Charlotte Attorney's blog

Why wait until the new year to find a resolution to your debt

Maxwell Law Firm, PLLC is a full service debt relief agency in North Carolina.

We assist debtors with :

• Filing for Bankruptcy 
• Assistance with Loan Modifications
• Stopping Foreclosure
• Preventing Repossession
• Business Debt
• Large Balances on Medical bills
• High Credit Card Balances
• Warding off Payday loans

Please visit our webpage to view our fees of these services. You can schedule your appointment by calling 704-780-1100 or you can save an additional 25% off the fees by scheduling your appointment online.

Payday loans not enough, foreclosure looming, creditors keep calling, it’s time to seek help

The economy is tough, the foreclosure rate is continuing to rise and the unemployment rate is steadily increasing.

The money you get from payday loans is not enough and they begin debited your account almost immediately.

Creditors will do what it take to collect the debt you owe them, including call your employer and possibly suing you.

Once you default on your mortgage or car note you are only a few months away from loosing your home in foreclosure and or car in repossession that you have worked so hard to obtain and keep.

IRS and North Carolina Department of Revenue can garnish you if you owe a balance on unpaid tax liabilities.

Some Consumer Debt solution companies will claim to be able to help you, but they can do little more than you. Seeking qualified help is your first step toward a solution.

Maxwell Law Firm represents clients in North Carolina with: bankruptcy court, filing for bankruptcy, chapter 7 bankruptcy, foreclosure defense, chapter 13 bankruptcy representation, tax preparation and settlements, and loan modifications. You may schedule your appointment by calling 704-461-1883 or save 25% off the fees and schedule online at http://maxwelllegal.com/consultations

FLAVORS OF CONSUMER BANKRUPTCY

BY BANKRUPTCY ATTORNEY

There are several types of bankruptcies, but mainly are two types of consumer bankruptcy, chapter 7 and chapter 13. Consumer Bankruptcy is available for non-business consumer debtors. In some certain circumstances smaller businesses can file under these chapters. This is something I will discuss at a later time.

CHAPTER 7

A Chapter 7 bankruptcy is a liquidation bankruptcy. Once debtor files for bankruptcy, there debts and assets become a part of the Bankruptcy Estate they are then assigned a case number and trustee is appointed in their case. Chapter 7 Bankruptcy is available for debtors who have very little income and a lot of debt, much more goes into the analysis but that is the general idea.  A debtor receives has a certain amount of property that is exempt from the creditors.  The trustee then takes non-exempt assets and liquidates them. The proceeds are then used to repay eligible creditors of the debtor according to their rank and priority. Priority is determined according to debt type and time when debt was entered into. If a business files for Chapter 7 bankruptcy, a company must cease all operations turn over its assets to the Trustee. Generally Chapter 7 bankruptcy proceeding last anywhere from 3 to 4 months. Once the bankruptcy is completed, the individual or the company will be relieved of most of their liabilities and will be able to have a fresh start.

CHAPTER 13

Chapter 13 Bankruptcy is a court approved payment plan that can last from anywhere from three to five years. This type of bankruptcy is more suited for individuals who have reliable sources of incomes to pay all or a fraction of their debts under protection and supervision of the  bankruptcy court. Under the law requires that the payments must be equal to what would have paid out in a Chapter 7 liquidation case. An important feature of Chapter 13 is that you will be permitted to keep all your assets while the plan is in effect and after you have successfully completed it. Once you complete it the plan, unsecure debts are discharged and other secured or priority debts may continue.

If you are considering bankruptcy and would like to know your options and which chapter you qualify for, you should contact a Bankruptcy Attorney in your area.

Maxwell Law Firm represents clients in North Carolina with: bankruptcy court, filing for bankruptcy, chapter 7 bankruptcy, foreclosure defense, chapter 13 bankruptcy representation, and loan modifications. You may schedule your appointment by calling 704-461-1883 or save 25% off the fees by scheduling your appointment online.

