to worrying questions — Find answers to common concerns and frequently asked questions about filing bankruptcy and its effects.
Meet With Our Experienced Carthage Bankruptcy Attorneys
With offices in Carthage and Asheboro, we serve residents throughout the Sandhills, Pinehurst, Aberdeen and Southern Pines regions of North Carolina. If you would like to meet with our lawyers to learn more about how bankruptcy can reset your financial life, call 910-621-2991 (Carthage) or 336-537-5547 (Asheboro) or use our contact form to schedule an appointment.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
North Carolina Bankruptcy FAQs
Q1: What types of bankruptcy are available in North Carolina?
A1: The most common types are Chapter 7 and Chapter 13. Chapter 7 allows for liquidation of certain assets to discharge debts, while Chapter 13 involves a repayment plan to creditors over time. There are also Chapter 11 and Chapter 12 options for businesses and farmers, respectively.
Q2: How do I know if I qualify for Chapter 7 bankruptcy in North Carolina?
A2: Qualification depends on your income, expenses, and debt levels. The means test compares your income to the state median to determine eligibility. An experienced North Carolina bankruptcy lawyer can help assess your situation.
Q3: Will filing bankruptcy in North Carolina affect my credit report?
A3: Yes, a bankruptcy filing will appear on your credit report for 7-10 years. However, it can also help improve your credit score by eliminating overwhelming debt and stopping creditor harassment.
Q4: Can I keep my home and car if I file for bankruptcy?
A4: Many North Carolina exemptions protect your home, car, and other essential assets. The specifics depend on your case and the type of bankruptcy filed. A bankruptcy law firm can guide you on what property you can keep.
Q5: How long does the bankruptcy process take in North Carolina?
A5: Chapter 7 cases typically take about 3-6 months from filing to discharge. Chapter 13 cases last 3 to 5 years due to the repayment plan. Your NC bankruptcy attorney will explain the timeline for your case.
Q6: Will bankruptcy stop creditor harassment and wage garnishment?
A6: Yes, once you file, an automatic stay goes into effect stopping most collection actions, including phone calls, lawsuits, and wage garnishments.
Q7: Do I need a lawyer to file bankruptcy in North Carolina?
A7: While you can file on your own, having a knowledgeable NC bankruptcy attorney ensures the paperwork is completed correctly, deadlines are met, and you receive the best possible outcome.
Q8: How much does it cost to hire a North Carolina bankruptcy lawyer?
A8: Fees vary depending on the complexity of your case and the type of bankruptcy. Many firms offer a free consultation to discuss your options and fees upfront.
Q9: What happens after my bankruptcy case is closed?
A9: You receive a fresh start financially. Your attorney can advise you on rebuilding credit, protecting your assets, and managing finances to avoid future debt problems.
Q10: Can I file bankruptcy more than once in North Carolina?
A10: Yes, but there are time limits between filings. For example, you must wait 8 years between Chapter 7 filings. Your bankruptcy lawyer can explain the rules based on your circumstances.