Durham County Bankruptcy Advice Find Out How to Get Your Debts Under Control

How Chapter 7 or Chapter 13 Can Help Durham County Consumers Dig Out of Debt

From US 501 down to I-40, Durham is home to almost 240,000 people, many of them still reeling from the recent employment downturn and trying to put their finances back together. For those that got behind on mortgage payments or ran up their credit cards when times were tough, it may be hard to figure out how to get current on your debts. We can help.

Have you been sent a foreclosure notice on your home?

While foreclosures are down in many areas of NC, in Durham they are up dramatically. Between December and January (the most recent period reported), foreclosures were up more than 12% and when you look at January 2014 compared to the same time last year, the increase is a staggering 64%. There was a period where mortgage companies were lax in enforcing foreclosures because property values were on the decline, but now that the local real estate market is rebounding, lenders are picking up the slack and filing foreclosures.

Are you drowning in credit card debt?

If you've had a bout of unemployment, have had your hours cut back or have been forced to take a job outside of your area of expertise at a lower wage, you may have fallen back on credit cards to pay for necessities. Credit cards should be used rarely and paid off in full each month. But during tough economic times, far too many Durham residents have maxed out their cards to pay the bills, buy groceries and put gas in their car to get to work. Once cards are at their limit, it's hard to get them back under control.

Let the Expert Attorney at the Law Offices of John T. Orcutt Help You

No matter what financial stress you're experiencing, we can help. If it's credit cards, medical bills, online payday loans, garnishment, auto repossession or home foreclosure, let us show you how you can get a financial fresh start today. Depending on your income, assets and debts, we can explain the benefits of Chapter 13 versus Chapter 7. We can look at your records and see which plan you qualify for and advise which is preferable for your specific circumstances.