We offer assistance in bankruptcy law and can help you with your financial issues.
Personal finances are something that almost everyone has a hard time discussing. However, when you file for bankruptcy, all your personal finances will be out in the open, discussed and analyzed. That’s why it is so important to fully understand and comprehend bankruptcy laws before you ever file for bankruptcy. Here at Meadows & Aderhold, P.A., we understand that many of our clients have been hit by hard times, bad luck, medical bills, crushing debt or a little bit of all of these and feel that bankruptcy is the only way out. If you are looking for an attorney who is knowledgeable in bankruptcy law and can assist you with bankruptcy options, you need our skilled attorneys here at Meadows & Aderhold, P.A.
At Meadows & Aderhold, P.A., we practice and specialize in the following types of bankruptcy law:
- Chapter 7 Bankruptcy– Chapter 7 bankruptcy is a type of bankruptcy law that is for both individuals as well as businesses. With Chapter 7 bankruptcy, a court will issue an “automatic stay”, which means creditors can no longer pursue you for the debts you owe and you will need to sell your properties and assets. This option works well for low-income or zero-income individuals.
- Chapter 13 Bankruptcy– Chapter 13 bankruptcy applies to individuals who want to keep their assets, but cannot afford their current debt payments. Your debts will be restructured and usually take somewhere between 3-5 years to be resolved.
- Debt Restructuring– When you are overwhelmed with debt, debt restructuring allows someone to negotiate with your creditors on your behalf for timelines, debt forgiveness, reduced payments, etc.
For assistance with bankruptcy law in the Mocksville, North Carolina area, contact us at Meadows & Aderhold, P.A. today.