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.
As a result of the COVID Pandemic many mortgage companies quickly stepped in to offer mortgage forbearance plans to customers. In some cases, even if a customer did not ask or request for a forbearance the mortgage company would enter into a forbearance plan...
Bankruptcy helps the debtor in North Carolina who foresees no way of paying it. Chapter 7 bankruptcy requires the debtor to sell some assets to pay a portion of the debts. At the end of the case, this person gets a discharge, which relieves him or her of remaining...
Many individuals in North Carolina and across the country fear the thought of filing for bankruptcy because of how it may impact their lives. Some may wonder how a bankruptcy filing will affect the ability to have credit cards and whether or not they'll be able to use...
Bankruptcy in offers debtors in North Carolina and other states a legal means to remove certain debts when they see no way of paying them. The most common kind of bankruptcy is Chapter 7, which requires the debtor to sell nonexempt assets. However, getting rid of debt...
Debtors in North Carolina who see no way out of debt have the option of bankruptcy to remove certain debts. Chapter 7 helps debtors discharge certain unsecured debts such as medical bills and credit card debt. Student loans are a common debt, but they get treated...
When a debtor in Durham, NC, can no longer pay debts, bankruptcy gives them an option to legally erase debts. The two common types of bankruptcy include Chapter 7 and Chapter 13. Chapter 7 liquidates non-exempt assets to pay creditors while Chapter 13 restructures...
While you may be able to obtain debt forgiveness from a credit card company or a North Carolina debt collection agency, doing so may not necessarily be the best course of action. Let's take a look at some of the pitfalls of debt forgiveness as well as some of the...
If more than half of your income goes to paying down debt, it may be a good idea to file for bankruptcy. The same might be true if you don't think that you'll be debt-free in five years despite cutting back on expenses. Take a look at some of the benefits of filing...
If you are looking to retain property while restructuring existing debt, it may be in your best interest to file for Chapter 13 bankruptcy. Although businesses cannot file for a reorganization bankruptcy, business owners in North Carolina and elsewhere may be able to...
The process of going through bankruptcy can take a great amount of long-term emotional and mental stress on someone. In addition to that level of stress, it can also raise a number of financial questions which only add to the amount of internal turmoil. North Carolina...
