Top Chapel Hill, NC Bankruptcy Lawyers Near You

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

421 Fayetteville St, Suite 1210, Raleigh, NC 27601

Bankruptcy Lawyers | Durham Office | Serving Chapel Hill, NC

5425 Page Rd, Suite 430, Durham, NC 27703

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

5410 Trinity Rd, Suite 210, Raleigh, NC 27607

Bankruptcy Lawyers | Durham Office | Serving Chapel Hill, NC

2530 Meridian Parkway, Second Floor, Durham, NC 27713

Bankruptcy Lawyers | Cary Office | Serving Chapel Hill, NC

2500 Regency Parkway, Cary, NC 27518

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

150 Fayetteville Street, Suite 300, Raleigh, NC 27601

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

313 E Martin St, Suite 104, Raleigh, NC 27601

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

4208 Forks Road, Suite 1000, Raleigh, NC 27609

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

2609 Atlantic Ave, Suite 215, Raleigh, NC 27604

Bankruptcy Lawyers | Chapel Hill Office

1414 Raleigh Rd, Suite 435, Chapel Hill, NC 27517

Bankruptcy Lawyers | Chapel Hill Office

1709 Legion Rd., #215, Chapel Hill, NC 27517

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

311 E. Edenton Street, Raleigh, NC 27601

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

434 Fayetteville St, Suite 2300, Raleigh, NC 27601

Bankruptcy Lawyers | Durham Office | Serving Chapel Hill, NC

3518 Westgate Dr, Suite 400, Durham, NC 27707

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

4509 Creedmoor Rd, Suite 201, Raleigh, NC 27612

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

305 Church at North Hills Street, Suite 1200, Raleigh, NC 27609

Bankruptcy Lawyers | Research Triangle Park Office | Serving Chapel Hill, NC

1000 Park Forty Plaza, Suite 350, Research Triangle Park, NC 27713

Bankruptcy Lawyers | Durham Office | Serving Chapel Hill, NC

4721 Emperor Blvd., Suite 400, Durham, NC 27703

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

4208 Six Forks Road, Suite 1400, Raleigh, NC 27609

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

6300 Creedmoor Rd, Suite 170-370, Raleigh, NC 27612

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

5400 Glenwood Ave, Suite 330, Raleigh, NC 27612

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

311 E. Edenton St., Raleigh, NC 27601

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

501 Fayetteville St, Suite 500, Raleigh, NC 27601

Bankruptcy Lawyers | Raleigh Office | Serving Chapel Hill, NC

9208 Falls of Neuse Road, Suite 201, Raleigh, NC 27615

Chapel Hill Bankruptcy Information

Lead Counsel Badge

Lead Counsel Verified Attorneys In Chapel Hill

Lead Counsel independently verifies Bankruptcy attorneys in Chapel Hill and checks their standing with North Carolina bar associations.

Our Verification Process and Criteria
  • Ample Experience Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
  • Good Standing Be in good standing with their bar associations and maintain a clean disciplinary record.
  • Annual Review Submit to an annual review to retain their Lead Counsel Verified status.
  • Client Commitment Pledge to follow the highest quality client service and ethical standards.

Find a Bankruptcy Attorney near Chapel Hill

Visit our free Bankruptcy Resource Center.

What Is Bankruptcy?

Bankruptcy is a legal process that allows an individual or a business (the debtor) to get a fresh financial start by forgiving debts that the debtor cannot repay while allowing creditors to obtain some repayment through liquidation of the debtor’s assets. Federal bankruptcy courts manage cases according to the U.S. Bankruptcy Code.

Bankruptcy law includes several types of bankruptcy. Chapter 7, chapter 11, and chapter 13 bankruptcies are the most common.

  • Individuals typically file Chapter 7 bankruptcy to clear their unsecured debt, such as credit card balances and medical bills. The debtor must liquidate nonexempt assets, such as a second home, stocks, and bonds, to repay some of their unsecured debt. The remaining unsecured debt is typically discharged. The debtor is not required to liquidate exempt assets, such as household goods, clothing, and a personal vehicle (up to a particular value).
  • Chapter 11 bankruptcy allows a business to reorganize and remain in business to become profitable. This type of bankruptcy allows the business to continue its activities while working on a debt repayment plan under court supervision.

Chapter 13 bankruptcy allows individuals who make too much money to qualify for chapter 7 to create a workable debt repayment plan. Repayment plans typically require installment payments over a three or five-year period. Debtors who repay their creditors can keep all their property, including nonexempt property.

Are There Any Bankruptcy Lawyers Near Me In Chapel Hill, NC?

