Charlotte Chapter 7 Bankruptcy Attorney
Personalized, Effective Debt Relief Via Chapter 7
At the Law Office of Kimberly A. Sheek, I am known for providing well-informed advice and personalized guidance. With me, clients work directly with a knowledgeable Chapter 7 bankruptcy attorney in Charlotte from start to finish. I am here to successfully get you through the process.
What Debts Can Be Discharged in Chapter 7 Bankruptcy?
If you are drowning in debt and need fast, effective relief, Chapter 7 bankruptcy may be the solution for you. Chapter 7 is known as liquidation bankruptcy because it can clear all or most unsecured debt.
Debts that can be discharged in Chapter 7 bankruptcy include:
- Credit card debts
- Medical bills
- Debts from lawsuits
- Collection agency debts
- Overdue bills
- Personal loans
How Do I Qualify For Chapter 7?
Not everybody will qualify for Chapter 7 due to income restrictions. You must make less than the median household income in your state in order to qualify (also known as the means test). You must also attend a meeting of creditors and participate in credit counseling courses.
You may also be unable to file for Chapter 7 if you had a prior bankruptcy case dismissed within the last 180 days due to allegations of fraud or abuse. Additionally, if you filed for and completed a Chapter 7 bankruptcy previously, you won't be able to apply for Chapter 7 again for at least eight years.
If you do not qualify for Chapter 7 bankruptcy, you may benefit from Chapter 13 bankruptcy. I can advise you of your options and discuss the best possible solution to your financial troubles.
What is the Means Test?
The “means test” is a way to determine if you qualify for Chapter 7 bankruptcy. The means test is used to determine if discharging your debt would be an abuse of the bankruptcy system. The means test reviews your gross household income compared to the median household income for a family of the same size in North Carolina, and your expenses are also considered.
The means test was designed to limit who could file Chapter 7 bankruptcy. In some cases, Chapter 13 bankruptcy may be the better option. However, there are many considerations that an experienced bankruptcy attorney will consider when evaluating whether Chapter 7 is the best option for you. This is one of the many reasons it is so important to call the Law Office of Kimberly A. Sheek for a free bankruptcy consultation today!
What Assets Are Exempt in North Carolina?
Each state has their own laws that allow individuals to protect their property from creditors and trustees. The laws in North Carolina are as follows:
Homestead: If you are over 65, you can protect up to $60,000 in equity. If you are under 65 you can protect up to $35,000
Personal Property: You can protect up to $5,000 in clothing, $25,000 in college savings
Vehicle: $3,500 in equity for your vehicle
Will I Keep My Property after Chapter 7?
Chapter 7 allows for a number of exemptions. Many assets, such as small items, clothing, and furniture have little to no liquidation value and can be kept in most cases. Most people are also able to keep their home and car after Chapter 7 if they are within exemption limits.
Some exemptions available to debtors in North Carolina include:
- Up to $35,000 for your homestead, or $60,000 for some debtors age 65 and older
- Clothing up to $5,000, plus $1,000 per dependent
- Up to $25,000 for college savings accounts, with some exceptions
- $3,500 for motor vehicles
- A "wildcard" of up to $5,000 of any unused portion of your homestead exemption
Additional exemptions exist for retirement accounts and earned wages. I can discuss what you may be able to keep and what you can expect during the process.
Start with a Free Debt Consultation
I have more than a decade of experience guiding clients through bankruptcy. I have represented thousands of cases and helped many of my clients find a fresh financial start. I listen to you and approach each case with unique solutions that serve your short- and long-term financial interests. You are not alone throughout the process because a Charlotte Chapter 7 bankruptcy lawyer will be there every step of the way.
Kimberly A. Sheek
Backed by more than a decade of legal experience, Kimberly has been selected for the 2013 and 2016 Super Lawyers® list of Rising Stars℠, an honor that goes to only 2.5% of all North Carolina attorneys. She is known for delivering personalized legal support and fast, satisfactory results. Kimberly is dedicated to preserving her clients’ best interests through negotiations instead of going to trial, but if a trial is unavoidable, she then proves to be an aggressive litigator. See how she is qualified to represent you.
Kim and Team have done a great job over the past few years helping me navigate this financial disaster brought on by divorce. They always kept me informed throughout the process and Carol kept me on track with my classes. Kim is very straight forward and was always responsive to my emails. Cause, I have 20 questions! Thanks Kim for helping me make some very important life decisions the past few months 2022! Who knew? If you had told me last year I'd be debt free, sold my house and a 680 credit score, i wouldn't believe it. Thanks to you I've landed on my feet. There is life after Chapter 13.K DavisCharlotte, NC
Kim was Fantastic in assisting me with my bankruptcy case. I suffered a pulmonary embolism back in 2019 and deal with mild/moderate memory & retention issues and Kim was so incredibly understanding, helpful and considerate of my condition while assisting me through the emotionally challenging process of filing for bankruptcy. I am extremely grateful I found Kim and had her successfully guide me through this process. I Highly Recommend Kim to anyone having to file for bankruptcy. You will be so very glad you did!BSFLocust, NC
Kimberly Sheek is an Amazing Attorney to work with. She is pleasant very patient and turn around time is awesome. She is passionate about her job and she makes you feel like she cares . She returns calls promptly If I ever need an Attorney she will be my first call.Richard TaylorCharlotte, NC
Kimberly has truly been a pleasure to work with throughout my bankruptcy process. She is very sweet, patient, and honest. She truly made this process so much easier to deal with and she put my fears to rest. She always responds to calls and emails promptly and her turnaround time with my case was amazing! I highly recommend her if you’re in need of an attorney.Donna ClarkeCharlotte, NC
My recent experience with Kimberly Sheek Law Office has been nothing but a positive one. I was very concerned about everything the bankruptcy process would entail. Mrs. Sheek was direct, detailed, always pleasant to speak with and always got back to me in a timely manner. She graciously walked me through every part of the process, clearly explaining my options, and clarified which steps I would need to take in order to cleanly go through with the legal proceedings. I highly recommend Mrs. Sheek to anyone in need of a Bankruptcy Attorney.MaryHuntersville, NC
Kim is an outstanding attorney she's very thorough in her work and in explaining bankruptcy proceedings I'm most grateful to her for helping me work through this issue and getting it behind me.M. WilliamsCharlotte, NC
Kimberly A. Sheek is the best attorney ever! I was very nervous going into this bankruptcy procedure and had no idea what to expect. Kim assured me from day one that all would be well explained the procedures pretty much step by step to make sure I would be prepared. When I went to the creditors meeting, she came over and reassured me that I had nothing to worry about and she was right, as it took no more than 10 min at the most and went quite smoothly. I received my discharge papers right around the time she said I would. If you are looking for a qualified, smart, caring and educated BK Attorney, you cannot go wrong with Kim.Paulette B.Charlotte, NC
I was looking for a bankruptcy attorney for my daughter. Being new to the area I began searching the internet for one. After narrowing down my search, I selected Attorney Kimberly. When we met with her for the first time I felt confident that we had the right person. We were fearful going in but relaxed when we left. I really liked how she worked with my daughter, explaining how the different laws work so that my daughter had all of facts before making a decison. Even later when we had questions, Attorney Kimberly returned our calls or sent us an email. If you are looking for someone that will put your mind to rest, knowledgeable, friendly and concerned about YOU then I suggest you hire Attorney Kimberly Sheek.A. ThomasCharlotte, NC