Chapter 7: Bankruptcy
Get a Fresh Start with Mark M. Harris Bankruptcy Attorney in Fayetteville, NC
Erase Unmanageable Debt With Chapter 7 Bankruptcy
Debt can quickly spiral out of control, making it impossible to keep up with mortgage payments, credit cards, and loans. Mark M. Harris, an experienced bankruptcy attorney in Fayetteville, NC, helps individuals file for Chapter 7 bankruptcy to discharge overwhelming debt. If financial struggles put your home at risk, bankruptcy may offer relief.
The Consequences of
Overwhelming Debt
When unpaid bills pile up, collection calls, lawsuits, wage garnishments, and foreclosure become real threats. Ignoring debt problems only worsens the situation, leading to financial instability and loss of assets.
How Chapter 7 Bankruptcy Works
Chapter 7 bankruptcy eliminates unsecured debt, giving individuals a fresh start. Benefits include:
- Debt Discharge—Wipes out credit card debt, medical bills, and personal loans.
- Immediate Relief—Stops creditor harassment, lawsuits, and wage garnishments.
- Quick Process—Most cases resolve within three to six months.
To qualify, individuals must pass a means test, ensuring eligibility based on income and expenses.
Is Chapter 7 Right for You?
Chapter 7 is ideal for those who:
- Have significant unsecured debt.
- Are struggling with wage garnishments and lawsuits.
- Need a fast and effective way to reset their finances.
However, Chapter 7 does not eliminate mortgage payments. If keeping your home is the priority, foreclosure defense or Chapter 13 may be better options.
Take Control of Your Financial Future
Bankruptcy provides a legal solution for those burdened by debt. Call 910-484-8198 to discuss whether Chapter 7 is the right option for you.