Raleigh Bankruptcy Attorneys
It is no secret that a troubled economy leads to an increase in bankruptcy and foreclosure. Many average Americans are still coping with the financial challenges of a deep economic recession. According to the United States Courts, about 1,593,081 people and businesses in the United States filed for bankruptcy last year. Government statistics report that 26,674 of these bankruptcies were filed in North Carolina in 2010. This statistic reflects a significant increase in the number of bankruptcy filings from 2007, when North Carolina businesses and individuals filed 19,710 total bankruptcies.
If you or your business have acquired debt and are no longer solvent, the best thing you can do is reach out to an experienced Raleigh bankruptcy lawyer. The highly qualified attorneys at the law firm of Hatch, Little & Bunn, LLP can help you decide if bankruptcy is the most beneficial option for you.
Guiding you in troubled times
During this difficult economic period, many people worry that their financial problems might eventually force them to foreclose on their homes. Typically, foreclosure begins when a homeowner falls behind on mortgage payments. The lender commences the legal process of selling the home at auction in order to obtain payment for the loan. A record 2.82 million foreclosures took place in 2009. The foreclosure rates in North Carolina doubled between 2001 and 2010—from 35,000 to 70,000 annually.
If you are facing foreclosure, do not give up hope. A bankruptcy lawyer in Raleigh can help you avoid foreclosure, keep your home, and plan your financial future.The dedicated Raleigh bankruptcy lawyers of Hatch, Little & Bunn, LLP work with your lender or a certified housing counselor to come up with alternatives to foreclosure. In many cases, filing a Chapter 7 or Chapter 13 bankruptcy can help you delay foreclosure or avoid it completely. After you file bankruptcy, the court issues an Order of Relief. This order includes a provision for automatic stay, which directs your creditors to cease collection activities immediately.
Bankruptcy lawyers in Raleigh, NC assist you in determining what type of bankruptcy is appropriate for your situation, and protect your interests in the event that the lender obtains a motion to lift the stay. At Hatch, Little & Bunn, LLP, our bankruptcy specialists can give you the personal attention and legal knowledge you need to resolve your debt problems.
Raleigh bankruptcy attorneys helping you avoid foreclosure
Hatch, Little & Bunn, LLP has provided comprehensive legal services to individuals and businesses throughout North Carolina for over 50 years. Our bankruptcy specialists have over 30 years of experience helping creditors find alternatives to foreclosure. To discuss your financial concerns, contact Hatch, Little & Bunn, LLP today.