Bankruptcy Attorney | Weik Law Office | Serving Raleigh, Durham, Cary, Chapel Hill, and Wake Forest, NC

• Once you file for bankruptcy, ALL creditor contact must stop. This includes calls at home and at work. Creditors are even prohibited from leaving you voicemail messages or sending you a monthly bill. Individuals have received monetary awards from creditors who violate this rule.

• The only way that someone will find out that you filed bankruptcy is if you tell them or they look up your information on the bankruptcy court website. How many times have you accessed that site?

• In 2007, over 824,315 consumer bankruptcy cases were filed in the United States Bankruptcy Court. Over 19,113 bankruptcy cases were filed in North Carolina. Chances are, you personally know someone who has filed for bankruptcy.

• Even if there is a divorce decree that divides and separates your property and debt, often times you may be able to override that decree when you file bankruptcy.

• Several very famous individuals have gone on the very successful careers after the filing of a bankruptcy. These include:
  • Walt Disney
  • Larry King
  • Donald Trump
  • Abraham Lincoln
  • Francis Ford Coppola
  • Kim Bassinger

• In a recent study, it was determined that over 25% of the creditors that were listed and discharged in bankruptcy offered new credit to Debtor’s once their case was discharged.

• A foreclosure can be stopped up until the date that an auction takes place on the home.

• Sometimes, an automobile can be returned to the individual even if it was previously repossessed.

• A garnishment can be stopped once a case is filed, and often times the money that was taken sixty (60) days before filing must be returned.

• According to the 2007 American Bankruptcy Institute, the 4th Circuit, which includes North Carolina, over 60% of the individuals polled ranked the Bankruptcy System as “excellent”. Another 30% ranked the Bankruptcy System as “good”. Overall, 90% of all individuals that filed for bankruptcy ranked the bankruptcy system as excellent or good.

• The top five primary reasons that individuals file for bankruptcy are as follows:
  • Ease of obtaining credit
  • Loss of job
  • Financial mismanagement
  • Medical problems
  • Marital and family problems

• Other reasons for filing include: Failure of a small business, creditor harassment, gambling problems, not enough money for retirement, incarceration of an individual or their spouse, addition of children to the family and getting hurt or injured at your job. No matter what your reason, we can help!!

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