Raleigh Bankruptcy Services

Bankruptcy law in Raleigh governs the legal means by which individuals may relieve themselves of debt obligations that they are unable to handle. The U.S. Bankruptcy Code is designed to give honest debtors a "fresh start." Every situation is different. To find out if you qualify for relief under Raleigh bankruptcy law, it is best to speak directly to an attorney.

Consumer bankruptcy

Individuals have two primary options for filing bankruptcy in Raleigh:

• Chapter 7:  Qualifying individuals can file Chapter 7 bankruptcy in Raleigh when they have little or no income and few assets.  Often referred to as liquidation, Raleigh Chapter 7 provides a fresh start by allowing you to keep certain assets and money while liquidating other assets in an attempt to partially pay off your creditors and close out certain types of debt.  You are still responsible for certain debts, including (but not limited to) taxes, child support, student loans, and asset-backed loans, such as mortgage and auto loans.
• Chapter 13:  Working individuals who do not qualify for Raleigh Chapter 7 bankruptcy may qualify for Chapter 13 bankruptcy in Raleigh.  Raleigh Chapter 13 bankruptcy allows individuals to set up new payment schedules, under which their debt is repaid over an extended period (typically five years).

Business bankruptcy

Like individuals, some businesses may qualify to liquidate under Chapter 7 of the Raleigh bankruptcy laws.  This option closes out most debt, but it closes the doors of the business.

Sole proprietor businesses can also reorganize under Raleigh bankruptcy laws through Chapter 13 in Raleigh.  Similar to consumer Chapter 13, this option allows repayment of debt through new payment schedules while your business remains in operation. If your business has more debt than is allowed under Chapter 13, Raleigh Chapter 11 may provide similar options.  Changer 11 bankruptcy in Raleigh also permits you to restructure your business and continue with a fresh start.

Levy Law Offices know the details of the bankruptcy laws in Raleigh and keeps informed of changes to the law as soon as they occur.

Levy Law Offices provide services to both debtors and creditors. Mr. Levy has extensive experience in bankruptcy matters and spent nearly three years working for a Chapter 7 Trustee.

An experienced attorney can help you file bankruptcy in Raleigh

For individuals wishing to file Chapter 7 or 13, Levy Law Offices provide a free initial consultation. Businesses seeking bankruptcy relief and creditors may have their cases evaluated for a $200.00 consultation fee.  Whether you need assistance with a simple filing or with bankruptcy litigation in Raleigh, Levy Law Offices provide the experience you need to achieve successful resolution for your financial issues.

Levy Law Offices is a debt relief agency which proudly helps clients file for bankruptcy relief under the United States Bankruptcy Code, call (919) 518-9460 to file bakruptcy in Raleigh.