As an Asheville bankruptcy lawyer, one of my primary functions is to help potential clients focus on their best financial options in order to speed up a recovery. One of the options I commonly discuss at first client meetings is protecting assets by utilizing exemptions without using bankruptcy. Unfortunately, this asset protection strategy is under attack in the North Carolina legislature. Please read my thoughts on wage garnishment in the article I wrote for Sunday’s Asheville Citizen-Times.
In my experience, almost nobody wants to file a bankruptcy case. My clients and potential clients usually try everything to avoid doing so. Giving debt buyers the ability to increase profits at the expense of low income consumers is bad policy. By coincidence, the New York Times printed this article in today’s paper which indicates that Buncombe County is in the bottom 4% of counties in the United States when it comes to providing economic opportunities for children growing up in low income neighborhoods. Bill problems are a function of no opportunities being available, or no high paying jobs being available, when viewed by the scientific community. With this data, it is clear to me that people suffering with financial problems should explore all of their options to prioritize their family’s needs over old consumer debts.
If you are suffering from bill problems each month, you are not alone, and I would be pleased to explain your best legal options in a free, initial bankruptcy consultation.