Best Bankruptcy Lawyers Concord, NC

Concord, NC Bankruptcy FAQs

• Where do I file for bankruptcy in Concord, North Carolina?

  You may visit the U.S. Bankruptcy Court in Charlotte at 401 West Trade Street, Suite 2500, Charlotte, NC 28202 to file for a Concord bankruptcy case. The court is open every Monday to Friday, from 8:30 a.m. to 4 p.m.

• Where can I get bankruptcy forms in Concord, North Carolina?

  You can obtain copies of Concord bankruptcy forms at https://www.ncmb.uscourts.gov/forms/all-forms?field_form_cat_value%5B%5D=co_chap_13&items_per_page=12.

• What requirements must be met to be eligible for chapter 13 bankruptcy in Concord?

  In order to be qualified for a chapter 13 bankruptcy in Concord, you have to fill out the required paperwork, demonstrate that your tax filings are updated, show that you have a job and can generate sufficient funds to pay the required payments monthly, and prove that all of your secured and unprotected debts are lower than $2,750,000.

• After officially applying for bankruptcy in Concord, will your creditors still contact you?

  No, as soon as a bankruptcy petition is filed in Concord, an order known as the "automatic stay" prevents creditors from pursuing any action to recover a debt, including conducting collection calls, foreclosing on a property, issuing collection letters, and seizing vehicles. Both chapter 7 and 13 bankruptcy filings have the automatic stay provision.

• Will filing for bankruptcy in Concord permanently damage your credit?

  No, a bankruptcy proceeding in Concord won't permanently damage your credit. A bankruptcy record will be removed from your credit information after seven to 10 years. Additionally, if you have made the needed basic payments every month on time, your credit score will likely increase again.

• What variables affect the fees for a bankruptcy lawyer in Concord?

  The cost of a bankruptcy lawyer in Concord often depends on various variables, including the type of bankruptcy, how often you and your lawyer will meet for consultation, the lawyer's level of experience, the client's income, and Concord's overall cost of living. The case's complexity may also affect how much filing for bankruptcy will cost. For example, if you have been married and filed jointly with your spouse, the legal fee may be higher.

• Are you required to name all your creditors while declaring bankruptcy in Concord?

  Yes. When filing for bankruptcy in Concord, you must disclose the names and locations of all your creditors. This is because the bankruptcy court will inform each of your creditors that you filed for bankruptcy, and in some situations, creditors will immediately stop allowing you to borrow money. Additionally, failure to list every creditor you owe money to may prevent you from receiving a general discharge or the dismissal of a specific debt to that creditor.