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Debt Relief

Chapter 7 Bankruptcy Lawyer in Charlotte, NC

How do I know if chapter 7 bankruptcy is right for me?

Have you made the decision to file for bankruptcy in North Carolina? If so, you may be wondering which form of bankruptcy is right for you. While Chapter 7 would allow you to discharge most if not all of your debt in a short period of time, it is important to understand that not all debtors will qualify. Oppositely, anyone can file for bankruptcy under Chapter 13, but this process allows for much more gradual debt relief. For this reason, it is highly recommended that you discuss the specific nature of your case with a Charlotte bankruptcy attorney at Love & Dillenbeck, PLLC before rushing into a decision.

Contact our firm today to schedule your free initial consultation.
We are available 24/7 to take your call.

Qualifying for Chapter 7 Bankruptcy: The Means Test

In order to determine whether or not you qualify for Chapter 7 bankruptcy, you will have to take what is known as a means test, which is essentially a set of criteria to prevent anyone from abusing the right to declare bankruptcy. It will take your total monthly income and the amount and type of debt that you owe into consideration. If you don't correctly calculate your income, you will not be allowed to pursue bankruptcy, so it is important to work with a Charlotte bankruptcy lawyer. In doing so, you can ensure that you don't make a critical mistake.

When you move forward with Chapter 7, you will be able to obtain an automatic stay to protect you from debt collector abuse and wage garnishment. Your case will be assigned a bankruptcy trustee by the court to oversee liquidation of a certain amount of your property in order to pay off your creditors, though it is a common misconception that you will have to lose everything. Your attorney can help you at various stages to protect your property and assets. At the end of the process, you will have freedom from the burden of your debts and a chance to start over.

Looking for a fresh start? Discuss your options with our firm today.

Love & Dillenbeck, PLLC's goal is to help you and your family achieve the best possible result when you file for bankruptcy. When you come to our office for a free initial consultation, we will take the time to answer all of your questions. Unlike many attorneys in this field, we go further than helping you file a petition and discharge your debts. Many debts would be allowed to follow you into life after bankruptcy, such as student loans and liens on property, but our legal team will fight in court to help you shed as much of the financial burden as possible. We want you to fully enjoy the rewards of taking necessary steps towards financial freedom, so we encourage you to get started today.

Love & Dillenbeck, PLLC is available 24 hours a day, 7 days a week to take your call. Schedule a free initial consultation with a Charlotte bankruptcy lawyer today.

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Love & Dillenbeck, PLLC - Charlotte Bankruptcy Attorney
Located at 324 Rensselaer Ave Charlotte, NC 28203. View Map
Phone: (888) 498-2079 | Local Phone: (704) 512-0983.