Chapter 7 Bankruptcy

Butler & Butler, LLP is well known for our knowledge and experience to provide you with the highest level of legal representation and protection under Chapter 7. We provide Chapter 7 bankruptcy guidance to both individuals and businesses. Once a Chapter 7 is filed, an "automatic stay" is issued that prevents most creditors from pursuing any further actions against you.

If you have questions regarding a Chapter 7 bankruptcy, contact our firm by e-mail or call 910-726-3155 to set up an initial consultation.

Providing Effective Chapter 7 Bankruptcy Solutions Throughout North Carolina

At some point, usually after all other realistic options have been exhausted, the dissolution or liquidation of a business may be inevitable or desirable. At that time a company's principals must make a decision about the most appropriate manner of liquidation. The options may include a liquidation under Chapter 7 or Chapter 11, dissolution or receivership under state law or simply a walk-away in appropriate cases. Some of the factors to consider in making a choice between these options include the availability of the automatic stay, the ability to recover preferential or fraudulent transfers, the level of disclosure required to be made and the desired level of control over the liquidation and payment to creditors.

Our expertise can help you assess whether or not some form of liquidation would be best for your business. We can also analyze the pros and cons of each of your options to ensure that you make the decision that is in the best interests of your company and/or its principals.

Guiding Consumers Through Chapter 7 Bankruptcy Filings

A Chapter 7 bankruptcy is an excellent way for an individual to discharge all or most of their debt, and in return, obtain a financial fresh start.

For an individual consumer debtor, there may not be enough money to pay off all creditors. When this happens, the remaining debts are usually discharged.

It is important to speak with a knowledgeable Chapter 7 lawyer regarding your rights. Some debts may not be dischargeable in a bankruptcy filing. Contact our firm by e-mail for help with your Chapter 7 issues.

Chapter 7 Bankruptcy - U.S. Court