The NC Bankruptcy Law Firm

4.      My Retirement?

Most retirement savings plans are protected by the Employee Retirement Income Security Act (ERISA), and are fully protected in bankruptcy. We can help you determine whether your specific retirement account will be protected in bankruptcy so you can keep the savings intact for your retirement. Also, Individual Retirement Accounts (IRAs) are generally fully protected in bankruptcy.

5.      Will Harassing Phone Calls Stop?

The automatic stay goes into effect the moment your bankruptcy petition is filed. Once our office has prepared your bankruptcy petition and you have thoroughly reviewed and signed it, your bankruptcy petition will be filed electronically with the bankruptcy court, meaning that we can get a case number instantly. At this point, creditors must stop contact with you, including telephone calls, letters and all legal actions. You and your creditors will receive an official notice from the United States Bankruptcy Court.

6.      Fees

Chapter 7

• Filing fee to the bankruptcy court: $299
• Credit Report: $35
• Credit Counseling: $34
• Fees: Averages $1,500

Chapter 13

• Filing fee to bankruptcy court: $274
• Credit Report: $35
• Credit Counseling: $34
• Fee required to be paid prior to the filing of the case: No less than $300
• Additional fees paid through the plan: Normally $3,000