As a bankruptcy attorney in Asheville, NC, many of my potential clients ask about what they should tell creditors who call repeatedly.The creditor conversations usually go similar to this hypothetical conversation: “Sir, if we don’t receive at least $100 this month, we are going to be forced to take legal action.” Or, “This debt is…
Here’s a hypothetical fact pattern for an initial consultation bankruptcy consultation: I sat down with the potential client for an initial consultation, and began talking about the things she owned.She gave me an uneasy look, and shifted in her chair.I repeated the question, “Do you own any jewelry?” She looked at her husband then back…
As an Asheville bankruptcy attorney, I spend the majority of my time during initial consultations speaking to clients about the negative consequences of filing a case.Most people understand the benefits of discharging unsecured debt through a Chapter 7 filing, or catching up on mortgage payments through Chapter 13.However, some of the most rewarding professional work…
As an Asheville bankruptcy attorney, I help people make decisions about what to do when they fall behind on their mortgage. An article which I contributed to (along with William J. Whalen at Pisgah Legal, and Walton Davis at Stone & Christy, PA) outlines some good advice in yesterday’s Asheville Citizen-Times. Here is a link…
As an Asheville bankruptcy attorney, I hear about the stress every day.The harassing collection calls continue even though you have asked them to stop calling.Every two weeks, you try to decide which creditor to pay.Perhaps the sheriff has dropped off lawsuit paperwork, and you are hoping your neighbors were not watching.In any event, when you…
As an Asheville bankruptcy attorney, I speak to people daily about the differences between debt settlement programs and filing a bankruptcy case.People enter debt settlement programs with very good intentions:they want to avoid a bankruptcy case.Unfortunately, debt settlement companies overpromise and often spend the bulk of their company’s resources on sales and marketing. Listen to…
As a bankruptcy attorney in Asheville, I recommend a bankruptcy case for about half the people I meet at an initial consultation.Half of the people I see, in my opinion, are better off not filing a case.For those folks, we spend the bulk of our time together at their free consultation discussing bankruptcy alternatives and…
As an attorney practicing bankruptcy law in Asheville, NC, I frequently sit down with folks who have for one reason or another fallen behind on their mortgage payments. They are wondering about when the mortgage company can foreclose, and what that process entails. First Mortgage Default After falling behind about 3-4 months on your first…
As an Asheville bankruptcy attorney, I speak to people daily about rebuilding their credit scores after filing a bankruptcy case. Bankruptcy cases usually are used as a tool to speed up financial recovery while protecting assets at the same time, and a credit card can help increase your credit score post-filing. My good friend and…
As an Asheville bankruptcy attorney, I speak with potential clients about their alternatives to bankruptcy during their free, initial consultation. Many clients are concerned about preserving their credit moving forward, and wonder if proposing a 30%-50% settlement to their creditors is better than filing for Chapter 7 or Chapter 13. Advantages of Debt Settlement Avoiding…