Bankruptcy, Chapter 7 and Chapter 13, and Personal Injury Law Firm

The Mabrito Law Firm

The Terry Building 1801 E. 5th St. Suite 201 Charlotte, North Carolina 28204 USA

 (704) 808-0557 or (877) 816-7833
 (206) 350-2974

www.mabritolaw.com/
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Law Firm Overview Free Consultation

The Mabrito Law Firm is dedicated to providing clients with courteous, vigorous and professional representation on bankruptcy and personal injury issues. Our principal bankruptcy attorney, Jefferson Mabrito, started his career providing legal counsel to commercial banks, investment banks and other financial institutions. His experience with big financial organizations translates into an understanding of debt and finance at the consumer level.

Practice Areas

Practice Areas Description

Our areas of practice include, but not limited to the following:

- Bankruptcy

Getting out of debt can be easier and cheaper than you think. If you have significant debts, and you cannot foresee a time when you will be able to repay them, either Chapter 7 or Chapter 13 bankruptcy may be right for you.

*Chapter 7
Also known as "straight" bankruptcy or debt-liquidation bankruptcy, Chapter 7 bankruptcy is an extremely effective method of wiping out debt, eliminating most types of debt within just a few months. Often, Chapter 7 filers are allowed to keep all of their property, but there are rules about how much property a bankruptcy filer may keep. If filers have more property than they are allowed to keep under the bankruptcy "exemption" rules, they are required to give up the nonexempt assets to be divided among creditors as payment. As compared to Chapter 13, unless there is a special reason for filing a Chapter 13, for most people, Chapter 7 is the quicker, simpler and better choice.

*Chapter 13
Often called "reorganization" bankruptcy, Chapter 13 bankruptcy involves creating a financial reorganization plan to make payments on their debts in monthly increments over a three- to-five-year period. At the end of the repayment plan, remaining unpaid balances get erased. In general, Chapter 13 takes longer to complete and entails more requirements than Chapter 7. However, Chapter 13 has some advantages over Chapter 7. If you have fallen behind on your home or vehicle payments, for example, you can use Chapter 13 to save your home or vehicle from foreclosure or repossession. Also, if you are an individual who has nonexempt property that you would lose in a Chapter 7, you may be able to propose a Chapter 13 plan that will allow you to erase your debts and keep all of your property.

*Chapter 11
We also deal with Chapter 11 bankruptcy, which applies exclusively to business clients and, in some instances, high net worth individuals.

Attorneys

Mr. Jefferson V. Mabrito Attorney Bankruptcy

More Information on The Mabrito Law Firm

Bankruptcy Attorney in Charlotte, North Carolina
Bankruptcy Lawyer in Charlotte, North Carolina
Charlotte, North Carolina Bankruptcy Law Firm
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