Benefits of filing a Chapter 13
1.Creditors will be forced to abide by the payments setup by your Attorney and approved by the Trustee.

Some Bankruptcy Attorneys maybe reluctant to discuss the Representation fees over the telephone. I take a different full disclosure approach and charge a flat fee based on Client’s marital status and charge additionally for business debt. The filing fee for Chapter 7 Bankruptcy is the same no matter where you are in the country that is $299.00. The Filing fee is paid to the Bankruptcy Court and Trustee for the administration of your Bankruptcy Case.

North Carolina ranks 5th of the 12 southern states, with respect Rich Text o unemployment and layoffs.

A lot of people come into my office with a pile of unpaid medical bills that have already been sent to collections or lawsuit on the debt. When a medical bills remains unpaid, the medical provider can sue you for breach of contract for failure to pay. Each collection item and judgment can negatively impact your credit.

Q. I have hundreds and thousands of dollars in unpaid medical bills. Can the doctor’s office sue me?

A. Yes they can sue for nonpayment on the debt. If your insurance does not pay for bill ultimately you are responsible. So they can sue and list the item on your credit report.

A mortgage underwriter is an individual who would undertake the process of putting your loan application together. Mortgage underwriting guidelines determine your options when you purchase or refinance a home. You must be prequalified for a mortgage by the underwriter before beginning the home search process.

Part of meeting the requirements that is used to determine whether you qualify to file for chapter 7 bankruptcy is the household income this is called the means test.

Domestic support obligation is Debts for alimony, maintenance or support owed to child, spouse or governmental entity that paid for the support of the child or spouse.

How to become Debt Free

The debtor can chose to reaffirm debts that would otherwise be discharged the bankruptcy. Generally, when a debt is reaffirmed, the parties to the reaffirmed debt have the same rights and liabilities that each had prior to the bankruptcy filing: the debtor is obligated to pay and the creditor can sue or repossess if the debtor doesn’t pay.