Bankruptcy Lawyers
A business or an individual can declare bankruptcy once they have ascertained that it has become impossible to pay off one's creditors. It can give you a chance to start over from a financial point of view, as most of debts are relieved after bankruptcy as been filed.
Chapter 7, or liquidation bankruptcy, means that your "estate" – i.e., your assets – is sold in order to pay off your creditors. A reorganization bankruptcy can also involve the selling of assets, but more often than not you can retain a majority of your assets while your creditors' needs are assessed.
Reorganization bankruptcies can be filed under the following guidelines:
- Chapter 9 – municipalities
- Chapter 11 – businesses and individuals with many assets
- Chapter 12 – farmers, fisherman
- Chapter 13 – individuals with steady income
- Chapter 15 – international cases
The Law Offices of Jeremy Todd Brown specialize in the following types of cases:
Consumer bankruptcies - filing a chapter 7 or 13 on behalf of an individual to liquidate ("fresh start") or reorganize ("pay a portion of debt over time")
Business bankruptcies - filing a chapter 7 or 11 on behalf of a business entity to reorganize or liquidate a business
· Keep a company running and the jobs in place
· Orderly closing and liquidation of assets
· Reorganizing to prevent creditors seizing asset
Creditors - filing of motions or claims on behalf of creditors in bankruptcy proceedings in North Carolina
Contact us today to learn more about your options under the current bankruptcy laws. We're here to help.
Please review our site and see what we may be able to offer you.
Feel free to Call us at 919-537-8039.
