Have You Received a Notice About Pending Foreclosure?
Drowning in Debt?
We’re Here to Help.
The Mark M. Harris Law Office is a Debt Relief Agency Located in Fayetteville, NC
Serving Cumberland, Hoke, Bladen, Sampson, Harnett, Columbus, Robeson, and Moore Counties, and the Fort Bragg Community
If you’re facing overwhelming financial challenges, such as a job loss, medical emergency, or unexpected repair bills, you may feel as though creditors are threatening to take everything you own. However, there are ways to regain control of your finances and move toward a fresh start. Bankruptcy can provide much-needed relief and the peace of mind you deserve.
About Your Attorney Mark M. Harris
Proud to serve military vets and Fort Bragg community
Attorney Mark M. Harris is part of Smith & Dempster P.A. law firm. As an Air Force veteran, he is deeply committed to helping the military community with financial challenges like bankruptcy. Understanding the unique struggles veterans and active-duty service members face, he knows how to protect security clearances during the process. Mark encourages military personnel to take action before it’s too late, offering experienced and compassionate representation to help secure a fresh financial start while safeguarding their careers and clearance status.
Many People Have Concerns and Questions About What Bankruptcy Means for their Future. You Might be Wondering:
- Would my credit be destroyed?
- Could I lose my car?
- Would I be able to keep my home?
- Would I have to sell off my possessions?
- How much will it cost to file for bankruptcy?
Attorney Mark M. Harris will address these questions and provide clarity as you navigate the process. With over 20 years of experience, we have successfully helped individuals and families, just like you, regain their financial footing.
Understanding Bankruptcy Options
When it comes to filing for bankruptcy, individuals typically choose between two options: Chapter 7 and Chapter 13. Which one is right for you depends on several factors, including your income, expenses, assets, and the nature of your debts. Here's a look at each option:
Chapter 7 Bankruptcy
(Liquidation)
- This type of bankruptcy can help eliminate a variety of unsecured debts, such as credit card bills, medical expenses, personal loans, deficiency balances from repossessions, and certain tax debts.
- Chapter 7 typically takes less time than Chapter 13 and allows for faster recovery of your credit.
- It’s a less costly option compared to Chapter 13, but there are strict income requirements to qualify.
- No repayment plan is required, and most unsecured debts are discharged in Chapter 7.
- Even though Chapter 7 is known as liquidation bankruptcy, North Carolina’s generous exemptions make liquidation of assets extremely rare.
Chapter 13 Bankruptcy
(Repayment Plan)
- Chapter 13 bankruptcy involves creating a repayment plan to catch up on debts such as mortgage payments, car loans, taxes, and child support over a period of 3 to 5 years.
- This type of bankruptcy can protect you from foreclosure or vehicle repossession, offering you a chance to reorganize your finances.
- Attorney Mark M. Harris often files Chapter 13 bankruptcy cases quickly to provide immediate protection.
- Most of the attorney fees are included in the repayment plan, so that you dont need to worry about a massive upfront payment.
- Chapter 13 is often an ideal choice if you are looking to have a more flexible repayment plan.
Received a Notice of Foreclosure? Foreclosure Hearing? Sale Date?
Do Not Hesitate to Act
Let Us Save Your House
Personal Bankruptcy
Protect your assets and get a financial reset.
We’ll explain your options and the impact of filing.
Practice Areas at Smith & Dempster P.A.
- Family Law
- Criminal & Traffic
- Personal Injury
- Social Security Disability (SSDI)
- Worker's Compensation
- Wrongful Death
- Juvenille Law