Charlotte Chapter 7 Bankruptcy

Does Bankruptcy Clear All Debt?

The purpose of this article is to discuss filing a Charlotte Chapter 7 bankruptcy. Our firm is located in SouthPark in Charlotte, NC and we serve the Charlotte Division of the Western District of North Carolina.

The Need

You’ve probably tried debt settlement, negotiating with creditors, and finally, you’ve threatened bankruptcy. Unfortunately, not much works with big banks. Most clients we work with have really put a lot of pressure on themselves to pay off debts and just can’t get ahead. Finally, they truly consider bankruptcy.

How We Can Help

As a Charlotte bankruptcy attorney, I get to experience the satisfaction of helping people to truly get a fresh start. It is probably the most rewarding aspect of the job. Our team is ready to assess your financial situation and help determine if you will qualify for a Chapter 7 or Chapter 13 bankruptcy in Charlotte, North Carolina.

First of all, we will have you submit some basic information so that we can understand a little more about your assets and income. After reviewing and discussing that information with you, we can tell you if we think you will be a good candidate for bankruptcy. Another thing we discuss is your financial dealings over the recent past—transfers, payments to creditors, new debt, etc. Finally, with your full financial picture completed, we can prepare a bankruptcy petition for you to see if you pass the Means Test in bankruptcy.

The filing of the bankruptcy petition triggers the automatic stay in bankruptcy under 11 U.S. Code section 362. It prevents your creditors from contacting you for the purpose of attempting to collect a debt. The automatic stay is in effect during the duration of your bankruptcy.

Most Chapter 7 filings only require one short court appearance which we attend with you. Furthermore, the appearance is with the bankruptcy Trustee—he or she will ask questions about the petition we submitted. In contrast to what most clients believe, creditors rarely attend these meetings.

Lastly, you’ll receive your discharge in bankruptcy. This means your allowable debts incurred prior to filing bankruptcy are no longer your burden.

Next Steps

If you’d like to speak with an attorney about a financial situation or get a fee for a bankruptcy, please call 704.749.7747. You can also fill out a simple form HERE to request a phone consultation. Consultations are free and we’re here to help. We know you have choices. We hope you choose to Recover With Us.