Attorney fees for filing Chapter 7 Bankruptcy start at $1,199.00. Our rates are based on the time and complexity of each case. Ms. Jeanne Ann Pennebaker has over 20 years of experience in Chapter 7 and Chapter 13 consumer and small business Bankruptcy, as well as Chapter 11 Bankruptcy.
When you're at the point where you don't know if you can pay your mortgage, your car payment, or even your electric bill, it is time to discuss Chapter 7 Bankruptcy. Most of your property may be exempt, allowing you to keep it after a discharge is granted. Additionally, the never-ending phone calls from creditors will stop immediately. The experienced bankruptcy attorneys at RTS Law Group have the knowledge and skills to navigate you through this detailed process in order to come out with a "fresh start" to your new life. Comparing our attorney fees and court costs to the amount of money being discharged, our clients routinely ask themselves why they didn't talk to us sooner. Contact us today to schedule your initial consultation.
As your debts start to run your life, you may be worried about losing your house or other possessions that are important to you. Chapter 13 Bankruptcy can stop foreclosure and repossession and very well may be your answer if you have a consistent stream of income. Chapter 13 Bankruptcy is a way for people to reorganize their debts by developing a plan in which they can make payments on their debts on a monthly basis over a 3-5 year period. At the end of the 3-5 year period, the remaining debt you owe may be discharged. Whether you want to work through a plan or just have a start fresh, contact us today to set up a consultation where we can discuss the benefits of each type of bankruptcy related to your own individual circumstances.
When your business is unable to service its debt or pay its creditors, you can file for protection with the federal Bankruptcy Court under Chapter 11 Reorganization. Under Chapter 7 Liquidation, the business ceases operations, the assets are sold, and then the proceeds are distributed to the creditors, with any residual amounts being returned the owners. However, under Chapter 11 Reorganization, the business remains active as a 3-5 year plan is developed to pay back creditors. In most instances, the debtor remains in control of the business. The debtor is known as a debtor in possession, and is subject to the oversight and jurisdiction of the court. Debtors are often given this responsibility because they know the business better than anyone else and are usually in the best position to guide their business through the plan. The "Plan" is designed to give breathing room to the debtor while helping creditors feel comfortable that their rights are being protected according to the reorganization plan.
RTS Law Group can enforce the rights of creditors just as debtors do. We represent creditors in all phases of Bankruptcy proceedings, including prosecuting claims in the case, debtor-in-possession financing, and managing secured creditors' interests. We can help negotiate debt restructuring as well as enforce accounts that are not paid according to terms.
RTS Law Group provides services to collect unclaimed funds in Bankruptcy courts throughout the state of North Carolina. When funds are distributed post-discharge, excess funds are sent out to creditors. However, for many potential reasons, they may not be cashed or deposited. After a period of time, if the funds are not processed, these funds are pulled back into the Bankruptcy court until claimed by North Carolina local counsel. Our attorneys can collect these funds, both on behalf of individuals and business entities. Contact us if you potentially have funds that you are entitled to that are caught up in the Bankruptcy court.
The Bankruptcy Means Test, enacted in 2005, is a rather complex formula designed to prevent abuse of the bankruptcy system. One of the main objectives is to force wealthy individuals who meet certain income and debt levels to file Chapter 13 Bankruptcy, thus making monthly plan payments, instead of filing Chapter 7 Bankruptcy and walking away with a discharge. The large majority of individuals will meet the Means Test and will qualify for Chapter 7. Contact us today so that the attorneys at RTS law group can analyze the Means Test in your case and subsequently explain all available options that you have so that you can make an informed decision about your financial future.
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**11 U.S.C. 528(a)(4) NOTICE. We are a debt relief agency. We help people file for bankruptcy relief under the federal Bankruptcy Code.**