BANKRUPTCY ATTORNEY IN ROCKY MOUNT, NORTH CAROLINA
Charles E. Craft, Attorney at Law is dedicated to providing debt relief to our clients in Rocky Mount, North Carolina and surrounding areas. If you feel like you are drowning in debt, let our experts help. During our initial consultation, we will discuss the best options for eliminating your debt depending on your individual situation. We will take the time to listen and answer questions to help you make the best informed decision.
We focus on Chapter 7 and Chapter 13 Bankruptcy.
Chapter 7
Chapter 7 may be the best option for those with little or no income. After qualifying for Chapter 7, you are required to liquidate all nonexempt assets and property as a means to repay creditors. After which, any remaining debt will be discharged and you can have a debt free start.
Chapter13
Chapter 13 is the best option for individuals with a steady income. If you have verifiable, reliable income, creditors will work with you to set up a repayment plan. The payment plans usually last between three to five years. During this time you are required to make regular timely payments. The remaining debt will be discharged at the end of the repayment period.