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Spence & Spence, P.A.

Spence & Spence, P.A. from Smithfield North Carolina works as Accident Lawyers, and Bankruptcy Lawyers. Feel free to contact us at the following contact information.

212 South Second Street Smithfield North Carolina, 27577
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(919)934-1149

(919)934-3635

www.sstlaw.com

spence(at)sst-law.com

Last updated 2023-03-13

Specialties of Spence & Spence, P.A.:
  • Accident Lawyers
  • Bankruptcy Lawyers
Accident Lawyers: The word accident is not a technical legal term with a clearly defined meaning. Speaking generally, but with reference to legal liabilities, an accident means any unintended and unexpected occurrence which produces hurt or loss. But it is often used to denote any unintended and unexpected loss or hurt apart from its cause; and if the cause is not known the loss or hurt itself would certainly be called an accident. The word accident is also often used to denote both the cause and the effect, no attempt being made to discriminate between them.
Bankruptcy Lawyers: Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors.The philosophy behind the law is to allow the debtor to make a fresh start, not to be punished for inability to pay debts. Bankruptcy law allows certain debtors to be discharged of the financial obligations they have accumulated, after their assets are distributed, even if their debts have not been paid in full. Some bankruptcy proceedings allow a debtor to stay in business and use business income to pay his or her debts.

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