Finding the right fit for your case may seem daunting, but many attorneys in your area are ready to help advocate for clients like you. The LawInfo directory can help you find verified bankruptcy lawyers in {{city}. It can significantly benefit you to consult with an experienced employment attorney early in your case.

What Can a North Carolina Bankruptcy Lawyer Do For Me?

Filing for bankruptcy is a complex process requiring a thorough knowledge of state and federal bankruptcy laws so you can decide what chapter to file under and which exemptions to claim, among other things. A bankruptcy lawyer will help guide you through this stressful and time-consuming process. Some of the ways a bankruptcy lawyer may be able to help you include:

  • Explaining and guiding you through the bankruptcy process,
  • Analyzing your financial situation,
  • Evaluating your assets and obligations,
  • Advising you regarding which exemptions to claim,
  • Preparing and reviewing your bankruptcy petition,
  • Attending meetings with your creditors (341 meetings),
  • Following up with your creditors to stop any post-filing collection efforts,
  • Representing you in any litigation that may arise out of the bankruptcy, and
  • Attending hearings on your behalf.

Because filing for bankruptcy can affect you for many years, it would be beneficial to speak to a qualified bankruptcy lawyer today.

How Much Does a Bankruptcy Attorney in Chapel Hill Cost?

Bankruptcy lawyers charge from $200/hr to $400/hr depending on the issue, the attorney’s skill, and location. In complex cases, rates can exceed $1,000/hr.

When Should I Hire a Lawyer?

It is in your best interest to get legal help early in addressing your situation. There are times when quickly hiring a lawyer is critical to your case, such as if you are charged with a crime. Having a lawyer review the fine print before signing legal documents may also be a good idea. A lawyer can also help you get the compensation you deserve if you’ve suffered a severe injury. For issues where money or property is at stake, having a lawyer guide you through the complexities of the legal system can save you time, hassle, and possibly a lot of grief in the long run.

What Are the Top Questions Should I Ask a Bankruptcy Lawyer?

  • What is the usual process to resolve my case?
  • How long will it take to resolve this?
  • What are the likely outcomes of a case like mine?
  • What should I expect during bankruptcy?

An experienced lawyer should be able to communicate a basic “road map” on how to proceed. The lawyer should be able to walk you through the legal process, key considerations, and potential pitfalls to avoid. Once you’ve laid out the facts of your situation to the lawyer, they should be able to frame expectations and likely scenarios to help you understand your legal issue.

How Will A Bankruptcy Charge Me?

A reputable attorney will be very upfront about how they will charge you. The three most common fee structures that attorneys use to charge for their services are:

  • Bill by the hour
  • Contingent fee agreement
  • Flat fee agreement

Depending on your specific legal situation, only one type of fee structure may be available. For instance, criminal defense attorneys almost always bill by the hour. A flat fee arrangement is when an attorney accepts a one-time payment to help you resolve your issue. With a contingent fee agreement, the client pays little to nothing upfront, and the attorney receives a percentage of the money recovered if you win your case.

What is bankruptcy?

Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.

What happens when I file for bankruptcy?

When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.

How much does it cost to file for bankruptcy?

There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.

How long does bankruptcy stay on your credit report?

A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.

What sort of issues can I seek legal help with?

Specialized legal help is available for most legal issues. Each case is unique; seeking legal help is a smart first step toward understanding your legal situation and seeking the best path toward resolution for your case. An experienced lawyer understands the local laws surrounding your case and what your best legal options might be. More importantly, there are certain situations and circumstances – such as being charged with a crime – where you should always seek experienced legal help.

How to Prepare for Your Initial Consultation

Prepare for your consultation by writing down notes of your understanding of the case, jot down questions and concerns for the attorney, and gather your documents. Remember that you are trying to get a sense of whether the attorney has your trust and can help you address your legal issues. Questions should include how the attorney intends to resolve your issue, how many years he/she has been practicing law and specifically practicing in your area, as well as how many cases similar to yours the attorney has handled. It can also be helpful to broach the subject of fees so that you understand the likely cost and structure of your representation by a specific attorney and/or legal team.

How will an attorney charge me?

A reputable attorney will be very upfront about how he/she will charge you. The three most common fee structures that attorneys use to charge for their services are:

  • Bill by the hour
  • Contingent fee agreement
  • Flat fee agreement

Depending on your specific legal situation, it’s possible that only one type of fee structure is available. For instance, criminal defense attorneys almost always bill by the hour. In a flat fee arrangement, an attorney accepts a one-time payment to help you resolve your issue. With a contingent fee agreement, the client pays little to nothing upfront and the attorney receives a percentage of the money recovered if you win your case.

Common legal terms explained

Affidavit – A sworn written statement made under oath. An affidavit is meant to be a supporting document to the court assisting in the verification of certain facts. An affidavit may or may not require notarization.

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