Chapter 7
An Honest Look at Pros and Cons of Filing for Chapter 7 Bankruptcy in Raleigh
Filing for Chapter 7 bankruptcy in Raleigh can be a tough decision. When it comes to life-changing decisions like this, it is always best to take an honest look at what you are facing. This way, you are fully prepared for what is coming. Here is a closer look at what is in store for…
Read MoreEssential Requirements to Get Tax Debt Discharged in a Chapter 7 Bankruptcy
Some people who file for Chapter 7 bankruptcy fail to take full advantage of its ability to discharge debt. For instance, you may not be aware that you can get your tax debt wiped out under Chapter 7. In truth, Chapter 7 can discharge some types of tax debt provided that they satisfy certain requirements.…
Read MoreWhat is the difference between Chapter 7 and Chapter 13?
Our website offers a detailed section on this exact question. Please go to the home page and click on “Types of Relief”. Basically, a Chapter 7 is designed to allow you to wipe-out or eliminate your unsecured bills, such as credit cards, hospital bills, and personal loans. There are certain types of debt that can’t…
Read MoreIf I file a Chapter 7 or Chapter 13 , how will it affect my credit?
This is a very common question. We generally tell people that their credit report probably doesn’t look great right now. Filing for bankruptcy will stop the aging process. Those things that are delinquent now will never get any older than on the date that you file. Once you retain our office, our staff will show…
Read More