Bankruptcy Exemptions Information: Durham, North Carolina, Exempt Property Attorney
Most bankruptcy filers are able to keep all of their property whether they seek relief under Chapter 7 or Chapter 13 of the Bankruptcy Code. This is because the Bankruptcy Code allows each debtor to "exempt" a certain amount of property from liquidation by a Bankruptcy Trustee or creditor in order to aid the debtor in achieving the fresh start envisioned under bankruptcy law. Most clients filing bankruptcy in North Carolina are allowed exemptions established by North Carolina state law. People who have lived in North Carolina for only a short time may be granted exemptions allowed by a state where they previously lived, or exemptions contained in the Bankruptcy Code itself.
In fact, most people who file Chapter 7 or Chapter 13 bankruptcy are able to keep the following:
- Their home;
- Their primary automobile;
- Their household furnishings;
- Their retirement accounts.
A debtor wishing to retain their home or car must remain current on their payments with their lender in Chapter 7, or in Chapter 13, they must propose and make reasonable plan to cure arrearages through payments to the Trustee.
At your free initial consultation with Mr. Fisher, you will learn what property you can exempt and keep if you file Chapter 7 or Chapter 13 bankruptcy. You can move ahead to freedom from creditor harassment, to a fresh start and to true debt relief through Chapter 7 or Chapter 13 bankruptcy, while retaining the property you and your family need.
When a potential client contacts me seeking solutions to their debt problems, their appointments and consultations, including the free initial consultation, are with me personally. I do not delegate meeting with, or otherwise advising my clients to legal assistants or paralegals. From the beginning to the end of a Chapter 7 or Chapter 13 bankruptcy case, I am there to see my clients through to real debt relief. — Terry D. Fisher
Free Initial Consultation
What about jewelry, musical instruments or stocks and bonds? Get straight answers now. Contact Attorney Terry D. Fisher to schedule a free initial consultation with an experienced North Carolina lawyer to get answers to these and other important questions.
We are a debt relief agency. We help people file for bankruptcy relief under the United States Bankruptcy Code.
