Bankruptcy Lawyer Serving the Fayetteville Area
When you are struggling with debt, you may feel like there’s no way out from under the financial weight on your shoulders. If you are facing significant financial struggles and can no longer make good on your debts, you might need to consider filing for bankruptcy. You could obtain the debt relief you need to make a fresh financial start through bankruptcy.
However, filing for bankruptcy can be a somewhat complex process depending on the facts of the case. To successfully file for bankruptcy, you must follow a specific legal process. There are also several types of bankruptcy, including Chapter 7, Chapter 11, and Chapter 13. You may benefit from an experienced bankruptcy attorney’s help to determine which type of bankruptcy is right for you.
Contact a Fayetteville bankruptcy lawyer at Sasser Law Firm to discuss your options if you are considering bankruptcy. We will guide you through the bankruptcy process and work to help you find a way to address crushing debt. We handle difficult and time-sensitive cases.
Whatever your specific financial circumstances are, our Fayetteville bankruptcy attorneys can help guide you. Reach out today for a free consultation to see if we can help.
Our office is located in Cary, North Carolina. We offer free consultations in person or over the phone or over video. We serve clients in the Fayetteville area.
Do I Have To Hire a Lawyer to File for Bankruptcy?
While you aren’t required to have legal representation, you improve the chance for a desirable result by working with a Fayetteville bankruptcy attorney. Many people are concerned about the fees associated with retaining an attorney but it is possible you will save yourself money in the long run by hiring a lawyer to handle your case.
There are many benefits associated with hiring a lawyer including the following:
- Making sure bankruptcy is your best option — Before you file for bankruptcy, you must review all your options. Bankruptcy isn’t the only solution for debtors in need of financial relief. If bankruptcy isn’t the best choice for you, an attorney can help you explore other possible solutions. They can also help you understand how filing for bankruptcy impacts your creditors and what legal recourse they have and what the customary impact of default is relative to a particular situation.
- Understanding the types of bankruptcy available to you — Different types of bankruptcy are designed to accomplish distinct goals. If you decide that bankruptcy is the right path for you, an attorney can help you determine which type of bankruptcy best suits your case. They will consider your goals and can help you choose an appropriate course of action.
- Filling out the appropriate paperwork — Filing for bankruptcy involves filling out a considerable amount of paperwork. A bankruptcy lawyer will ensure that all of your forms are correctly filled out and submitted to the appropriate court. They will also know what information you must disclose, including details about your income, debts, expenditures, and property.
- Assisting with the reaffirmation process — If you owe a debt on a certain property you want to keep, your attorney can assist with the execution and filing of a reaffirmation agreement under Chapter 7 bankruptcy. This agreement can allow you to hold onto your property and keep making payments on the debt. When filing for Chapter 13 bankruptcy, your attorney can help you seek to confirm a plan which best effectuates your desires and abilities.
- Minimize chances of making inaccurate statements — When you sign and submit your bankruptcy documents, you are under the penalty of perjury. There can be significant legal consequences if false information is submitted. Having an attorney may help to make sure that the information you have provided is accurate to the best of your knowledge. An attorney may be able to spot inconsistencies or ask questions that can help to ferret out and organize the financial information that is being submitted. That said, the ultimate responsibility is on the debtor filing for bankruptcy to make sure the information is accurate. You generally won’t benefit from blaming your attorney if the information is inaccurate.
- Holding creditors accountable — If you file for bankruptcy, an automatic stay will be placed on many of your debts so creditors cannot attempt to collect them. However, some creditors may violate the stay and keep trying to collect. This is not common but does sometimes occur. And sometimes the violation is intentional. Your lawyer can help to make sure there are consequences for creditor misconduct in a bankruptcy case.
If you want to start fresh, you should consider hiring an attorney to represent you. A lawyer will guide you through the bankruptcy process, help with the completion and submissions of forms, resolve various issues that arise, and protect your rights using the legal tools that are available.
What Should I Ask a Bankruptcy Lawyer?
If you are considering hiring a bankruptcy lawyer, there are several questions you may want to ask potential candidates before you select someone to represent you.
What Is Your Experience Practicing Bankruptcy Law?
You wouldn’t hire an estate planning attorney to handle your personal injury case. The same logic applies to bankruptcy cases. It’s helpful if the attorney you choose has significant experience practicing bankruptcy law. At Sasser Law Firm, we have spent more than two decades exclusively practicing bankruptcy law in North Carolina and have filed over 9,000 cases.
What Chapter of Bankruptcy Is Right for Me?
A bankruptcy lawyer can help evaluate which bankruptcy chapter is best for you based on the facts and what you are trying to accomplish. The analysis will include what chapter(s) you are or are not eligible for and the consequences and the anticipated outcome.
Through Chapter 7 bankruptcy, the court will discharge many of your debts although there is a chance for the loss of assets if those assets are not exempt. Filing for Chapter 13 bankruptcy allows you to retain your assets while reorganizing your payments so you can afford to pay off your debts. Chapter 11 bankruptcy applies to businesses entities (e.g. corporations and LLCs) and individuals who want to reorganize but are not eligible for chapter 13.
After your attorney has had a chance to evaluate your situation, they should be able to recommend the specific type of bankruptcy that will be most beneficial to you.
Will You Attend 341 and Court Hearings (if Any) With Me?
Having an attorney by your side during hearings can make the process much less stressful. Knowing that you aren’t alone and have a trusted advocate representing you in person can be a great comfort.
How Much Will Filing for Bankruptcy Cost Me?
You should ask the attorney upfront about their legal fees and other costs associated with your bankruptcy case.
Are There Any Alternatives to Bankruptcy?
Depending on the circumstances of your case, it’s possible that bankruptcy isn’t the right solution for you. In that case, a reputable bankruptcy lawyer will explain that and help you understand your alternative options.
How Much Does It Cost to File for Bankruptcy With Sasser Law Firm?
- Chapter 7 (below median income debtor). $1,225.00 attorney fee plus $338.00 court filing fee plus $25.00 credit counseling fee plus $12.00 financial management course fee totals $1,600.00.
- Chapter 7 (above median income debtor). $1,925.00 attorney fee plus $338.00 court filing fee plus $25.00 credit counseling fee plus $12.00 financial management course fee totals $1,600.00.
- Chapter 13 bankruptcy. No upfront fees or cost are required to file but through trustee disbursements the base fee is $6,500.00 and the court filing fee reimbursement is $313.00 and the credit counseling reimbursement is $25.00.
- Chapter 11 bankruptcy. The retainer and overall amount varies based on the case. Our firm bills hourly. The court filing fee is $1,738.00.
You can pay your fees by plastic card, cash, certified check, cashier’s check, or money order.
Contact a Bankruptcy Lawyer Serving the Fayetteville Area Today
If you are considering filing for bankruptcy in Fayetteville, please consider contacting the bankruptcy lawyers at Sasser Law Firm today. We can help you navigate the bankruptcy process and provide you with sound legal advice. Our office is located in Cary, North Carolina and we offer free consultations in person or over the phone or through video call.
Our board-certified bankruptcy specialist attorneys have many years of experience helping bankruptcy clients. Since our founding, we have handled over 9,000 bankruptcy cases for individuals and businesses. We are not afraid to take on tough cases or time-sensitive cases.
Whether you are filing for Chapter 7, Chapter 11, or Chapter 13 bankruptcy, you need a legal advocate you can trust to fight for your personal or business interests. As a client at Sasser Law Firm, you will get the personalized attention you deserve.
Call or contact us today for a free consultation with one of our Fayetteville bankruptcy attorneys.