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Important Decisions when Filing a Bankruptcy in Greensboro

Knowing that a bankruptcy in Greensboro is looming has probably left you feeling scared, anxious, and perhaps a little angry at the creditors and collection agencies that have spent months hounding you. You may also fear being viewed as a failure by family members, friends, and business associates.

In addition to the stress associated with filing for bankruptcy in Greensboro there is stress connected with the cause, whether job loss, divorce, major illness, business closure, or something else. This could easily be the most challenging time of your life, which is understandable but there is help available.

Even though you feel completely overwhelmed, a reputable bankruptcy attorney in Greensboro can provide assistance that ultimately will reduce stress and get you on the road to a healthier financial life.

Key Considerations

Although filing for bankruptcy in Greensboro is crushing, a qualified attorney will do everything possible to ensure the best outcome as possible. When faced with a dire financial situation, some specific things to consider include:

  • Proactive Measures – If you are not faced with immediate foreclosure, lawsuit, or other time-sensitive loss, spend time locating the right bankruptcy attorney in Greensboro. Securing legal services early on provides the attorney adequate time to assess your situation and devise a plan.
  • Experience – As part of your search for a bankruptcy attorney in Greensboro, remember that one-size does not fit all. By choosing an attorney who specializes in the area of bankruptcy, there will be a greater degree of knowledge pertaining to new laws and regulations on local, state, federal, and even trustee levels. Although paralegals commonly assist lawyers, the attorney hired should be the primary person working on your case.
  • Chapter 13 – If you need to file Chapter 13 bankruptcy in Greensboro, cooperating with demands of the trustee is imperative. While much of this will be the responsibility of the hired attorney, you should be aware of all requests and deadlines.

Last Resort

Even the best bankruptcy attorney in Greensboro will agree that filing Chapter 7 or Chapter 13 should be a last resort. If applicable, an attorney will discuss various solutions with you. For example, the attorney may advise you to try to work out a payment arrangement with the creditors or perhaps consider a debt consolidation program. However, after exhausting all possibilities, filing for bankruptcy in Greensboro may be your only option for getting out of debt.

To make the process less stressful and to avoid unpleasant surprises, it actually helps to become educated about the bankruptcy process. Although your bankruptcy will not make the front page of the local newspaper, it will be listed in the appropriate section. For this, being aware gives you the opportunity to prepare mentally and emotionally.

It is important to remember that life does go on after bankruptcy. However, while going through the process, you want to gain as much information possible. Thanks to services like Bankruptcy-America and others found locally in Greensboro, you will have no trouble getting the information needed.

[i] WUNC 91.5 – http://wunc.org/post/greensboro-mayor-files-bankruptcy

[ii] News & Record – http://www.news-record.com/news/local_news/beleaguered-shakespeare-festival-files-for-bankruptcy/article_1b325588-e7ca-11e4-93a7-87a361be8360.html