Chapter 7 Bankruptcy Lawyer Serving Durham, North Carolina and the Surrounding Area
The question of eligibility is a key concern to someone contemplating filing Chapter 7 bankruptcy. Chapter 7 is often called a "straight bankruptcy." In reality, most consumers who do qualify for Chapter 7 bankruptcy end up not having to liquidate anything. The Bankruptcy Code allows debtors to "exempt" certain property necessary for the debtor to have a "fresh start." Exempt property is property the bankruptcy trustee cannot take and liquidate to pay creditors. The vast majority of bankruptcy debtors are able to exempt all of their property, including equity in their home, their car, their pension, 401(k), IRA or other retirement accounts, and their household goods and other property.
That's right — most people who file Chapter 7 bankruptcy do not have to sell or lose anything. A Chapter 7 brings a clean slate, a fresh start — elimination of consumer debts. Taking proper advantage of the clean slate is very important, since once you file Chapter 7 bankruptcy, you will not be able to file Chapter 7 bankruptcy again for eight years.
My Clients Prefer to Work Directly with Their Attorney
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
Mr. Fisher can offer a preliminary analysis and make recommendations regarding Chapter 7 or Chapter 13 bankruptcy filing based on the income, assets and debts that you report to him. After that, if you decide to retain Mr. Fisher and move forward, he will complete the means test to determine your eligibility for Chapter 7 relief.
If you qualify for Chapter 7 and decide to file for it, Mr. Fisher will help you move forward expeditiously, with full awareness of how bankruptcy may affect — or revive — your creditworthiness.
The bankruptcy checklist lists the types of documents and information needed to prepare your Chapter 7 bankruptcy Petition. Contact Mr. Fisher to learn what to expect if you decide to file for bankruptcy.
We are a debt relief agency. We help people file for bankruptcy relief under the United States Bankruptcy Code.
