For many people dealing with debt, filing for bankruptcy is often the only option. This process helps consumers or businesses re-organize their debts under the protection of the bankruptcy court. Chapter 7 bankruptcy is one of the two types of bankruptcy you can file for. This falls under the liquidation category. Under this arrangement, a bankruptcy trustee may take and sell the debtor’s property, if it is not exempted or protected, as payment for their debt.
If you are considering filing for a Chapter 7 bankruptcy, it is highly recommended that you work with an experienced lawyer in Raleigh, NC. Beyond that, however, there are a few steps you should take to prepare. Read more from this blog http://bit.ly/2kEu8zp