North Carolina Bankruptcy

(800) 870-9465 If you are going to North Carolina Bankruptcy Court or need a North Carolina Bankruptcy Attorney then you need Cameron Law. Better in most cases then the touted "credit management", "debt reduction", "debt consolidation loans", "credit repair" and, "debt settlement"; It allows a fresh start and the ability to clean up your credit. Unlike a North Carolina Bankruptcy, none of the others help your credit, and most will damage it more.

Do you need Financial CPR+?
Cost - We strive to keep our cost down. We charge only $999 for a Chapter 7 Bankruptcy! Yes we have payment plans!
Personality - We are proud of our claim:
. . . Bankruptcy Law at its Friendliest!
Resourcefulness - We work hard to get you the best deal and most options possible!
+ Plus - We are open most weekends and evenings and work via Internet, Phone & USPS - No need to come to our office!

If you have property that is mortgaged, or that has a consensual lien on it (where you gave the lien) , you have three alternatives in a Chapter 7:

1) Surrender. In a Chapter 7 bankruptcy you can often give the property back and owe nothing. This is a good option when
a) the payment is unaffordable,
b) you owe more for the property than it is worth,
c) The property is in poor condition or is worthless and you want to return it.

2) Reaffirmation. You may sign a reaffirmation agreement to pay all or part of the amount owed for the property. You can negotiate the reaffirmation with some Creditors: You may be able to get lower payments, reduced interest, reduced overall amount or a longer term to repay. Reaffirmation is a good option when you owe less than the property is worth and the property is in good operating condition. You may have to catch up your payments in order to reaffirm, and a credit union may not agree to allow you to keep the property unless you also reaffirm with other loans. In such cases, you may want to consider redemption.

If the home is worth less than the 1st mortgage, then the second mortgage is basically an unsecured debt. You may be able to strip the second mortgage and pay it off in a Chapter 13 as an unsecured debt. Redemptions can only be done on personal property such as cars and can only be done in a Chapter 7. Stripping a lien can only be done in a Chapter 13. This may be a reason for filing a Chapter 7 and a Chapter 13.