Attorney's activities
At Gillespie & Murphy, we are a Christian law firm dedicated to helping individuals and business owners throughout North Carolina find debt relief through bankruptcy. Our mission is to help those struggling with debt obtain peace of mind and a fresh financial start. We provide the complete range of bankruptcy services, and we guide individuals, families, and business owners through the complicated and often-confusing bankruptcy process. Financial distress is both physically and emotionally exhausting. We help you relieve your financial distress so that you can get back on a positive financial footing – and regain a positive outlook on life.
Our motto is simple: We listen, never judge. All of us at some point have experienced financial turmoil one way or another. If you are behind on credit card bills, mortgage payments, auto loans, or any other type of debt, reach out to us. Let our team of skilled North Carolina bankruptcy attorneys help you find the personalized solution that best fits your circumstances. Finding a team of attorneys who have helped others in similar situations is a reassurance that your case is in good hands.
The attorneys at Gillespie & Murphy have over 45 years of combined legal experience. We offer our legal skills and knowledge to guide you through the bankruptcy process so that you can move positively and constructively into the future with a clean financial slate. Whether you are declaring bankruptcy for yourself or for your business, we will answer all of your questions and address all of your concerns. We ensure that your legal paperwork is accurate and complete, so that your bankruptcy petition is not delayed or denied because of a mistake on your end. We also help you rebuild your credit after bankruptcy with sound financial advice and recommendations.
We Handle Personal and Business Bankruptcies
Personal bankruptcies are either “Chapter 7” or “Chapter 13” bankruptcies. If the language of bankruptcy is confusing to you, you’re not alone. Chapter 7 and Chapter 13 both refer to chapters in “Title 11” of the United States Code, the complete federal laws of the United States. The United States Code currently includes 53 titles. Title 11 is known as the U.S. Bankruptcy Code, the source of bankruptcy law in the United States. A Chapter 7 bankruptcy and a Chapter 13 bankruptcy are quite different kinds of procedures, but an attorney at Gillespie & Murphy will help you determine which type of bankruptcy best fits with your circumstances.
A Chapter 7 bankruptcy is mainly for those persons who do not have a regular monthly income or whose income is not sufficient to pay their debts. A Chapter 7 bankruptcy usually discharges most types of consumer and household debts. Only some specific, non-dischargeable debts such as student loans, child support payments, court fines and fees, and certain types of taxes are not covered by a Chapter 7 bankruptcy. Since 2005, the bankruptcy code has required a means test to determine if a bankruptcy candidate meets the basic criteria for a Chapter 7 bankruptcy. An attorney at Gillespie & Murphy can determine if you meet the requirements.
Most high-income individuals will find it difficult to qualify for a Chapter 7 bankruptcy. No means test is required for a Chapter 13 bankruptcy, but you will have to pay off your unsecured debts over three to five years. A Chapter 13 bankruptcy allows someone with a regular monthly income to design a plan to repay all or part of his or her debt. It combines your debts so that you make one monthly payment. The Chapter 13 process helps individuals and families restructure their debts, avoid foreclosures, and manage their spending. An attorney at Gillespie & Murphy can guide you through the Chapter 13 bankruptcy process.
Gillespie & Murphy also helps business owners with Chapter 11 business bankruptcies. When bankruptcy becomes a company’s only realistic option, an attorney at Gillespie & Murphy can help with the restructuring of the company’s debts and obligations. Often, a business bankruptcy means terminating leases, selling off properties, and paying creditors a percentage of their debt over time. At Gillespie & Murphy, we ensure that our Chapter 11 business bankruptcy clients fully understand the bankruptcy process and its requirements.
- Gillespie & Murphy, P.A.
- 320 Middle Street
- New Bern, North Carolina 28560
- (252) 636-2225
J. ALLEN MURPHY Attorney Overview
Gillespie & Murphy, P.A. practices in the fields of
bankruptcy law
and is based in
Greenville,
North Carolina.
The staff of this law firm can be reached at this telephone number:
2526362225 or you may visit them directly at the address given below.
For the most current and accurate information, it is recommended to visit the
official website of the aforementioned legal firm.
If you're uncertain about how Gillespie & Murphy, P.A. can support your needs in bankruptcy law, we invite you to leverage our complimentary legal consultation.
Submit your pressing questions and let our expertise guide you regarding the topic that troubles you.
Solo practitioner?
Based on our current information, the Gillespie & Murphy, P.A. is primarily operated by its owner. However, it's worth noting that situations and team compositions can change. Many high-caliber attorneys in the legal industry choose to work independently or with just a few support staff. While we don't make endorsements,
client reviews and peer evaluations can provide valuable insights into the services offered by
J. ALLEN MURPHY.
