North Dakota Bankruptcy Lawyers
Take control now. Connect with a North Dakota bankruptcy attorney.
Out-of-control debt may leave you feeling like you're backed into a corner. But here's the truth: You have options. There is help available.
Each year, bankruptcy helps hundreds of thousands of people reshape their finances and get their lives back on track. It is designed to clear your debt while giving you tools to protect your family, assets and future.
Find out today how bankruptcy may be able to help you. Get a free case evaluation with a North Dakota bankruptcy lawyer. Get answers to your questions and learn about your options. Simply complete the free form or call, toll free, 877-833-2410.
North Dakota Bankruptcy Chapters
Bankruptcy laws work on a federal and state level. This means that some things are the same wherever you file, and some parts of your case will be unique to North Dakota.
Bankruptcy isn't a one-size-fits all solution. In North Dakota, you have two main options for personal bankruptcy: Chapter 7 and Chapter 13. These two Chapters provide help in different ways, but you may be able to use one of these options to effectively clear your debt.
Chapter 7 is a popular option for people struggling with credit card who need help fast, but don't have the income to make monthly payments. Chapter 7 bankruptcy is typically a faster process and it may be able to completely resolve your debts related to credit cards, medical bills and personal loans in a few months.
You may also be able to use Chapter 7 to protect assets that are in danger of repossession or forced sale. North Dakota's Chapter 7 exemptions outline the types of property that are completely protected from a forced sale. These are the reasons why there is almost never a forced sale in any Chapter 7 case in North Dakota. The exemptions include:
- $100,000 worth of real estate
- 75 percent of weekly earnings
- On vehicle worth up to $2,950
- All clothing, family pictures, crops, grain.
- Up to $7,500 worth of all other personal property, including money, for the head of the household
If you need more protections for your home, cars or other items, then Chapter 13 may be a better fit. Chapter 13 bankruptcy allows you to address debt related to your home mortgage and car loans, as well as credit cards, medical bills and other loans.
Chapter 13 typically takes longer, and you'll need some regular income so you can make payments to your bankruptcy trustee. But Chapter 13 offers the strongest bankruptcy protections offered. Even though it takes longer, you may be protected by the automatic stay for the entire time of your case.
The automatic stay stops foreclosure and repossession, as well as any wage garnishment, lawsuits and even those harassing phone calls from creditors.
Speak with a North Dakota Bankruptcy Lawyer Today
Don't let the burden of debt hang over your life. Bankruptcy offers you options to get rid of your debt. Remember: Bankruptcy isn't some gimmick. It's part of U.S. law, and has helped hundreds of thousands of people.
Could North Dakota's bankruptcy laws help you? Find out how they apply to your case during a free evaluation with a North Dakota bankruptcy attorney near you. Just complete the form on this page or call, toll free, 877-833-2410 and we'll put you in touch right away.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.