The decision to file bankruptcy is rarely easy for a person to make. The process, while sometimes complicated and emotionally fraught, can result in getting a bankruptcy discharge leading to a fresh start. The United States Bankruptcy Code gives people, overwhelmed by debt, a new beginning by reducing or eliminating debt.
Bankruptcy is the process by which individuals can receive a discharge of their debt. By filing a bankruptcy petition, filers (referred to as debtors) immediately receive the benefit of the automatic stay. 11 U.S.C. §362 bars creditors from seeking repayment through any means other than the bankruptcy court. The automatic stay will stop phone calls, letters and most other civil actions against you.
Bankruptcy law is governed by Title 11 of the United States Code, known as the Bankruptcy Code. The Bankruptcy Code contains 5 different types broken into chapters: Chapter 7, Chapter 9, Chapter 11, Chapter 12 and Chapter 13. Chapter 7 and Chapter 13 are primarily used by individuals while Chapter 11 is used by larger companies. Chapter 9 is limited to governmental entities and Chapter 12 is limited to family farmers.
Attorney Jaime Williams‘s bankruptcy practice includes all manners of bankruptcy issues that can affect most people. Jaime can tell you whether you qualify to file for bankruptcy and what chapter is the best fit for your needs. Jaime handles bankruptcy cases that fall under Chapter 7 (liquidation), Chapter 11 (business reorganization), and Chapter 13 (individual reorganization). Jaime’s bankruptcy practice also includes Adversary Proceedings (separating filings related to a bankruptcy case, usually filed by a creditor).
Bankruptcy falls under the jurisdiction of federal courts. Individuals residing in Franklin, Granville, Harnett, Johnston, Nash, Wake, Warren and Vance county will have their cases heard in the Raleigh office of the United States Bankruptcy Court of the Eastern District of North Carolina.
Contact Attorney Jaime Williams
To schedule a consultation, please telephone us at (919) 789-4677 or complete the either the bankruptcy form below.