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Elizabeth City
(252) 335-0871
Nags Head
(252) 441-0871
Columbia
(252) 796-8561
Gavel of a personal injury lawyer in Elizabeth City, NC

Residential Real Estate in Outer Banks, NC

Lawyer in Elizabeth City, NC

Representing Your Rights During Bankruptcy

            Our firm represents individuals in Chapter 7 bankruptcy. Chapter 7 provides individuals a discharge of most unsecured debts while typically allowing the individual debtor to keep homes secured by mortgages or vehicles secured by loans if the debtor continues to pay for those assets. An individual Chapter 7 debtor may also choose to surrender such property and walk away from the home or vehicle. The firm also represents businesses in Chapter 7 bankruptcy which provides for an orderly closing of the business. Our firm routinely represents creditors in Chapter 13 bankruptcies and Chapter 11 reorganizations.

            Hornthal, Riley, Ellis & Maland L.L.P. attorneys have over 30 years of experience collectively in aiding Northern North Carolina residents with filing for bankruptcy. We listen closely to our clients' concerns and what they expect from us, then work together to create a legal strategy that will help obtain the best outcome for them.

Chapter 7 Bankruptcy

            Chapter 7 bankruptcy is the process in which all or most of an individual's debts are canceled out. During this process, some assets may be liquidated to pay creditors. There is also an Order for Relief imposed, under which most creditors are forbidden from seizing property, garnishing wages, or making harassing phone calls. It offers individuals a fresh start. They will be required to take a means test to determine ability to pay debts. If able to pay, they will not qualify for Chapter 7 bankruptcy. Our bankruptcy attorney in Elizabeth City, NC is available to help answer any questions.

Chapter 11 Bankruptcy

            Chapter 11 bankruptcy is primarily for companies looking to restructure their debts without impacting their business operations. They become a debtor in possession and will be subject to court jurisdiction. Chapter 11 bankruptcy is also available for individuals wishing to hold onto their assets and repay their debts over time.

Chapter 13 Bankruptcy

            Chapter 13 bankruptcy is ideal for those who own property and are making mortgage or car payments. It's largely a debt consolidation method which works into a payment plan of three to five years. Those who choose this method benefit from its flexibility, as their payment plan can be modified to reflect any changes in circumstance or living expense. A Hornthal, Riley, Ellis & Maland L.L.P. bankruptcy attorney in Elizabeth City, NC can work up a plan that fits your life and budget and that helps get your finances back on track.