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.

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

Loosing your home to foreclosure? A Foreclosure Defense Attorney can assist you

NORTH CAROLINA FORECLOSURE DEFENSE ATTORNEY

MISSION STATEMENT

We are a North Carolina Debt Relief Agency and Law Firm. Our goal is to assist homeowner’s with keeping their homes and defending against foreclosure.

SERVICES OFFERED

Evaluation of your foreclosure;

Explanation of the foreclosure process and law;

Evaluation of your finances: Debts / Assets;

Availability of Programs Available to you;

Filing for Chapter 7 or Chapter 13 Bankruptcy ;

Tax Settlement

WHY YOU SHOULD HIRE US

Maxwell Law Firm, represents clients from all over North Carolina in a wide variety of debt cases. In the current economic climate many distressed homeowners have sought refuge in our offices to save there homes due to foreclosure, predatory lending, and or failed loan modification applications. Our firm assists you with the foreclosure defense best suited to resolve your specific situation.

Banks are required to take certain steps, in the correct order, with the correct timing, in order to have the right to foreclose. Without hiring an foreclosure defense attorney, you may not know whether the bank has done the foreclosure correctly. As foreclosure laws differ from state to sate, a duly licensed and trained North Carolina Foreclosure Defense Attorney who has knowledge of North Carolina Foreclosure Laws to tell you the merits of your case, defense available, and your options.

Other companies may make false promises and say they can save you from foreclosure. Our firm also assists clients with filing for bankruptcy, which definitely stops foreclosure process and may help you in saving home if you qualify.

SCHEDULING

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. We have offices in Charlotte and Concord, North Carolina. Our two offices offer clients the convenience of meeting face-to-face with an attorney without having to travel far and take time away from their live. TELEPHONE CONSULTATIONS ARE ALSO AVAILABLE. 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.

Failed Loan Modification? No Equity in Home? Foreclosure Near?

By Bankruptcy Attorney 

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 the foreclosure in North Carolina. This is fact and the Law.

A qualified Bankruptcy Attorney can assist you with: foreclosure, repossession, pay day loans, collection accounts, civil summonses, tax debt, liens.  We are debt relief agency/ Attorney's office that works hard so that you can become debt free and have a fresh start.

Maxwell Law Firm is a debt relief agency and represents clients in North Carolina with: bankruptcy court, filing for bankruptcy, chapter 7 bankruptcy, and chapter 13 bankruptcy representation. You may contact them at 704-780-1100 or online at http://maxwelllegal.com/contactus

 

California Bankruptcy Attorney Chirnese L Liverpool assists debtors in the Los Angeles Area. You may contact her at 818-714-2200.

What are my chances of having my Loan Modification approved?

By Bankruptcy Attorney

Here are some statistics on Loan Modifications:

1.  1.5 million HAMP trial modifications have been initiated since the programs inception in March of 2009.

2.  50% of the trial modifications have been canceled due to the borrower defaulting or the bank rejecting the homeowner after the trial period.

3.  Only 152,289 of the trial modifications that were converted to permanent status are currently active.

What does this mean you have a 1/10 chance of having your loan modification go through successfully.

In the early 2000’s a lot of people are signing up for ARM loans. An Arm loan could be very low - starting at around 2.5% - because interest rates are so low. If you're planning to be in the home for only a few years, you can get out before it adjusts up, but for most that was not the plan. So after the first five years, the rate spikes up and so does the monthly payment.

Why aren’t Loan Modifications that successful?

Well in the traditional setting where bank stands to earn a substantial amount of money on your arm payments, it is not in the banks best interests to adjust your rate down.

How can circumvent having my loan modification denied?

Consulting with an experienced Bankruptcy Attorney  should be your first step. A Bankruptcy Attorney can let you know what type of programs you qualify for and whether your application will likely to succeed. Depending on the amount of assets and debts you have you may qualify for some other kind of relief such chapter 7 bankruptcy or chapter 13 bankruptcy.

Maxwell Law Firm represents clients in North Carolina with: bankruptcy court, filing for bankruptcy, chapter 7 bankruptcy, and chapter 13 bankruptcy representation. You may contact them at 704-780-1100 or online at http://maxwelllegal.com/contactus. California Bankruptcy Attorney, the Law Offices of Chirnese L Liverpool can assists clients in the Los Angeles Area, you can reach them by  by calling 818-714-2200.

Signs you are in financial Distress

By Bankruptcy Attorney

1. You are unable to rent an apartment based on prior evictions or bad credit,

2. You are denied credit, based on negative credit history,

3. IRS or the State filed a tax lien against you,

4. You are in foreclosure, 

5. You have had vehicle repossessed,

6. You insurance premiums are higher based on your credit and not your driving record,

7. You have utilized a payday loan within the last six (6 ) months,

8. You have several unpaid medical bills ,

9. You use credit cards to buy necessary items: food, utility bills, ect and

10. You are making your payments late and at the minimum payment.

You do not have to face these issues alone, a qualified bankruptcy attorney can assist you with getting your life back on track and starting fresh.

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

FILE FOR BANKRUPTCY 2011: START REPAIRING YOUR CREDIT NOW

BY NORTH CAROLINA BANKRUPTCY ATTORNEY