Legal Question in Bankruptcy in North Carolina

Jumping off a bridge is not a solution. Absolutely - you should consult with a bankruptcy attorney. I do not file bankruptcies, but you should see if a bankruptcy attorney in the area offers a free consult. Many do. Educate yourself about bankruptcy and the different chapters. If you want to save your home, you are going to have to find a way to get current on your mortgage within 30 days after you file the bankruptcy petition if you want to file a chapter 7. If you cannot get current that quickly, then you can do a chapter 13 and repay the amount you are behind over a 3-5 year period under a payment arrangement through the bankruptcy court. However, you need a steady income stream to do that.

It is important that you do not ignore the Notice of Exemptions that is sent out by a judgment creditor prior to issuance of a Writ of Execution. North Carolina, as well as all other states, allow for exemptions from seizure, but they must be claimed. Bankruptcy could be a viable solution both to discharge debt, but also to allow time to cure default in payments to a secured creditor. Of course, your whole situation must be considered before charting a course of action. Many bankruptcy lawyers will consult with you at no charge and undertake such an evaluation, others may charge a nominal fee. Make the call and go in with your paperwork, if for no other reason, but to know what the creditors can and cannot do.