Bankruptcy

Bankruptcy Lawyer in Raleigh

Helping You Obtain Relief from Debt

Filing for bankruptcy is no one’s first option for overcoming financial hardship. However, if you cannot reasonably pay what you owe, it may be the only way to obtain a clean slate and financial freedom. If you are dealing with threats of home foreclosure, vehicle repossession, wage garnishments, judgment liens, or creditor harassment, Venters Law Offices can help.

We assist with a range of matters, including:

Our Raleigh bankruptcy attorney has helped numerous clients navigate the complexities of the bankruptcy process. Your path to a fresh start begins with a free consultation, where we can carefully evaluate your financial situation and provide advice that is tailored to your needs. We understand that each of our clients is unique, which is why we don’t believe in a one-size-fits-all approach. When you work with us, you can count on personalized attention and individualized solutions.


Call Venters Law Offices at (919) 336-0200 today to schedule your free initial consultation.


Chapter 7 Bankruptcy

If you file Chapter 7 bankruptcy, you are legally declaring that you do not have the ability to pay back your debts, and you submit to a process of asset liquidation. All non-exempt assets are handed over to a trustee, who will sell those assets and use the proceeds to pay your creditors.

Your debts will generally be paid in this order:

  • Unsecured priority debts
  • Secured debts
  • Unsecured non-priority debts

After the proceeds have been exhausted, the remaining unsecured debts will be discharged. This means you will no longer be obligated to repay those debts, and your lenders will be prohibited from continuing their collection efforts.

To qualify for this type of bankruptcy, you must pass a means test, which compares your income to the state median for households of your size. If you make too much, you may still qualify if your income is too low to cover your monthly expenses. You also cannot have had a Chapter 7 liquidation in the past eight years.

​Chapter 13 Bankruptcy

As opposed to liquidation, Chapter 13 bankruptcy is a form of debt reorganization. This involves submitting and completing a plan to repay your creditors in a 3-5-year period. You will make monthly payments to a court-appointed trustee, who distributes the money to the creditors. As a result, you will not need to have any direct contact with your lenders. The size of your monthly payment will depend on your income and expenses.

Chapter 13 is a good option for those who do not pass the Chapter 7 means test. It is also a preferred type of bankruptcy for those who wish to keep more of their assets. However, to qualify, you must have a steady income that can be used to pay back your creditors. In addition, you cannot owe more than $419,275 in unsecured debt or $1,257,850 in secured debt.

To discuss your case with our Raleigh bankruptcy lawyer, contact us online or call (919) 336-0200 today.

Our Clients Say it Best

Testimonials
  • “Quite a unique combination but Chris Venters offers this type of counsel. He was timely, efficient, and thorough with my inquiries. I HIGHLY recommend Chris and am confident that he will provide the ...”

    - Sherry Wright
  • “Throughout my case, he was always very quick to respond, made himself available, and always patient in explaining the status and details/developments of my case.”

    - Previous Client
  • “Chris Venters worked day and night on my case to get my wife and me a settlement.”

    - Karl
  • “Chris made sure I was fully prepared for my court date and the outcome was exactly what he predicted (and what I needed).”

    - Previous Client
  • “Chris has helped me with contractual concerns on financing loans. Rental contracts and landlord obligations. We have also touched Estate Planning and determining values for assets.”

    - Robert
/

Obtaining Freedom from Financial Hardship

Venters Law Offices is here to help you find a debt relief solution that is right for you. Whether that solution is Chapter 7, Chapter 13, or a bankruptcy alternative, our experienced legal team is prepared to help you every step of the way. We are conveniently located next to the Bankruptcy Court, and we are certified to handle IRS cases and help you obtain relief from unmanageable tax debt.

Dedicated to Serving Your Best Interests

What You Can Expect from Us
  • Compassionate & Responsive Service
  • Extensive Experience in Bankruptcy Law
  • Free Initial Consultations
  • Spanish Services Available
Ready to Discuss Your Case?

Schedule a free initial consultation today. We offer Spanish speaking services!