What is Bankruptcy & How Can a Bankruptcy Lawyer Help?
Bankruptcy is a proceeding under Federal Law (title 11 of the United States Code) in which a person can be relieved from the legal responsibility to repay some or all of his or her debts. The primary goal of most bankruptcy filings is to obtain a “discharge,” which is often spoken of as getting a “fresh start.” Being overextended can be debilitating and often leads to medical conditions, depression, marital problems, and prevents individuals from meaningfully contributing to society. If you are looking for a way to regain financial freedom, work with a bankruptcy lawyer near you. A lawyer will be able to walk you through all of your options and advise on the best way to proceed given your unique circumstances. Call us today if you are searching for legal assistance in Raleigh, NC or any of the surrounding areas such as Raleigh, Apex, Garner, and Morrisville!
Our Debt Attorney Helps Clients Better Understand the Process
Notwithstanding what a debt collector might tell you, bankruptcy is fundamentally a part of the American legal system and is specifically provided for in the Constitution of the United States (Article I, Section 8, Clause 4). It is also modeled after the Biblical debt relief found in Deuteronomy 15. Filing of a bankruptcy case immediately prohibits your creditors’ continued efforts to collect debts through operation of an “automatic stay.” This automatic stay is replaced later by a discharge injunction or “discharge,” which is entered at the conclusion of your case. The bankruptcy code was significantly revised in 2005; however, those changes have not significantly affected the ability to file for bankruptcy relief. Head over to “The Process” page to learn more about your responsibilities while filing for bankruptcy. If you would like an experienced attorney near Raleigh, NC to personally walk you through the process, call the firm today.
Call Us Today to Find Out Your Options for Relief
There are several types of bankruptcy provided for in title 11, but those available to an individual are limited to Chapter 7, Chapter 11, Chapter 12, and Chapter 13 (each gets its name from its specific chapter in title 11 of the United States Code). Although there are four types of bankruptcy an individual may use, Chapter 7 and Chapter 13 are used far more often to obtain relief from debts and obtain a “fresh start.” Chapter 12 is designed for family farmers and family fisherman, Chapter 11 is often very expensive, and is primarily geared towards businesses or individuals that exceed the debt limits of Chapter 13. William assists with clients filing for Chapter 7 or 13 bankruptcy in and around Raleigh, NC. Call us today to schedule your free initial consultation with a collection attorney!
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The information contained on this website is presented for informational and marketing purposes only and is not to be understood as legal advice. You should consult an attorney for advice respecting your individual needs. Berggren Law Offices, PLLC looks forward to speaking with you about your particular needs. Please note, however, that the mere act of contacting our firm does not create an attorney-client relationship. As a result, you should never send any confidential information to our office until a Representation Agreement has been signed by both you and Berggren Law Offices, PLLC.
We are bankruptcy attorneys assisting clients file for bankruptcy relief under the Bankruptcy Code.