- The amount of unpaid bills is such that repayment is unlikely or impossible in the foreseeable future.
- A secured creditor is threatening foreclosure or repossession.
- An unsecured creditor has commenced or threatened a lawsuit.
- Creditors and/or collection agencies are making frequent calls to collect on unpaid bills.
- The debtor’s credit report is irretrievably damaged.
- To stop execution on a judgment or to stop wage garnishment (note that wage garnishment in North Carolina is limited to creditors collecting taxes, domestic support obligations and student loans).
