Mooresville Bankruptcy Attorney
Compassionate Guidance for a Fresh Start
At the Law Office of Kimberly A. Sheek, I understand that facing bankruptcy is daunting and overwhelming. Yet, it can also be the first step towards regaining control of your financial future. As a bankruptcy attorney serving Mooresville, I am here to guide you through these challenging times with empathy. I aim to provide my clients with the information they need to make informed decisions.
When it comes to securing the legal support you need, my firm is here to help you move on from this process with a fresh start towards financial stability.
Contact the Law Office of Kimberly A. Sheek today to discuss your bankruptcy options.
Understanding the Different Types of Bankruptcy Filings
When it comes to bankruptcy, it's crucial to understand that several different types of filings are potentially available. The two most common types for individuals are Chapter 7 and Chapter 13. While both options can provide financial relief, they cater to different needs and financial situations.
Chapter 7 Bankruptcy
Also known as "liquidation," it is typically for individuals who have little to no disposable income. In this form of bankruptcy, most of your unsecured debts (such as credit card bills and medical expenses) can be discharged. However, you might have to sell some of your property to pay back your creditors.
Chapter 13 Bankruptcy
Often referred to as "reorganization" bankruptcy, this is a viable option for individuals with a regular income and who can afford to pay back at least a portion of their debts through a repayment plan. This type of bankruptcy allows you to keep your property and catch up on missed mortgage, car, and non-dischargeable priority debt payments.
It's essential to consider each type carefully to understand which is the most appropriate course of action for your circumstances. With this in mind, you are strongly encouraged to discuss your situation with legal counsel.
The Importance of Legal Aid in Bankruptcy Proceedings
While the law does not require you to work with an attorney to file for bankruptcy, obtaining legal counsel is strongly encouraged. Navigating the complexities of bankruptcy law can be challenging for those unfamiliar with the legal system; a misstep could lead to undesirable outcomes, such as having your bankruptcy case dismissed or, worse, being accused of fraud.
As a seasoned bankruptcy attorney, I can provide valuable assistance throughout the bankruptcy process. Here are some of the ways I can assist you:
- Understanding and Navigating the Bankruptcy Filing Process: The paperwork involved in bankruptcy filings can be complex and confusing. I can help you understand these forms, guide you in filling them out correctly, and ensure they are filed on time.
- Stopping Creditor Harassment: Creditors should stop all collection efforts once you file for bankruptcy. If they don't, I can intervene and make sure they respect your legal rights.
- Representation in Adversary Hearings: If disagreements arise regarding the dischargeability of certain debts, an adversary hearing may occur. I can represent you in these proceedings, advocating for your best interests.
- Formulating Effective Repayment Plans: In a Chapter 13 bankruptcy, you must propose a realistic repayment plan you can afford. I can help you create and present a plan that suits your financial situation.
Securing legal representation for your bankruptcy case can make the process less stressful and increase the chances of a positive outcome.
Caring Help from the Law Office of Kimberly A. Sheek
If you're a Mooresville resident considering bankruptcy, reach out to the Law Office of Kimberly A. Sheek. My firm's guiding principles—honesty, respect, and integrity—are the reasons why so many clients trust our services. I believe in transparency and will advise you honestly, letting you know if bankruptcy is indeed the right course for your circumstances.
Regardless of your background or occupation, you can trust that I will treat you with equal dignity and respect. My focus is always on your best interests, and I am committed to ensuring you receive the representation you deserve. Secure your financial future with a firm that genuinely cares for your welfare.
Call me at (704) 842-9776 or message me online for a comprehensive consultation regarding your bankruptcy options.
How is my credit score affected after bankruptcy?
Many people are afraid that filing for bankruptcy can ruin their credit scores. While bankruptcy will lower your score and stay on your report for several years, most people who are in debt already have low scores due to the outstanding debt. Doing nothing about the debt will only make your credit score worse.
Bankruptcy can resolve your debt and provide you with a fresh start to begin rebuilding your credit score. My law firm can provide you with tips on how to manage post-bankruptcy life and ways to restore your credit score. Call the Law Office of Kimberly A. Sheek at (704) 842-9776 today.
What debts can bankruptcy discharge?
Unsecured debt such as credit card bills, medical bills, and personal debt can be discharged through bankruptcy. It will either be discharged completely or you may need to repay a portion of the debt.
Can I keep my home and car in bankruptcy?
In Chapter 13, nearly all debtors are able to keep their homes and cars. In Chapter 7, you can keep your home and car if your equity does not exceed the exemption limits and you are able to maintain the payments. An attorney can review your unique scenario and give you a better idea of what you can expect to keep.
How does bankruptcy work?
Bankruptcy allows debtors to discharge all or nearly all of their unsecured debt, depending on the type of chapter they file. Chapter 7 will generally wipe out most debt after nonexempt assets are liquidated, while Chapter 13 will require repayment plans to pay back a portion of the debt.