Our mission is to provide exceptional legal advice and assistance in these limited areas:
Providing Personal Bankruptcy and Debt Relief in Eastern North Carolina
Bankruptcy is a legal process that provides financial relief for people who cannot pay their debts as they come due. A few of the benefits include:
- Eliminating many debts including credit card debts, medical bills, personal loans, and previous repossessions
- Halting foreclosures & repossessions
- Ending wage garnishments, harassing phone calls, and other collection actions.
- Resolving IRS tax issues.
The federal Bankruptcy Code defines several types of bankruptcies in different chapters of the Code. Individuals facing financial predicaments can choose from the following options:
- Chapter 7: This bankruptcy allows individuals to cancel many, or all of their debts including credit card debts and medical bills. Certain property is considered exempt under this chapter and you can keep things such as your house and car if you are current in your payments. You will have to give up any non-exempt property that can be sold by the bankruptcy trustee to help pay your creditors. We can explain which property is exempt, and therefore protected, and which is non-exempt in your specific situation.
QUICK TIP: Individuals filing a Chapter 7 bankruptcy petition must pass a “means test” to prove they qualify for this legal protection. The means test is a federally established formula that includes your income level, household size, taxes, secured debt, living expenses, and more. These standards are complicated and constantly changing. DO NOT attempt to calculate your qualifications without the assistance of an experienced bankruptcy attorney.
- Chapter 11: This bankruptcy is a reorganization plan for individuals or businesses with a large amount of debt. A chapter 11 plan is submitted to the bankruptcy court detailing how your secured and unsecured claims will be addressed, which creditors will be paid, how much they will be paid, and how long the plan will last. Chapter 11 plans may take three to five years to complete. North Carolina businesses that file Chapter 11 can continue to operate or control their liquidation. A local North Carolina bankruptcy administrator supervises the case. If the plan is not successfully completed, the case may be dismissed or converted into a Chapter 7 bankruptcy.
- Chapter 13: This bankruptcy is another form of reorganization that allows you to repay some or all of your debts depending on which property you want to keep, how much you earn, and how much non-exempt property you have.
- Some benefits of a Chapter 13 filing – If you are behind on your house or car payments and want to keep these assets, you can propose a plan to catch up. If you owe taxes to the IRS or the North Carolina Department of Revenue, you can repay those taxes without penalties or interest through a Chapter 13 plan.
- To qualify for a Chapter 13 bankruptcy you must have a steady stream of income to ensure you will be able to pay your planned debt payments along with your ongoing living expenses.
Traffic Lawyer Assisting North Carolina Drivers And Visitors With Traffic Citations
Craft Law Offices represents drivers who receive a traffic ticket in these North Carolina counties — Pitt, Nash, Edgecombe, and Wilson. Whether you live in North Carolina, or are passing through on your way to another state, we can help you resolve your traffic case quickly and fairly.
Traffic violations can affect your driving record and result in fines and increased insurance rates. Attorney Craft may be able to reduce your charge, the fine, or modify your ticket to your advantage, and you may not have to appear in court. Trust us to protect your driving record and your wallet. We offer free consultations in person or virtually.