Two Most Common Types Of Consumer Bankruptcy

Chapter 7 and Chapter 13 bankruptcy are the most common kinds of bankruptcy consumers file. Each help in different ways and are ideal in different circumstances. Which one is right for you will depend on your situation and goals.

Do you have overwhelming credit card debt you simply wish to get out from under? Are you facing foreclosure and want to keep your home? Have you missed car payments and don't want your vehicle repossessed?

40-Plus Years Helping Individuals Determine Whether Chapter 7 Or Chapter 13 Is Right

At Gillespie & Murphy, P.A., our bankruptcy attorneys can help you find the right bankruptcy option. We have assisted many individuals in New Bern, Wilmington, Greenville, Jacksonville and surrounding North Carolina communities with Chapter 7 and Chapter 13 bankruptcy filings.

Chapter 7 Bankruptcy Is Ideal When ...

  • You have thousands of dollars in unsecured debt, like credit card and medical bills.
  • Equity in your property is protected by applicable exemptions.
  • You are current with your mortgage and vehicle payments.
  • You earn less than the median family income for your family size in the County in which you reside in North Carolina.

Chapter 13 Bankruptcy Is Recommended If ...

  • You are behind on mortgage payments, but want to keep your home.
  • You are facing repossession, but wish to keep your car.
  • You make more than the median family income for North Carolina and don't qualify for a Chapter 7 filing.
  • You owe taxes to the IRS or State or County.

Stop The Harassment Today. Let Our Team Help.

Regardless of the type of bankruptcy you choose, the minute your petition is filed, your creditors must stop all contact, harassment, wage garnishment and any other action regarding your debt.

Let a lawyer from our office help you get on the road to both emotional and financial stability and find the right bankruptcy option for you.

We offer a free consultation to evaluate your situation to prove the best options for you and your family.

Call 252-558-1374 today. You can also send us an email.

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