Chapter 7 - Fresh Start Bankruptcy - Parry Tyndall White
We handle difficult cases in North Carolina's state and federal court; complex civil litigation, serious criminal matters and individual and business bankruptcies.
bankruptcy, criminal, complex litigation, chapel hill, north carolina, durham, raleigh
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Chapter 7 – Fresh Start Bankruptcy

Chapter 7 Bankruptcy can offer people who qualify a way to get free of crushing debt loads and get a fresh start.

 

Chapter 7 offers broad relief, discharging the obligation for individuals to pay many of their debts.  Chapter 7 relief is not available to everyone.  People with large amounts of business-related debts qualify.  So do people with consumer debt if their household income is not too large.

 

This is not the right approach for everyone.  People with substantial assets may risk having them liquidated by the chapter 7 trustee, and would benefit more from a chapter 13 or an individual chapter 11.

 

Deciding whether to file a chapter 7 bankruptcy is complicated.  Call us at 919-246-4676 for a free consultation to learn whether it is right for you.