Chapter 7 Bankruptcy in Raleigh

home » bankruptcy » Chapter 7

Raleigh Chapter 7 relief is often appropriate when an individual's income and other financial means of support are less than average monthly expenses. Under this Raleigh personal bankruptcy option, an individual files a petition for relief with the bankruptcy court.

The process for filing Chapter 7 in Raleigh

Anyone who files Raleigh Chapter 7 bankruptcy goes through a four-step process:

Step 1:	An individual files a petition, listing all of his/her assets, all liabilities (debts), and other requested financial information.
Step 2:	All creditors are notified, including those that the debtor will continue to pay, as well as those obligations that are not dischargeable. Complete and truthful information must be provided.
Step 3:	The debtor must attend a Meeting of Creditors at which the bankruptcy trustee, the debtor's attorney, and creditors have an opportunity to pose questions to the debtor.
Step 4:	If no objections to the debtor's bankruptcy are filed within 60 days of the first scheduled date of the Meeting of Creditors, the debtor will receive a discharge.

Although Chapter 7 personal bankruptcy in Raleigh is sometimes referred to as simple bankruptcy, the process can seem complicated and intimidating. Skilled Raleigh bankruptcy attorneys can ensure the best possible resolution for your case. Joshua Levy is an experienced bankruptcy attorney in Raleigh who can help you through every step of the process. As an experienced Raleigh bankruptcy lawyer, Mr. Levy stays fully informed of all changes in the law that can affect your case. With his help, you can achieve the fresh start you need to move on in life.

bankruptcy

disclaimer

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 for chapter 7 bankruptcy in Raleigh.

Quick Contact

This is Attorney Advertising. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.