New Bern, NC Debt Settlement Lawyers Offering Debt Relief Solutions to Clients Struggling with Financial Problems

If you’ve been dealing with overwhelming debt for years, you might wonder if this issue will continue forever. The reality is that it doesn’t have to. You can create a better future for yourself and your family that doesn’t involve harassment from creditors, and our law firm in New Bern, North Carolina can help.
When you contact our attorneys, you’ll get legal advice from a team with knowledge about numerous debt-relief options, from debt settlement to bankruptcy. We can work with you to determine the best solution for you based on your individual circumstances. Contact our New Bern law office to discuss your case with a caring lawyer.

How Does Debt Settlement Work?

A legal professional can help improve your financial situation in a few ways, one of which is debt settlement. When you opt for this solution, your New Bern attorney will negotiate with your creditors to decrease the amount you owe. In most cases, as long as you can afford to send a lump sum payment now, your creditors will agree to reduce your total to a portion of the original amount.
Before your New Bern attorney contacts your creditors, you’ll need to discuss the amount you’re willing and able to pay. After all, your creditors are unlikely to reduce the amount you owe if they think they can get more money from you by denying your settlement offer and threatening consequences like wage garnishment instead. This is why you need a skilled lawyer to counsel you through your legal options when it comes to reducing your debt. Contact our New Bern, North Carolina law office if you’re ready to talk to a caring attorney who is committed to improving your financial future.

What Are the Alternatives to Debt Settlement?

If you don’t have enough money to send a lump sum payment to your creditors, or if your creditors reject your settlement offer, you have other ways to eliminate your debt. The most common solution is bankruptcy, which is a straightforward way to get debt relief. An Eastern North Carolina lawyer will counsel you about the bankruptcy process to ensure it’s right for you, but it’s helpful to learn the basics of the most common bankruptcy chapters first.
Chapter 13 bankruptcy requires you to make a repayment plan that discusses how much money you will send each creditor monthly for the next three to five years. Once the bankruptcy payment period is over, you’ll no longer owe your debts. Since you’re paying your creditors a portion of the total you owe, you can keep your property during your payment plan, meaning you won’t lose assets like your home or car when you file for Chapter 13 bankruptcy.
If you don’t have enough steady income to make payments, you might qualify for Chapter 7 bankruptcy. Your New Bern lawyer must ensure your income is lower than the median income for North Carolina families the same size as yours. As such, only some clients qualify for this type of bankruptcy relief.
You won’t know until you talk to an attorney with knowledge of the Bankruptcy Code in North Carolina. When you come to our law office in New Bern, you’ll speak with a legal professional who will consider your total debt, current income, and individual circumstances before recommending the bankruptcy chapter that’s right for you. To learn how bankruptcy relief can improve your future, call our New Bern law office to schedule a free consultation.

Why Should You Seek Legal Help with Your Debts?

When you’re struggling to pay bills, you might not immediately consider hiring a law firm to eliminate debt. But it turns out that legal assistance is often recommended to protect yourself from creditors. After all, when you get behind on payments, creditors are likely to threaten consequences that include:

• Liens
• Wage garnishment
• Foreclosure
• Repossession
• Lawsuits

If you’re tired of the stress of creditor harassment, you should contact an Eastern North Carolina law firm to learn which debt relief solutions are available. You might be surprised at how local lawyers can protect you. Legal professionals often have years of experience helping families navigate financial issues, so they can ensure you understand your legal rights as you resolve your overwhelming debt.
More specifically, skilled New Bern lawyers can negotiate on your behalf during debt settlement so you don’t have to contact creditors. They can also explain each bankruptcy chapter so you know what to expect from the filing process. If you’re ready to talk to a caring New Bern legal team about bankruptcy, debt settlement, and other ways to protect your future, schedule a meeting at our law firm.

Are You Ready to Hire a New Bern Attorney?

At Gillespie & Murphy, P.A., we have helped numerous families finally get out of debt using the best option for their circumstances. If you need help settling your debts so you can pay them off faster, our legal team can advocate for you by negotiating a lower amount with your creditors.
Our attorneys are also knowledgeable about the Bankruptcy Code, which is the federal law that governs the bankruptcy process. Whether you’re interested in Chapter 13 or Chapter 7 bankruptcy relief, we can help you decide on the right option and file your case with the court. We’ll give you the personal attention you deserve as we review your financial circumstances before filing for bankruptcy, as we want to give your family the best possible outcome.
To learn more about how our law firm can help you through bankruptcy, debt settlement, and other solutions, schedule a meeting at our law office by calling 252-659-5045. We’re eager to use our knowledge of the law to give your family a better financial future.