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North Carolina Bankruptcy Records

In 1986, the US Congress laid the foundation of the bankruptcy administrator program. According to this program bankruptcy administrator offices were to be set up in six judicial districts of the state of North Carolina and Alabama. These offices were responsible for the adjudication of North Carolina bankruptcy cases. It comprises of a panel of trustees that are assigned the responsibility of examining the transactions and keep an eye on the conduct of both the parties that are involved in the case. North Carolina bankruptcy records contain the details of all bankruptcy cases that have been filed in the state till date.

As a resident of the state of North Carolina, you can file for bankruptcy under the laws stated under Chapter 7 & 13 of the US bankruptcy laws. Chapter 7 states the laws for Straight Bankruptcy according to which an individual can get rid of all his outstanding debts except for the ones that are listed and make a new beginning. If a case is filed under Chapter 13 of the bankruptcy laws, that states the wage earner bankruptcy, then the outstanding amount of debt can be repaid according to a financial plan.

Though the federal law for bankruptcy is uniform for all the states in the United States of America, each state has made certain exceptions to the rule. For example, the bankruptcy exemptions criteria differ from one state to the other. If you are a resident of North Carolina, you can still retain some of you're assets even if you file a bankruptcy. These include health aids prescribed by a medical authority, public employee pensions, household items, appliances, musical instruments worth $5000 along with an additional amount of $1000 for each of the dependants in the family, retirement accounts and annuities, a business partnership property, professional resources like tools and books, life insurance proceeds and any property worth $3500 that you have expressed interest in, at least 3 months before filing for bankruptcy.

North Carolina bankruptcy records can retrieve from the websites maintained by the North Carolina Courts or from the Public Access to Court Electronic Records or PACER system. These are comprehensive databases compiling all information regarding bankruptcy cases in North Carolina, the parties involved and the decision of the bankruptcy courts. If you browse through these records you would come across the number of cases that were filed in the North Carolina bankruptcy courts till date. For example in the year 2008, 19,710 cases of bankruptcy were filed under chapter 7, 11 and 13 of the bankruptcy laws in the state. That comprised 1.96% of the total cases across the country.

There are three North Carolina Courts namely, North Carolina Western District Court, North Carolina Eastern District Court and North Carolina Middle District Court, have their offices in different parts of the state. The North Carolina Western District Court offices are located at Statesville, Charlotte, Shelby and Ashville. North Carolina Eastern District Courts are located in New Bern, Wilson, Elizabeth City, Wilmington, Fayetteville, and Raleigh. The Middle District courts are located in Winston-Salem, Durham and Greensboro.