North Carolina Debt Relief Agency

By Bankruptcy Attorney

We assist clients :

• Foreclosure Proceedings
• Loan Modifications
• Debt Settlement Services
• Tax Services and Collection Defense
• Filing for Chapter 7
• Filing for Chapter 13

We take the time to review your financial information and determine which which options will work best for you. Our goal is to work through your financial difficulties and get a fresh start.

Maxwell Law Firm is a debt relief agency that represents clients in North Carolina with: bankruptcy court, filing for bankruptcy, chapter 7 bankruptcy, foreclosure defense, chapter 13 bankruptcy representation, and loan modifications. You may schedule your appointment by calling 704-780-1100 or save 25% off the fees and schedule online at http://maxwelllegal.com/consultations

BAD CREDIT HAS NEGATIVE EFFECTS

Bankruptcy Attorney

Maxwell Law Firm represents clients in North Carolina with: bankruptcy court, filing for bankruptcy, chapter 7 bankruptcy, chapter 13 bankruptcy representation, and loan modifications You may contact them at 704-780-1100 or online at http://maxwelllegal.com/consultations.html

Bankruptcy Attorney

FIRM BIO: Maxwell Law Firm, PLLC is a full service Law Firm that offers BANKRUPTCY, Business, Tax Services, and Traffic ticket Defense representation and services.

BANKRUPTCY

Maxwell Law Firm offers consumer bankruptcy services including representation in Chapter 7 Bankruptcy and Chapter 13 Bankruptcy representation.

Bankruptcy no longer has the negative stigma it once had. Today Bankruptcy is away for you take control of your finances and get back on track. Our Bankruptcy Attorney is dedicated to educating clients on bankruptcy laws, the bankruptcy process, and their rights against creditors. There are so many myths surrounding bankruptcy. During your personalized consultation I take the time to debunk those myths and educate you about filing for bankruptcy.

If you need assistance with unpaid medical bills, preventing foreclosure, preventing repossession, reduce financial liabilities, stopping wage garnishments, preventing collection calls, debt settlement, reduce or eliminate tax debt, and or rebuilding your credit consider consulting with us for your options. Bankruptcy gives protection to people in financial trouble who are drowning under piles of debt. Because of today´s difficult economic times millions of people are exercising this protection of filing bankruptcy, Chapter 7, or Chapter 13. The bankruptcy laws were created by Congress to provide relief to those who have been victimized by rising rate of unemployment, inflation, staggering medical bills, disability, high interest rates, foreclosure, divorce, or identity theft.

Less than 10% of Loan Modifications are approved by banks. The bank is less likely to modify a loan when they have the upper-hand and stand to make a lot of money off borrowers. Being in the middle of a loan modification will not stop foreclosure in North Carolina. This is fact and the Law.

Our Bankruptcy Attorney can assist you with: foreclosure, repossession, pay day loans, collection accounts, civil summonses, tax collection defense, tax liens, and wage garnishments.

We are a debt relief agency and can help you reduce or eliminate your liabilities and keep your property. We help people file for bankruptcy relief under the U.S. Bankruptcy Code. We not only assist you with filing for bankruptcy but the other related issues such as foreclosure defense, loan modifications, and the avoidance of judgments. To review the fees and costs associated with filing bankruptcy visit our bankruptcy page.

So that we can evaluate your unique financial situation, please call (704) 461-1883 or go to our consultation page to schedule your appointment to meet and discuss your case with a qualified Bankruptcy Attorney. TELEPHONE CONSULTATIONS ARE ALSO AVAILABLE.

Get Tax Help From a Licensed Tax Attorney

By Charlotte Bankruptcy Attorney

Bankruptcy Attorney--The role of the Bankruptcy Attorney is to educate the debtor about the bankruptcy process, state debt/collection laws, bankruptcy laws, prepare the bankruptcy petition, represent the debtor from inception until discharge.

Debtor--this party or parties filing for bankruptcy relief. Also synonymous with borrower/mortgagor.

Creditors--the debtor has made a promise to repay a debt owed to this party, either through instrument or exchange of good/ service, and or contract. Also synonymous with the lender/Lien holder/Mortgagee.

