Chapter 7 bankruptcy eliminates general unsecured debts in exchange for giving up property to be sold to pay off your debts, if you have property that is more than the law allows you to keep.

NC Bankruptcy Lawyer in Charlotte North Carolina for Chapter 7 / Chapter 13

Chapter 7 bankruptcy may be filed by an individual with a little debt, medium debt or a lot of debt.  It may also be filed by companies, LLC, corporations, sole proprietors, business people etc. 

Chapter 7 is also known as straight bankruptcy or liquidation bankruptcy.

It can be fairly quick if there are no assets to sell to pay debts, or it can go on for years while assets are being dealt with. 

1701 Scott Avenue Charlotte North Carolina 28203
phone: 704 / 377-0776
fax: 704 / 377-0775

DISCLAIMER: This message is intended as a general discussion of legal issues and not as a statement of fact, legal advice or a legal opinion. Personal opinions may also be expressed. No attorney-client relationship is created by this message. Do not act or rely upon law-related information in this communication without seeking the advice of an attorney licensed to practice in the relevant area.

The Law Office of Susanne M. Robicsek is
a Federally Designated Debt Relief Agency
under the Bankruptcy Code.
I file bankruptcy cases for people in financial need,
and have been doing so since 1989.

IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication (or in any attachment).

Copyright Susanne Robicsek 2008. All rights reserved.

Charlotte NC Bankruptcy Lawyer Concentrating In Consumer Bankruptcy Since 1988
Copyright 2000 - 2017

Page copy protected against web site content infringement by Copyscape