Bankruptcy Overview

Helping With All Types Of Debt Relief Options

Bankruptcy is a remedy under federal law that provides financial relief to individuals and small-business owners who have a level of debt that they cannot handle without help.

At Gillespie & Murphy, P.A., from our law offices in New Bern, Wilmington, Greenville and Jacksonville, we help individuals find debt relief through bankruptcy and other debt relief options.

Experience Helping With All Types Of Situations

We understand the difficulties you face. Our bankruptcy team of lawyers has experience with all of the following:

  • Credit card debt
  • Job loss
  • Medical issues
  • Student loan debt
  • Creditor harassment.
  • Foreclosure
  • Repossession
  • Judgments
  • Garnishment
  • Property liens
  • Tax debt
  • Tax liens
  • Divorce and debt

4 Main Types Of Bankruptcies Available

There are four types of bankruptcy we can assist with:

Chapter 7 bankruptcy is also known as "straight bankruptcy" and is a compelling option for both individuals and small businesses looking to immediately eliminate debt and protect property. Chapter 7 bankruptcy cancels most of your personal or small-business debts.

Chapter 11 bankruptcy is an option to help businesses reorganize their debt. This option can allow a struggling business to move forward.

Chapter 12 bankruptcy is specifically for family farmers and commercial fishers. It functions similarly to Chapter 13 in that it allows for debt reorganization.

Chapter 13 bankruptcy is also known as "reorganization bankruptcy" and allows you to keep your significant assets and eliminate most debts while paying off your secured debts in much easier monthly installments from your future earned income often at reduced interest rates. Chapter 13 provides additional protection for your home and car that allows you to cure missed payments through an affordable 36-60 month payment plan.

Protection For Veterans

Thanks to the passage of the HAVEN Act, disability payments received by our veterans are now protected from seizure in bankruptcy. If you or a loved one is a veteran, click here to learn more about the new law.

Reach Out To Our Bankruptcy Firm Today

Contact Gillespie & Murphy, P.A., to schedule a free consultation. We are Wilmington, New Bern, Greenville and Jacksonville bankruptcy options attorneys with the dedication and bankruptcy experience to help you quickly obtain the relief you need and deserve.

Find out how we offer no-attorney fee down for Chapter 13 filers with our CHAPTER 13 DEBT ELIMINATOR PLAN

We are a debt relief agency under the United States Code. We help people file for bankruptcy relief under the Bankruptcy Code.