Chapter 7 Bankruptcy

Raleigh Chapter 7 Bankruptcy Lawyer

Helping You Find a Solution to Your Financial Crisis

When you feel like you are drowning in an ocean of debt from credit card bills, medical payments, and other unavoidable expenses, you need to know that you are not alone. One way to find an escape from overwhelming debt is by filing for Chapter 7 bankruptcy.

At the Venters Law Offices, we can help you not merely stay afloat over your financial anxieties but also conquer them once and for all. You can count on us to help you navigate the most appropriate solution to your difficult situation. Many of our clients have found great relief from aggressive creditors and financial setbacks by retaining support from our reliable Chapter 7 bankruptcy lawyer in Raleigh.

Call us today at (919) 336-0200 for a free initial consultation with our passionate team of Chapter 7 bankruptcy attorneys in Raleigh. Se habla Español.

Do I Qualify for Chapter 7?

Individuals, couples, and businesses may file for Chapter 7. Businesses typically file if they are on their way to shutting down, whereas consumers must meet some requirements before being able to file.

To qualify, you must:

  • Pass the means test.
  • You must have not filed a Chapter 7 or Chapter 13 case that was dismissed within the last 180 days.
  • You cannot have filed Chapter 7 in the last 8 years.
  • You cannot have filed for Chapter 13 in the last 6 years.

What Debt Can Be Discharged in Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is one of the best ways to get rid of debt for good. If you qualify, you can likely discharge most—if not all—of your debts, depending on the type of debt you owe. As a result, you can finally be free from relentless creditors.

Here are just a few examples of the types of debt that Chapter 7 may eliminate:

  • Credit card debt
  • Unsecured personal loans
  • Store accounts
  • Certain tax obligations
  • Debt on account of trade or to a vendor
  • Medical bills
  • Personal liability from guaranteeing another person’s debt
  • Deficiencies in balances after foreclosure or repossession

Unfortunately, certain types of debt cannot be discharged, including:

  • Student loans (with very limited exceptions)
  • Obligations to marital/domestic affairs (e.g. alimony or child support)
  • Any recompense for criminal/fraudulent/negligent behavior
  • Certain tax obligations
  • Secured debt (e.g. mortgages and automobile loans)

How Chapter 7 Bankruptcy Works

Not everyone will qualify for Chapter 7 bankruptcy. You will need to demonstrate eligibility through the means test, which assesses your income, expenses, assets, and debt. Our dedicated attorney at the Venters Law Offices can help you figure out whether you are eligible.

If you successfully pass the means test, you will need to complete a credit counseling course approved by the court. You can then file your petition, which will immediately trigger the automatic stay. The automatic stay halts all collection activities from creditors and lenders.

Contact us online or call (919) 336-0200 for advocacy you can trust. Our Raleigh bankruptcy lawyer can get started with a complimentary case review.

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
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Ready for Your New Beginning?

Chapter 7 bankruptcy is an excellent method of discharging unmanageable debt and obtaining a fresh start. However, bankruptcy can be a complex process, and attempting it on your own can prevent you from maximizing its benefits. With help from Mr. Venters, you will have the greatest possible likelihood of overcoming your financial crisis in just a few months.

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!