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Before filing any suit, consult with a North Carolina bankruptcy
attorney regarding the potential loss of property. Avoiding property is
relatively easy when selecting the best tactics, options, and even
rights of conversion from one chapter to another. Also be aware that new
bankruptcy laws in North Carolina severely restrict alternatives under
the Code, so now, more than any prior time period, making efficient use
of allowable elections is critical. With the assistance of the best
North Carolina bankruptcy lawyers and law firms, few debtors will
actually lose significant property value. Even so, this preferred result
for debtors is not an accidental occurrence, but the result of careful
planning with legal counsel over the weeks or perhaps months preceding
the filing date.
See also: North Carolina Homestead Exemption.
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