Chapter 7 bankruptcy provides a forum for businesses to orderly winddown their operations, liquidate their assets, and distribute the resulting net proceeds to creditors. The benefits of business chapter 7 bankruptcy include: proper notice to all creditors, disclosure of pertinent financial information to all affected parties, centralized forum to deal with a variety of debtor/creditor issues, Trustee assistance in winding down operations and liquidating assets.Individual Chapter 7 Bankruptcy
Chapter 7 bankruptcy is also available to individuals who wish to discharge their debts and get a “fresh start”. The Raleigh Chapter 7 bankruptcy attorneys at Hendren, Redwine & Malone, PLLC assists individual debtors through the entire bankruptcy process with the goal of maximizing the benefits of the bankruptcy case.
Chapter 7 bankruptcy cases can be filed in one of three federal districts in the State of North Carolina. The United States Bankruptcy Court for the Eastern District of North Carolina covers the following counties:
Jason Hendren, Rebecca Redwine, and their staff have represented numerous businesses and individuals in Chapter 7 bankruptcy cases throughout the Eastern District of North Carolina.