Chapter 7 Bankruptcy Trustee--this is someone appointed by the court, typically an Attorney, who overseas the bankruptcy process. He/She reviews the debtor's bankruptcy petition, debts, assets. If the debtor's assets are over the exempted amount allowed by state or federal law, they use these assets to pay creditors their pro rata share after they have received their administration fee.

For more information about bankruptcy and the process contact a Bankruptcy Attorney in your area. Maxwell Law Firm represents clients in North Carolina with: bankruptcy court, filing for bankruptcy, chapter 7 bankruptcy, chapter 13 bankruptcy representation, and loan modifications You may contact them at 704-780-1100 or online at http://maxwelllegal.com/contactus

Half the month is over and you are already broke? Talk to a Bankruptcy Attorney about your options

Charlotte Bankruptcy Attorney

Doing nothing and ignoring the calls, the letters, and emails from your creditors will only make matters worse.

Our Attorney not only discuss your options but will provide you with the best route to deal with: tax liens and debt, ensuing foreclosure, credit card debt, repossessions, unpaid medical bills, and or any other financial issue you may be having.

What we do for you:

1. Review your finances

2. Pull your credit report

3. Discuss your options (Bankruptcy and non-bankruptcy options)

4. Lead you down a path to becoming debt free !

You have nothing to loose and so much knowledge to gain! Outsmart the creditors at their own game, legally!

There are no gimmicks, scams, or tricks. I am NC Licensed Attorney the rates are fixed and to review them click fees.

Maxwell Law Firm represents clients in North Carolina with: bankruptcy court, filing for bankruptcy, chapter 7 bankruptcy, chapter 13 bankruptcy representation, and loan modifications You can schedule your appointment by calling 704-780-1100 or online at http://maxwelllegal.com/consultations.html

In California the Law Offices of Chirnese L Liverpool assist debtors with their options. You may call them at 818-714-2200.

Can Payday Loans be discharged in Bankruptcy?

Charlotte Bankruptcy Attorneys

Generally, a payday loan is a unsecured debt  that can be discharged in a chapter 7 bankruptcy.

Are Payday loans legal in North Carolina?

No Payday Loans have been illegal in North Carolina (N.C. Gen. Stat. § 53-281 ) since 2001.

What Should I do if I taken out payday loans and they are garnishing my checking accounts?

Consult with an Bankruptcy Attorney immediately. Most people take these type of loans out to pay their bills and because they are unable to pay their debts. A Bankruptcy Attorney can explain the bankruptcy laws, applicable state debt collection laws, and provide you with your options.

Maxwell Law Firm, PLLC advices clients on bankruptcy laws, assists clients with filing for bankruptcy, representation in bankruptcy court, loan modifications, defending against foreclosure, garnishments, deficiency judgments, help with medical bills, and payday loans. You can contact them at 704-780-1100

California Bankruptcy Attorney Attorney  Chirnese L Liverpool assists debtors in the Los Angeles Area 818-714-2200.

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Can the Bank still sue me if they have already foreclosed or repossessed property?

By Bankruptcy Attorney

There are certain circumstances where a lender can sue a borrower/debtor for what is called a deficiency judgment.

When a lender forecloses on your real property or a car is reposed, typically the lender will mitigate their damages. They mitigate their damages by selling the property at auction (foreclosure sale, or auto auction). The Lender can sue the debtor for the difference between what the debtor owes the lender and what the lender received at auction, if the amount received at auction is less than the debt. This is called a deficiency judgment.

What should you do if you are being sued by a creditor? Contact a Debt Defense and or Bankruptcy Attorney  immediately. Why? Because there is a big chance that the Attorney can prevent the judgment and or save your other property from seizure. Creditors can sell your other property once they receive a judgment and have a writ issued to satisfy this judgment. A Bankruptcy Attorney can also most likely save you from foreclosure and repossession if you contact them in time.

Maxwell Law Firm, PLLC advices clients on bankruptcy laws, assists clients with filing for bankruptcy, representation in bankruptcy court, loan modifications, defending against foreclosure, garnishments, deficiency judgments, help with medical bills, and payday loans.