PLEASE NOTE: To protect your safety in response to the threats of COVID-19, we are offering our bankruptcy clients the ability to meet with us in person, via telephone, or through video conferencing. Please contact our office to discuss your options.
Individuals in North Carolina who file a bankruptcy petition are requesting a federal court to protect them from creditors. The court will oblige this request by putting a hold on collection activity and lawsuits. The petitioner will also enjoy a repayment plan that...
When people in North Carolina file for a Chapter 13 bankruptcy, all creditor actions must stop. This allows filers to reorganize their finances into a repayment plan that last for three to five years. A lump-sum payment is made each month to a trustee who then makes...
The use of asset protection strategies may prevent a home, car or other property from being seized by creditors in North Carolina. These strategies can also be used to prevent the loss of property to tax authorities or for any other reason. In many cases, asset...
Bankruptcy provides a way for individuals in North Carolina who are overwhelmed with debt to get a financial fresh start. Chapter 13 is one of several bankruptcy options that protect debtors from collection actions while they work to pay down the debt they owe....
People in North Carolina have several options for eliminating credit card debt before they apply for bankruptcy. One of the most popular methods is to use a debt repayment strategy. Instead of covering the minimum payment every month, individuals can pay larger...
When one is looking into filing for bankruptcy, the term, “means test” will undoubtedly come up, frequently. However, many of the articles on the web often skim past what the means test is and why it matters. What is the means test? Simply put, the means test is what...
There’s a lot of negative associations with personal bankruptcy. Some people think that it’s symbolic of financial failure, while other are afraid of being left destitute after their divorce is finalized. These understandings of divorce are way off base. The truth of...
We understand that these are incredibly hard financial times for people. We have decided to temporarily reduce our attorney’s fees for Ch 7 bankruptcy cases to help those that are contemplating filing a Ch 7 bankruptcy. From now until October 1st 2020, when we will...
For anyone struggling with debt and to make mortgage payments, and worried about foreclosure and holding on to their family home, personal bankruptcy options are important to understand and consider. Personal bankruptcy options may be able to help consumers and...
Debtors in North Carolina who file for bankruptcy may be able to reduce or eliminate most debt balances. In many cases, filing for bankruptcy also results in a lower credit score and tarnished credit history. Ultimately, this may jeopardize your plan to get a home...
