Personal Injury Lawyer
Office Locations
Contact the Law Offices of James Scott Farrin
1-866-900-7078
Contact the Law Offices of James Scott Farrin 1-866-900-7078

5 Reasons You Should Consider Filing for Bankruptcy

The decision to file bankruptcy is a deeply personal one that can have a big impact on your life. If it's the right decision for you, it could give you the relief you need to get a fresh financial start and to start taking back your life from the stress and anxiety that overwhelming debt has caused you.

There are many reasons why you might consider filing for bankruptcy, depending on your personal circumstances, including your total debts and your income.

Here are 5 of the top reasons why you might consider filing for bankruptcy:

Confused3_07312014You Have Excessive Credit Card Debt

Credit card debt compounds over time, with high interest rates making it difficult for you to pay down the principal and get out from under the debt. If you qualify for a Chapter 7 bankruptcy, you can discharge all your credit card debt. If you have high credit card debts, bankruptcy can offer you a great deal of relief.

You Have Excessive Medical Bills

If you are injured or become seriously ill, your medical bills can add up fast. Similar to credit card debt, medical bills are almost always unsecured debts. If you qualify for a Chapter 7 bankruptcy, you can eliminate these debts and get relief.

You are Behind on Your Mortgage

If you lose your job or become mired in debt, you may fall behind on your mortgage. Bankruptcy may be able to save your house and help you to catch up on missed payments. A Chapter 13 bankruptcy filing can reorganize your debts and offer you a payment plan, allowing you to include past due mortgage payments. Of course, you will have to pay on the past due amount while also paying your current mortgage payment.

You are Being Harassed by Creditors

When you start to get in over your head in debt, it can feel like you are being hounded by creditors. You may start to dread answering the phone or opening your mail. When you file for bankruptcy, your creditors are prohibited from contacting you about your debts. All the letters and phone calls must stop. If they continue to contact you after you file, you may be able to file legal action against them.

You Have Exhausted Your Options

Bankruptcy is often a measure of last resort for many people. Many try to work out a repayment plan with their credit card companies and mortgage companies but either have no success or don't find enough relief to catch up on their debts. If you have already tried to work out payment arrangements yourself and are still struggling to pay your debts each month -- or maybe are accumulating even more debt in the process -- then bankruptcy may be right for you.

North Carolina Bankruptcy Lawyer

A North Carolina Board Certified Specialist in Consumer and Business Bankruptcy Law at the Law Offices of James Scott Farrin is ready to help. Call 1-866-900-7078 for a free evaluation of your case.

Find out how you may be able to get the debt relief you need and get back on the road to financial recovery!

*Certain debts may be considered non-dischargeable if the creditor takes action in your case. Those debts include debts obtained by fraud, embezzlement, and willful and malicious conduct. These situations are very rare and are dependant upon your specific facts and circumstances. Your bankruptcy attorney will discuss whether this may apply in your case with you at your free consultation.

Contact Information

Raleigh Law Office

5848-100 Faringdon Place
Raleigh, NC 27609
Phone: 919-834-1184
Toll Free: 1-866-900-7078

Durham Law Office

280 South Mangum Street, Suite 400
Durham, NC 27701
Phone: 919-688-4991
Fax: 800-716-7881

Fayetteville Law Office

517 Owen Drive
Fayetteville, NC 28304
Phone: 910-488-0611
Toll Free: 1-866-900-7078

Charlotte Law Office

201 McCullough Drive, Suite 220
Charlotte, NC 28262
Phone: 704-599-1078
Toll Free: 1-866-900-7078

New Bern Law Office

1505 South Glenburnie Rd, Unit P
New Bern, NC 28562
Phone: 252-634-9010
Toll Free: 1-866-780-3422

Greenville Law Office

702 G Cromwell Dr.
Greenville, NC 27858
Phone: 252-355-5205
Toll Free: 1-866-780-3227

Greensboro Law Office

300 N. Greene Street, Suite 850
Greensboro, North Carolina 27401
Phone: 336-665-7072
Toll Free: 1-866-900-7078

Goldsboro Law Office

214 South William Street, Suite 3
Goldsboro, NC 27530
Phone: (919)-731-2581
Toll Free: 1-866-900-7078

Henderson Law Office

514 Dabney Drive, Suite 200
Henderson, NC 27536
Phone: 252-492-4600
Toll Free: 1-866-900-7078

Roanoke Rapids Law Office

709 Julian R. Allsbrook Highway
Roanoke Rapids, NC 27870
Phone: 252-537-9670
Toll Free: 1-866-900-7078

Rocky Mount Law Office

3202 Sunset Avenue, Suite B
Rocky Mount, NC 27804
Phone: 252-937-4730
Toll Free: 1-866-900-7078

Sanford Law Office

703-B South Horner Boulevard
Sanford, NC 27330
Phone: 919-775-1564
Toll Free: 1-866-900-7078

Wilson Law Office

2315 Airport Blvd Suite A
Wilson, North Carolina 27896
Phone: 252-246-9090
Toll Free: 1-866-900-7078

Winston-Salem Law Office

301 N. Main Street, Suite 2409-C
Winston-Salem, NC 27101
Toll Free: 1-866-900-7078