Charlotte’s Personal Injury
& Bankruptcy Attorney

Welcome to Newman Law

The Law Offices of Paolo M. Newman’s size and area of concentration allow us to be responsive to your needs by providing keen and effective solutions to the difficult financial issues you may be facing. The Law Offices of Paolo M. Newman, PLLC will not take on any case unless it can be addressed immediately. Life is tough as it is, let us make it a little easier.

At The Law Offices of Paolo M. Newman, PLLC, we know how to stop foreclosure attorneys’ actions. We want to help you dig out of the economic hole. With a career and family, it’s easy to get lost in the numbers. Let The Law Offices of Paolo M. Newman, PLLC be there to stop foreclosure or wage garnishment and help you get a fresh start, and get back on your feet.

Services

Bankruptcy Representation

The Law Offices of Paolo M. Newman, PLLC is primarily engaged in the practice of bankruptcy law. We look forward to helping you stop collection calls, eliminate tax debt, and rebuild your credit.

Judgements

The Law Offices of Paolo M. Newman is prepared remove judgments from our clients’ property. After we file the bankruptcy, we will file a motion to strip the judgment lien from your property.

Rebuilding Credit

In most cases, filing a bankruptcy can help your credit. When you file a bankruptcy, you start the credit building process all over again. Any of the negative items currently on your credit will no longer be able to hold you back. Within two to three years, you can have good credit again.

Stop Collectors

The Law Offices of Paolo M. Newman is prepared to remove judgments from our clients’ property. After we file the bankruptcy, we will file a motion to strip the judgment lien from your property. A judge will then sign an order to remove the lien from your property before you complete the bankruptcy process.

Credit Counselling

Learning about credit counseling and financial management is an important step in the bankruptcy process. Under the 2005 Bankruptcy Reform Act, every person must complete a credit counseling course before filing bankruptcy. The Law Offices of Paolo M. Newman can help to make this an easy and educational process.

General Bankruptcy FAQs

What types of bankruptcy are there?

There are four different types:

  1. Chapter 7: a liquidation bankruptcy enabling you to discharge unsecured debts quickly.
  2. Chapter 13: a replacement program which last from 36 to 60 months whereby you make payments. Depending on your individual situation, you will repay your creditors between 1% and 100% during 36 to 60 month period.
  3. Chapter 11: a reorganization bankruptcy for wealthy individuals and businesses.
  4. Chapter 12: a reorganization bankruptcy form family farmers.
How do I know if I should file for bankruptcy?

There are may scenarios where bankruptcy may be the best option available to save your assets, or prevent one from being in debt for many years. Each person’s specific situation is unique. As such, an attorney at The Law Offices of Paolo M. Newman PLLC, is prepared to consult with you to discuss all options and alternatives available to you. Several common situations where filling bankruptcy may be appropriate are listed below.

1. Will bankruptcy stop a lawsuit against me?
If you are being sued, bankruptcy may be a better and cheaper way to deal with the lawsuit. In fact, you may have options before the lawsuit is finished that will not exist after the lawsuit goes to judgment. In most cases, a bankruptcy filing will stop a lawsuit immediately and will prevent your creditors from placing a lien against your home or from garnishing your wages.

2. Can bankruptcy help me if I can only afford to pay the minimum monthly payment on my credit card(s)?
If you are paying the minimum required payment on your credit card bill(s) each month (roughly 2% of the outstanding balance), and the interest rate is 20%, it could take 15 to 20 years to pay off a $10,000 debt. Filing bankruptcy with The Law Offices of Paolo M. Newman, PLLC can help you discharge these debts to obtain a financial “fresh start” to avoid being in the same financial situation 20 years from now.

How much does it cost to file bankruptcy?

This depends on your individual case and the type of bankruptcy you file. We can discuss this during your free confidential consultation.

Will a debtor lose his or her home by filing bankruptcy?

As long as the person filing bankruptcy follows the bankruptcy plan submitted to the Court, he or she will keep their home.

In what way does a bankruptcy show up on your credit report?

In most cases filing bankruptcy actually helps your credit score. By subjecting your negative credit accounts to the bankruptcy process, you are able to improve your score relatively quickly. Bankruptcy stays on your credit report for up to 10 years.

Are student loans dischargeable in a bankruptcy proceeding?

If you are disabled, or if repaying your student loans create an “undue hardship” you may be able to discharge (forgive) these loans. However, standard is can be difficult to meet; as such, student loans are not ordinarily discharged.

Is the debt that I am discharged from taxable by the IRS?

No. under current income tax laws, discharged debt is not considered taxable.

Are debt settlements considered taxable income?

Yes. If you enter into a settlement with a debt collector or credit consolidator, then the settlement is considered taxable income by the IRS.

Contact Us

 (704) 584-9039 | pmn@pnewmanlaw.com | (704) 954-8059
 (704) 584-9039
pmn@pnewmanlaw.com
(704) 954-8059

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