Stanley Bankruptcy Attorney

Providing Debt Relief Services in Stanley, North Carolina

Are you facing overwhelming debt? You are not alone. Many people in Stanley and the surrounding areas of North Carolina are struggling with unpaid bills, maxed out credit cards, and other forms of consumer debt. For many, bankruptcy is the best option to get a fresh financial start.

At the Law Office of Kimberly A. Sheek, we help individuals and families in Stanley with all aspects of the bankruptcy process. We know that the decision to file for bankruptcy is not easy, but we are here to help you make the best decision for your situation. We can guide you through the bankruptcy filing process, help you choose between Chapter 7 and Chapter 13 bankruptcy, and represent you in bankruptcy litigation if necessary. We are committed to helping you get the debt relief you need to move forward with your life.

For more information about filing for bankruptcy in Stanley, call (704) 842-9776 or contact us online.

What Is Bankruptcy?

Bankruptcy is a legal process that allows individuals and businesses to discharge or reorganize their debts. When you file for bankruptcy, the court issues an automatic stay that prevents creditors from taking any further collection actions against you. You will be required to submit a list of your debts and assets, and then the court will determine how your debts will be resolved.

The most common types of bankruptcy for individuals and families are Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy, many of your unsecured debts will be discharged. In a Chapter 13 bankruptcy, you will be required to repay your debts over a period of three to five years, but you will be protected from creditor actions during this time.

Should I File for Bankruptcy?

Bankruptcy is not the right solution for everyone. However, for many people, it is the best way to get out of debt and regain control of their finances. If you are considering filing for bankruptcy in Stanley, an experienced bankruptcy attorney can help you evaluate your situation and determine if bankruptcy is the right option for you.

At the Law Office of Kimberly A. Sheek, we can help you explore all of your debt relief options. There are many alternatives to bankruptcy that may be appropriate for your situation. If you are able to pay your debts, but you just need a little more time, we can help you negotiate with your creditors or consolidate your debts into one more manageable payment. If you are struggling with unsecured debts like credit cards and medical bills, we may be able to help you settle your debts for less than you owe.

However, if you are facing a home foreclosure or auto repossession, or if you have a significant amount of unsecured debt that you are unable to pay, bankruptcy may be the best option for you. In many cases, filing for bankruptcy will allow you to keep your home and your car, and it will put an end to the stress and anxiety of dealing with unpaid bills and harassing creditors.

What Is the Bankruptcy Means Test?

The bankruptcy means test is a way for the court to determine if you are eligible to file for Chapter 7 bankruptcy. The means test compares your monthly income to the median income for a household of your size in North Carolina. If your income is below the median, you are eligible to file for Chapter 7 bankruptcy. If you do not pass the means test, you may still be able to file for Chapter 7 if you can demonstrate that you do not have enough disposable income to repay your debts.

If you are not eligible for Chapter 7 bankruptcy, you may still be able to file for Chapter 13. However, unlike Chapter 7, Chapter 13 requires that you repay your debts over a period of three to five years. We can help you determine if you are eligible for Chapter 7 and guide you through the means test.

What Is the Bankruptcy Credit Counseling Requirement?

Before you can file for bankruptcy in Stanley, you are required to complete a credit counseling course. The purpose of this course is to help you determine if bankruptcy is right for you. The course must be completed within 180 days before filing for bankruptcy. After you complete the course, you will receive a certificate that you must submit to the court when you file for bankruptcy.

Once you complete the credit counseling course and file for bankruptcy, the court will issue an automatic stay that will prevent creditors from taking any further collection actions against you. You will then be required to complete a debtor education course that will help you understand how to manage your finances after bankruptcy. If you do not complete the debtor education course, the court may dismiss your bankruptcy case.

What Is the Bankruptcy Filing Process?

The bankruptcy filing process can be confusing and time-consuming. In addition to completing the credit counseling and debtor education courses, you will be required to submit a number of forms to the court. These forms will ask for detailed information about your debts, assets, income, and expenses.

At the Law Office of Kimberly A. Sheek, we can help you complete all of the necessary forms and make sure that they are submitted to the court on time. We will also represent you at the meeting of creditors and in any bankruptcy litigation that may arise. Our goal is to make the bankruptcy process as simple and stress-free as possible.

What Bankruptcy Exemptions Are Available in Stanley?

In a Chapter 7 bankruptcy, the court may seize and sell some of your assets to repay your debts. However, many assets are exempt from seizure. In a Chapter 13 bankruptcy, you will be able to keep all of your assets and repay your debts over time.

North Carolina has its own bankruptcy exemptions. You can choose to use either the North Carolina bankruptcy exemptions or the federal bankruptcy exemptions. You cannot use both. The North Carolina bankruptcy exemptions are generally more generous than the federal exemptions, so most people will choose to use the North Carolina exemptions.

The North Carolina bankruptcy exemptions protect many types of property, including your home, vehicle, and retirement accounts. If you are married, you and your spouse can double your exemptions. At the Law Office of Kimberly A. Sheek, we can help you determine which bankruptcy exemptions are right for you.

How Can I Rebuild My Credit After Bankruptcy?

Many people in Stanley are hesitant to file for bankruptcy because they are worried about how it will impact their credit. While it is true that bankruptcy will stay on your credit report for 7-10 years, it is also true that the impact of bankruptcy on your credit will decrease over time.

There are many ways to rebuild your credit after bankruptcy. For example, you can apply for a secured credit card or a credit builder loan. You can also ask a family member or friend to add you as an authorized user on their credit card. If you make all of your payments on time, you will be able to rebuild your credit more quickly than you might think.

What Are the Most Common Bankruptcy Myths?

There are many myths and misconceptions about bankruptcy in Stanley. For example, some people believe that you can only file for bankruptcy once. In reality, there is no limit to the number of times that you can file for bankruptcy. However, there are limits on how often you can receive a discharge of your debts.

Some people also believe that you will lose all of your assets if you file for bankruptcy. In reality, many assets are exempt from seizure in a Chapter 7 bankruptcy, and you will be able to keep all of your assets in a Chapter 13 bankruptcy. At the Law Office of Kimberly A. Sheek, we can help you understand the truth about bankruptcy and make an informed decision about your financial future.

How Can a Stanley Bankruptcy Lawyer Help Me?

Bankruptcy is a complex area of law. The bankruptcy code is more than 500 pages long, and it is constantly changing. If you are considering filing for bankruptcy in Stanley, you need an experienced bankruptcy lawyer on your side.

At the Law Office of Kimberly A. Sheek, we have been helping individuals and families in Stanley with all aspects of the bankruptcy process for more than a decade. We know the law, and we know how the local bankruptcy courts operate. We can help you understand your debt relief options, complete the bankruptcy filing process, and represent you in any bankruptcy litigation that may arise.

Our goal is to help you get the fresh financial start that you deserve. We will take the time to listen to your story, answer your questions, and explain all of your options. We will always be available to address your concerns, and we will always keep you informed about the status of your case. We know that this is a difficult time for you, and we are here to help.

Call a Stanley Bankruptcy Attorney Today

If you are considering filing for bankruptcy in Stanley, you do not have to go through the process alone. At the Law Office of Kimberly A. Sheek, we can help you evaluate your situation, explore your debt relief options, and make an informed decision about your financial future. We are committed to helping you get the fresh financial start that you deserve.

Contact us online or call (704) 842-9776 to speak to a Stanley bankruptcy attorney today.