Chapter 7 Bankruptcy

Don’t Let Debt Defeat You: Chapter 7 Bankruptcy Can Provide a Fresh Start

If you’re plagued by debt, filing Chapter 7 bankruptcy may be the most effective way to protect yourself from creditor harassment and start afresh.

Ralph W. Gorrell, Attorney At Law is a licensed bankruptcy attorney ready to help you file for Chapter 7 and make the phone calls stop. We’ve helped numerous clients absolve themselves of debt and can do the same for you. Some advantages to filing Chapter 7 with Ralph W. Gorrell, Attorney At Law include:

  • Help analyzing your debt
  • Determining your property exemptions
  • Assuring your eligibility for Chapter 7
  • Reaffirming your secured debts
  • Assistance filing all the necessary Chapter 7 forms

Beyond guiding you through the Chapter 7 process, Ralph W. Gorrell, Attorney At Law will instruct you as to the best course of action. Chapter 7 isn’t for everyone, and there are numerous factors to consider. No matter your situation, you can always trust Ralph W. Gorrell, Attorney At Law to provide honest legal counsel that helps with your debt.

Don’t Let Debt Ruin Your Life; Get Your Debt Absolved With the Help of Ralph W. Gorrell, Attorney At Law.

To schedule a free consultation please call us today!

Please review our site and see what we may be able to offer you.
Feel free to Call us at (336) 379-9416.

 

[box type=”info”] This site and its information is not legal advice, nor is it intended to be. Contacting us does not create an attorney-client relationship. Get in touch by electronic mail, letters or phone calls. Do NOT send any confidential information to us until an attorney-client relationship is established. Information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. Information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. Consult an attorney for advice about your individual situation.[/box]

Bankruptcy

A business or an individual can declare bankruptcy once they have ascertained that it has become impossible to pay off one’s creditors. It can give you a chance to start over from a financial point of view, as most of debts are relieved after bankruptcy as been filed.

Chapter 7, or liquidation bankruptcy, means that your “estate” is sold in order to pay off your creditors.  (selling your assets)

A reorganization bankruptcy can also involve the selling of assets, but more often than not you can retain a majority of your assets while your creditors’ needs are assessed. Reorganization bankruptcies can be filed under the following guidelines:

Chapter 9 – municipalities

Chapter 11 – businesses and individuals with many assets

Chapter 12 – farmers, fisherman

Chapter 13 – individuals with steady income

Chapter 15 – international cases

Contact us today to learn more about your options under the current bankruptcy laws.

Ralph W. Gorrell, Attorney At Law is here to help.  Please review our site and see what we may be able to offer you.  Feel free to Call us at (336) 379-9416.

 

[box type=”info”] Information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship. Consult an attorney for advice about your individual situation.This site and its information is not legal advice, nor is it intended to be. Get in touch by electronic mail, letters or phone calls. Contacting us does not create an attorney-client relationship. Do NOT send any confidential information to us until an attorney-client relationship is established. Information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. [/box]