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C. Christopher Smith, P.A.
4850 Fayetteville Road, Suite C LUMBERTON, NC
Phone: 910-738-8131 Fax: 910-738-6078
Website: http://www.cchristophersmith.com
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Finding a bankruptcy lawyer to help you can
make a huge difference to your future financial situation. You should
look for an attorney that will provide personal services. For example,
if they want you to meet with associates or assistants before getting
to the lawyer it isn't a good sign that you'll be getting the personalized
and customized service that each case needs. It is also smart to
look for a bankruptcy lawyer in
Lumberton who has experience in the court room. You should use a bankruptcy
lawyer that offers a free consultation and remember to always ask
if the first visit is free. The first visit is where you discuss
your circumstances and the cost of the filing, counseling and fees.
Look for a bankruptcy lawyer with good confidentiality ratings and
don't hesitate to interview multiple lawyers before coming to a
decision.
Lumberton bankruptcy lawyers can handle all aspects of bankruptcy law (including
all types listed below) and provide legal methods for an individual
or business to either eliminate debts by liquidating and distributing
assets or resolve them by developing a court-approved reorganization
plan, or other plan involving the repayment of creditors over time.
Your lawyer should help you learn the primary purposes and applications
of
Lumberton ,
North Carolina bankruptcy laws and how they function to relieve individuals and
businesses from indebtedness and provide a fresh financial start.
Title 11 of the United States Code (the bankruptcy code) regulates
the bankruptcy proceedings, including what chapter under which a
debtor may file, what bills can be eliminated, how long payments
may be extended, what possessions can be kept, and all other details
concerning the bankruptcy.
Chapter 7 Bankruptcy is also known as “liquidation,” "straight
bankruptcy," or “complete bankruptcy,” is the most commonly filed
form of bankruptcy among individuals. Chapter 7 Bankruptcy essentially
allows the debtor to make a fresh start. When a Chapter 7 Bankruptcy
has been filed in
Lumberton , a trustee collects the debtor's nonexempt assets, which are then
reduced to cash, and distributions are made to the creditors in
accordance with bankruptcy law. > Read
More >
Chapter 11 Bankruptcy primarily applies to commercial enterprises
that wish to continue business operations while repaying creditors
through a court-approved reorganization plan. Under
Lumberton Chapter 11 Bankruptcy, the debtor has the right to file a plan of
reorganization within 120 days after the order for relief. The debtor
must provide creditors with a disclosure statement that allows the
creditors to evaluate the plan, although whether the plan is approved
is ultimately the Court’s decision. > Read
More >
Chapter 13 Bankruptcy is designed for an individual who has a regular
source of income, a desire to pay his or her debts, but currently
is unable to do so. Chapter 13 Bankruptcy may be preferable to Chapter
7 Bankruptcy because Chapter 13 Bankruptcy usually allows the debtor
to keep a valuable asset, such as his or her own house. Under
Lumberton Chapter 13 Bankruptcy the debtor may arrange and propose a plan
to the Court. The plan illustrates how the debtor will repay creditors
over time, between three and five years. The Court must then approve
this plan. > Read More >
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