• Prepare for the Holiday Season Shopping

    You might be thinking about Halloween. Maybe you’re planning ahead for Thanksgiving. But what about Christmas / Hanukkah? The year’s biggest spending month is approaching quickly.
    While the giving spirit is laudable, it’s often easy to get caught up in the generous spirit and overdo things. The season will feel much brighter if you aren’t worried about the bills piling up come January.

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  • Match Your Financial Perceptions with Reality

    The question is, does your perception of your financial state reflect reality? In an attempt to protect ourselves from bad or unpleasant situation, we can tend to deflect rationalize our situation so it doesn’t seem so terrible. Have you warped your view of your situation so that your perception is no longer reality.

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  • Find Freedom from Debt

    Freedom from debt is not an easy path to travel. In July we honor our freedom and independence from England. It’s a good time to be thinking about freedom from other things, such as debt. The people of America felt chained by the rules of a king thousands of miles away, and they wanted to break free from those shackles just as many Raleigh and Cary residents want to break free from the manacles of their debt.

    Finding that debt relief is scary, and fear of the unknown prevents many from asking about Chapter 7 or Chapter 13 bankruptcy.

    According to Epiq Systems, the number of people filing for bankruptcy is down in June 2013 by 11.5 percent. In the 4th Circuit Court, which covers North Carolina, that figure is higher, at 12.3 percent.

    While that may sound like a good sign for the economy, studies show that about 10 percent of the U.S. population would benefit by filing Chapter 13 or Chapter 7 bankruptcy, including many people in the Triangle.

    The process of filing for bankruptcy is scary, but the colonials of early America marched forward, fearful and unsure, but somehow knowing a better future lay ahead.

    When evaluating a consumer’s specific situation, there are three general areas that are focused on.

    1.  Purpose – A bankruptcy attorney will ask about the purpose of the filing. For example, is it due to unsecured debt, credit card or medical debt? Are you trying to save a home or car?

    2.  Income – A consumer’s income plays an important part in determining whether he/she can file for a Chapter 7 or Chapter 13 bankruptcy.

    3.  Assets – Some assets are not exempt from bankruptcy, while others are allowed under the bankruptcy code. It’s also important to understand that just because an asset is not exempt, does not mean a consumer cannot keep it. A bankruptcy attorney can review assets to determine which ones qualify.

    Contacting a bankruptcy attorney is not the same as marching forward with a bankruptcy filing. Other financial options are possible. But reaching out to a general who knows the battlefield of debt well, guarantees a strong leader — no matter where the fight for debt freedom will go.

    Note: This is a general overview of the steps. The only way a consumer can be sure of his/her bankruptcy filing is to talk to a bankruptcy attorney.

    Dennis Sargent is a Raleigh and Cary attorney at The Law Office of Dennis Jay Sargent Jr., PLLC. Dennis offers debt relief, helping people in the Triangle file for Chapter 7 or Chapter 13 bankruptcy under the United States Bankruptcy Code. He is a proud member of the National Association of Consumer Bankruptcy Attorneys and the American Bankruptcy Institute.

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    2500 Regency ParkwayCary, NC 27518919-654-4545
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Chapter 7 Bankruptcy
In over your head with bill collectors knocking on your door? While bankruptcy should not be taken lightly, for some, a Chapter 7 filing can provide a way to start over.

Chapter 7 is the most common form of bankruptcy filing, and it’s the one most Raleigh and Cary residents ask about when meeting with a bankruptcy lawyer. It’s sometimes called “straight” bankruptcy or “no asset” bankruptcy, and wipes out most types of unsecured debts.

Why Chapter 7: Chapter 7 bankruptcy can cancel most of your debt and still allow you to keep your car, household goods and other possessions. Chapter 7 is also the shortest, generally taking about 100 days from the date of filing until you receive your discharge and start rebuilding your credit

You Should Know: Not everyone qualifies to file under Chapter 7. There are income and asset limitations that must be accounted for to determine if you qualify.

Filing for bankruptcy is not the easy choice, but it can be the smart one. Call Dennis Sargent today to find out how we can tackle your debt so you can get the fresh start you need.

Bankruptcy Petition

Chapter 13 Bankruptcy
Scared you will lose your home or car? Facing foreclosure or repossession? Filing for Chapter 13 bankruptcy is a chance to wipe the slate clean while still keeping your property.

The recession has prompted more Raleigh and Cary homeowners to asking bankruptcy lawyers about Chapter 13. Also known as “reorganization” bankruptcy, Chapter 13 is a way to set up a repayment plan on your major debts.

Why Chapter 13: By filing Chapter 13 bankruptcy, you can repay some debts and cancel out others while still keeping your home or your car. This form of bankruptcy is filed by many Triangle, North Carolina residents whose income or assets are too high to qualify for Chapter 7.

You Should Know: At the end of your repayment plan, if you are current on you are current on your domestic support obligations and completed the proposed reorganization plan, you will receive a discharge of your unsecured debts and get a fresh start.

No matter what type of bankruptcy filing you think you need, it’s best to check with a bankruptcy lawyer to make sure you choose the approach that best fits your situation.

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Are you in need of a trustworthy Cary / Raleigh, NC bankruptcy attorney? We can help. At The Law Office of Dennis Jay Sargent Jr, PLLC, our legal professionals can provide you with passionate, aggressive representation to get you the results that you want and deserve. We understand how overwhelming the prospect of bankruptcy and its filing process can be. We are here to offer you the guidance that you need to get back on track, so you can get a second chance at a debt-free financial future.

Filing for Chapter 7 or Chapter 13 procedure will help you to eliminate your debt and give you a fresh start at a new financial future. Many times, debts are not caused by an inability to manage your finances properly. Often, debts are caused by an unanticipated life change such as divorce or sudden job loss.

Bankruptcy is not for everyone. Whether you are struggling with medical bills, credit card debt, or you were recently laid off at work, we offer our clients a free initial consultation to help you to decide if this choice is the right one for you.

The Cary / Raleigh, NC bankruptcy attorney that you can count on to provide you with the sound legal guidance and counsel that you need is just a phone call away. Call us at The Law Office of Dennis Jay Sargent Jr, PLLC today to schedule your free initial consultation.

Understanding the Benefits and Drawbacks of Bankruptcy in Raleigh, NC discusses the ins and outs of different bankruptcy chapters, and whose situation they fit best.