North Carolina Chapter 7 and 13 Bankruptcy Lawyer
In filing for bankruptcy, there are a number of exemptions people can claim in order to protect some or all of their property from liquidation on the part of creditors. Exemptions are also important if you do not initially pass the means test for filing for Chapter 7 bankruptcy.
Under current bankruptcy law, in order to file for chapter 7 bankruptcy, your monthly income cannot exceed the average monthly income for households of a similar size in the state of North Carolina. If you don't initially pass the means test for filing for Chapter 7, claiming certain exemptions may make you eligible in the end. However, the details are complicated and if done incorrectly, could result in criminal charges if the court believes you falsified information.
If you are thinking of filing for bankruptcy, contact the Law Office of Robert G. LaMontagne today to schedule a free consultation to discuss your case.
Exemptions for filing Chapter 7 or Chapter 13 Bankruptcy
The formula used to calculate exemptions can be quite complicated, needing the assistance of an attorney. Additionally, there are a number of possible exemptions you may be able to claim when filing for Chapter 7 or Chapter 13 bankruptcy. The list below provides a general overview of some of the available exemptions and is not intended as an exhaustive list:
- Homestead
- Motor Vehicles
- Tools of the Trade
- Pensions and Retirement funds
- Burial plots
- Health aids
- Animals
- Musical instruments
- Certain furnishings and household goods
- Insurance
- Alimony and child support
- Workers' compensation
Considering Filing for Bankruptcy? Contact Robert G. LaMontagne Today
There are a number of financial considerations that must be taken into account when filing for bankruptcy, including re-establishing your credit and life after bankruptcy. As your attorney, Robert G. LaMontagne helps you understand what's involved in the bankruptcy process and the steps you can take to regain your financial footing.
Get started today with Chapter 7 Bankruptcy for $299; Chapter 13 for $279
To learn more about bankruptcy exemptions and Chapter 7 or Chapter 13 bankruptcy, contact the Law Office of Robert G. LaMontagne today to schedule a free consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
