Seven Raleigh Bankruptcy Options
Seven Raleigh Bankruptcy Options
Thinking about filing bankruptcy in Raleigh? Great! All can help you restart your finances, but each works differently and costs different amounts.
🌟 Chapter 7: Debt-Free in 90 Days!
https://cameronbankruptcylaw.com/chapter-7-bankruptcy-attorney-in-raleigh/
- What it does: Wipes out most types of unsecured debt, like credit cards and personal loans.
- How long: ~90 days.
- Who it’s for: People with low or average income and few assets
- Court fee: $338.
- Class fees: $37
- Lawyer’s fee: $2297.
- Total cost (estimate): $2,672.
- Credit report hit: 10 years from discharge date.
🔄 Regular Chapter 13: Partial Repayment Over Time
https://cameronbankruptcylaw.com/raleigh-bankruptcy-13-lawyer/
- What it does: Lets you pay part of your debts over 3–5 years in a court-approved plan.
- How long: 3–5 years.
- Who it’s for: People with regular or higher income needing to catch up on bills.
- Court fee: $313.
- Class fees: $37
- Lawyer’s fee: ~$1,000 upfront and ~$92/month for 60 months.
- Total filing cost (estimate): $6,850.
- Credit report hit: 7 years from the filing date, not the end date
🚨 Need to File Fast – An Emergency Chapter 13 is the Answer!
https://cameronbankruptcylaw.com/emergency-chapter-13-bankruptcy-in-raleigh/
- What it does: Lets you stop a repossession, wage garnishment, or foreclosure and pay part of your debts over 3–5 years in a court-approved plan.
- How long: 3–5 years.
- Who it’s for: People in or close to foreclosure, wage garnishment, or repossession.
- Court fee: $313.
- Class fees: $37
- Lawyer’s fee: $2,000 upfront + $500 for each Chapter 13 dismissed in the last 2 years
- Total filing cost (estimate): $6,850
- Credit report hit: 7 years from the filing date, not the end.
🚀 New! Debt Busters’ Plan – Just $99/Month
https://cameronbankruptcylaw.com/debt-busters-raleigh-nc/
The Debt Busters’ Plan is a special version of Chapter 13 designed to be simple, affordable, and fast. Here’s how it works:
- What it does: Allows people who qualify for a Chapter 7 with NO other priority debt to have a bankruptcy with less down.
- How long: 3 years.
- Who it’s for: People struggling with a regular paycheck or limited income, but can’t afford big debts or the upfront attorney fees of a Chapter 7.
- Court fee: $313.
- Class fees: $37
- Lawyer’s fee: $500 down, $99/m for 3 years..
- Total cost (estimate): $4,414.
- Credit report hit: 7 years from the filing date, not the end.
- What you get:
- Stops creditor calls and harassing letters.
- Combines all your debts into one $99 payment.
- Includes attorney fees—so no extra lawyer costs!
Final result: Your qualifying unsecured debts (like credit cards and medical bills) are permanently wiped out!
🚨 Been in a bankruptcy in the Last 2 Years?
https://cameronbankruptcylaw.com/emergency-chapter-13-bankruptcy-in-raleigh/
- What it does: This is for people who have filed, but not finished a Chapter in the last 3 years.
- How long: 3–5 years.
- Who it’s for: People who have filed Chapter 13 in the last 3 years, but never finished.
- Court fee: $313.
- Class fees: $37
- Lawyer’s fee: ~$2,000 upfront for one filing, $1,000 more for each subsequent, plus payment plan.
- Total cost (estimate): $6,850.
- Credit report hit: 7 years from the filing date, not the end.
🚀 New! Zero Down, $99/Month
The ZERO Down is a special version of Chapter 13 designed to be simple, affordable, and fast. Here’s how it works:
- What it does: Allows people who qualify for a Chapter 7 with NO other priority debt to have a bankruptcy with less down.
- How long: 3 years.
- Who it’s for: People struggling with a regular paycheck or limited income, but can’t afford big debts or the upfront attorney fees of a Chapter 7.
- Court fee: $313.
- Class fees: $37
- Lawyer’s fee: $0.00 down, $99/m for 5 years.
- Total cost (estimate): $6,290.
- Credit report hit: 7 years from the filing date, not the end.
- What you get:
- Stops creditor calls and harassing letters.
- Combines all your debts into one $99 payment.
- Includes attorney fees—so no extra lawyer costs!
Final result: Your qualifying unsecured debts (like credit cards and medical bills) are permanently wiped out!
🌟 Business Owner’s Personal Chapter 7
- What it does: Wipes out most types of unsecured debt, like credit cards and personal loans, and anything you PERSONALLY guaranteed.
- How long: ~90 days.
- Who it’s for: People with low or average income that has a business that makes more than $500/m gross and is not being sued by clients.
- Court fee: $338.
- Class fees: $37
- Lawyer’s fee: $3,997.
- Total cost (estimate): $4,372.
- Credit report hit: 10 years from discharge date.
🔍 Quick Comparison Table
| Feature | Chapter 7 | Business Owner’s Personal Chapter 7 | Chapter 13 | Emergency Chapter 13 | Debt Busters’ | Zero Down | Multiple Time Filer |
|---|---|---|---|---|---|---|---|
| Goal | Fast debt wipe‑out | Fast debt wipe‑out | Partial repayment over time | Partial repayment over time | Partial repayment over time | Partial repayment over time | Partial repayment over time |
| Timeframe | 90 days | 90 days | 3–5 years | 3–5 years | 36 months | 60 months | 3–5 years |
| Court & Class fee | $338 + $37 | $338 + $37 | $313 + $37 | $313 + $37 | $313 + $37 | $313 + $37 | $313 + $37 |
| Lawyer fee | $2,297 | $3,997 | $6,500 | $6,500 | $4,064 | 5,464.80 | $6,500 |
| Total payment | $2,672 | $4,372 | Varies | Varies | $4,414 | $5,464.80 | Varies |
| Credit impact | 10 years | 10 years | 7 years from the filing date | 7 years from the filing date | 7 years from the filing date | 7 years from the filing date | 7 years from the filing date |
| Best for | Medium to Lower income, takes typically 3 months | Business Owner’s takes typically 3 months | Above average income, need to catch up | People in an emergency, such as foreclosure, wage garnishment, or repossession. | Affordable monthly plan with legal support | Affordable monthly plan with legal support | People who have filed for and dropped out of bankruptcy in the last 3 years. |
🤔 Which One Should You Choose in Raleigh?
Need a quick, easy fresh start?
Go for Chapter 7—fast and affordable.Have a steady paycheck and are behind on bills?
Try Chapter 13—it saves your stuff but costs more.Want an affordable legal option without big fees?
The Debt Busters’ Plan is perfect: $99/month, under 3 years, no big lawyer bills!
📝 What You’ll Need
Credit counseling course ($25)
Debtor education course ($12)
Forms, copies, credit reports ($30–50)
Attorney assistance (highly recommended)
💡 More Tips for Raleigh Families
With Chapter 13, plan your budget carefully—monthly payments last for 3-5 years.
The Debt Busters’ Plan is best if you want legal protection, low upfront cost, and clear terms.
🚀 Bottom Line for Raleigh
Chapter 7 – fastest, cheapest, but may lose assets.
Chapter 13 – keeps your assets, but it is expensive and lengthy.
Debt Busters’ Plan – new, easy, legal, and just $99/month!
- Emergency Chapter 13 – if you are going into foreclosure or have a vehicle that could be repoed.
Let me know if you want help finding a Raleigh lawyer who offers the Debt Busters’ Plan or to talk more about which one fits you best 😊
