C. Lee Schwilm Bankruptcy Law Blog

Regardless of where you live in North Carolina, many bankruptcy lawyers in Charlotte, Winston-Salem, Raleigh, High Point, and throughout the Blue Ridge Mountains will be willing to take your business. The client who has a pressing need for bankruptcy protection typically wants to get to work on it quickly.

Haste, however, sometimes makes waste. Not all situations call for a Chapter 7 or Chapter 13 personal bankruptcy filing. Certain... Read More

The following are some frequently asked questions and answers about bankruptcy protection:

Q: Why should I spend money on lawyers at a time when I am out of cash?

A: Without bankruptcy protection, your assets can and will be seized by creditors. Bankruptcy enables you to maintain at least some property, financial assets, and a greater ability to rebuild your life after.

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Television advertisements for online bankruptcy, divorce, and business incorporation products often fail to explain the full story on do-it-yourself legal work. Simply put, most of those legal documents work in only the simplest of scenarios. A North Carolinian who chooses not to work with a bankruptcy attorney might run into a host of difficulties if he or she makes a legal misstep against one or several creditors, who themselves employ experienced lawyers.

This is largely because... Read More

The most common perception of bankruptcy is that the individual is hopelessly mired in debt and will never be able to pay his or her bills. Such an individual expects to be required to sell off all assets, including cars and homes, and left with nothing at the end of the process. Fortunately, in North Carolina, including Charlotte, bankruptcy does not need to end that way.

The laws are written to provide an orderly process for disposing of debts. It does not make sense, for example,... Read More