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Citizen's Guide to N.C. Banking, Home Loan & Foreclosure

This North Carolina-focused guide will point you to resources that provide information and help to citizens dealing with home loan, mortgage, bankruptcy and debt issues.

Bankruptcy & Debt Resources

Filing for bankruptcy can be complicated. There are three major provisions of the federal bankruptcy code. Chapter 7 (liquidation) seeks to use assets to pay off debt. Chapters 11 & 13 (reorganization provisions for companies and individuals) seek to create a reasonable repayment plan for the debtor.  Below are resources to help you navigate the bankruptcy landscape and decide if a bankruptcy filing is right for you. 

Federal Bankruptcy Code.  Title 11 of the United States Code contains all chapters of the federal bankruptcy code.

Bankruptcy Basics.  This United States Courts site provides user-friendly explanations of federal bankruptcy laws and the bankruptcy process.

Filing for Bankruptcy: What to Know.  If you are considering filing for bankruptcy, you can find information about counseling and education requirements on this Federal Trade Commission site.

Bankruptcy: Should I File? (Nolo).  A series of articles on issues to consider when trying to determine whether or not to file for bankruptcy.

Corporate Bankruptcy.  On this webpage, the SEC discusses the impact of a public company bankruptcy on investors.