Legal Articles, Reorganization

When you are facing a foreclosure it can be scary to go through the process alone. In some cases it can be difficult to win your case without savvy legal representation. As you begin looking for an attorney to handle your foreclosure case,

Thank you for contacting our office for a free bankruptcy consultation. Our firm has been handling bankruptcy cases for over 30 years. Bankruptcy is very helpful in the following situations: Stop repossessions and foreclosures Stop wage garnishments Consolidate debts through Chapter 13 Stop IRS collections Pay student loans through Chapter 13 Discharge most debts and cancel judgments Bankruptcy is designed to give you relief from your creditors, and let you keep your property, in most cases. If interested in a free consultation to discuss your options, please contact my office as follows: Teresa Polk, Legal Assistant to James C. Hord, Attorney at Law 4801 E. Independence Blvd., Suite 1000 Charlotte, NC 28212 Telephone: show contact info Visit my website at:James C. Hord, Charlotte Bankruptcy Lawyer do NOT contact me with unsolicited services or offers post id: 6417900371

Knowing the ins and outs not only gives you peace of mind, but it also allows you to prepare adequately as you figure out what you need to do to move forward with your life. Here is the process of filing an Arizona bankruptcy:

Unforeseen problems such as unemployment, high medical bills, divorce expenses, and other economic difficulties that occur in the lives of Arizona residents may make it hard for them to file for bankruptcy.

There are certain things that should never be said during debt negotiations. These “banned phrases” are bad because they put you in a position of weakness during the negotiations or may cause you to give up certain rights. Some of the more egregious “banned phrases” include:

Bankruptcy is designed to protect individuals, small businesses, and corporations from being overwhelmed by debt. The process involves reorganization and restructuring of debt so that a significant portion of it is discharged or "forgiven", and the remainder is repaid at a lower rate.

STUDENT LOANS: ARE YOU IN THE RIGHT REPAYMENT PLAN?

Compare Chapter 7 to Chapter 13, which is right for you

Having to file for bankruptcy is not the end of the world. In fact, it's quite the opposite. Bankruptcy is your opportunity to regain control of your finances and redirect yourself and your money toward a better future.

Debtors in a chapter 13 bankruptcy can eliminate second mortgages if their house is worth less than what is owed on their first mortgage. This is called a 'cram down' and the debtor usually only has to pay back a small percentage of what was owed over 3-5 years.