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Retain a bankruptcy lawyer in Statesville, NC

Bankruptcy is something many people may consider a financial last resort, but this process may be the best way for you to deal with your debt. The Law Office of James B Mallory III in Statesville, NC can help you if you want to file for Chapter 7 bankruptcy. You'll meet with our bankruptcy lawyer to go over your options and determine the best course of action for your situation.

Contact us now if you need a lawyer.

What happens during Chapter 7 bankruptcy?

What happens during Chapter 7 bankruptcy?

If you're considering filing for bankruptcy, you'll want to learn about the effects of each kind of bankruptcy. If your Chapter 7 bankruptcy goes through:

  • The court will place a stay that stops creditors from collecting payments
  • You may have to liquidate nonexempt assets
  • Your qualifying debts will be wiped clean

Bankruptcy can also have a negative impact on your credit score, but debt alleviation may be worth this cost. Meet with a bankruptcy lawyer today to learn what debts do and do not qualify for Chapter 7 bankruptcy.