Chapter 7 Bankruptcy

Business Chapter 7 Bankruptcy

Chapter 7 bankruptcy provides a forum for businesses to orderly winddown their operations, liquidate their assets, and distribute the resulting net proceeds to creditors.  The benefits of business chapter 7 bankruptcy include:  proper notice to all creditors, disclosure of pertinent financial information to all affected parties, centralized forum to deal with a variety of debtor/creditor issues, Trustee assistance in winding down operations and liquidating assets.

Individual Chapter 7 Bankruptcy

Chapter 7 bankruptcy is also available to individuals who wish to discharge their debts and get a “fresh start”.  The Raleigh Chapter 7 bankruptcy attorneys at Hendren, Redwine & Malone, PLLC assists individual debtors through the entire bankruptcy process with the goal of maximizing the benefits of the bankruptcy case.

Chapter 7 bankruptcy cases can be filed in one of three federal districts in the State of North Carolina.  The United States Bankruptcy Court for the Eastern District of North Carolina covers the following counties:

CarteretGranvilleNew HanoverVance

Jason Hendren, Rebecca Redwine, and their staff have represented numerous businesses and individuals in Chapter 7 bankruptcy cases throughout the Eastern District of North Carolina.

Recent Chapter 7 Bankruptcy Articles

  • Bankruptcy Filings Fall Slighly in Eastern District of North Carolina

    As reported by Channel 14 news, bankruptcy filings fell slightly in the Eastern District of North Carolina for September when compared to the previous year.  For more, click here. If you have a bankruptcy question, call the bankruptcy Super Lawyers at Hendren & Malone.

  • Wilmington Gateway Developer Files Chapter 7 Bankruptcy

    Reports are that the 11-story Gateway project in downtown Wilmington has avoided foreclosure when the developer filed Chapter 7 bankruptcy.  For more click here. If you have a Chapter 7 or Chapter 11 bankruptcy question, call Jason Hendren or Rebecca Redwine at Hendren & Malone.

  • Greensboro Ham’s Restaurant Closes, Company in Bankruptcy

    Reports are that the Greensboro Ham’s restaurant recently closed despite being purchased out of bankruptcy several weeks ago.  Click here for more. If you have questions about a North Carolina bankruptcy issue, call the lawyers at Hendren & Malone.

  • Hams Restaurant Bought By Greensboro Company

    Hams Restaurant was bought by a Greensboro company during a bankruptcy auction in Wilson.  For more information, click here. If you have a bankruptcy question, call Jason Hendren at Hendren & Malone.

  • Ham’s Restaurant Bankruptcy

    As reported by Greensboro News and Record, the Erwin family could retain control of the Ham’s Restaurant chain built by Charles Erwin, according to bankruptcy filings. And Charles Erwin could remain at the helm, although without a financial stake in the company. A motion filed July 9 shows that Erwin’s parents, through a Raleigh-based company called […]