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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...
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...
Unfortunately, many see bankruptcy as a dirty word. In reality, anyone can fall on hard times. Bankruptcy offers us a financial reset button. It can restructure or discharge most, if not all, debts. However, it is important to understand the process. The most common...
North Carolina residents often face various levels of credit card debt. There are ways that debtors can try to improve their financial situation. In attempting these methods, it is important to understand how bankruptcy compares as a solution. Clearing credit card...
If you’re struggling with overwhelming debt, you’re not alone. Every year, millions of Americans struggle to find a way to make ends meet. This can threaten nearly every aspect of their lives, and make everyday a painful struggle that in nearly unbearable....
For people in North Carolina who have already gone through the Chapter 7 bankruptcy process, the goal was to get on stronger financial ground by clearing unsecured debt through liquidation. This can apply to credit card debt, medical expenses and more. However, given...
What if it's time to consider bankruptcy? Put aside the initial fear or shame that comes with considering this option because that's not what it's about. It's about creating a fresh start that resolves any disputes or debts from before it. That doesn't mean it will be...
Individuals who file for bankruptcy are likely to have a difficult time getting unsecured credit cards or loans. However, one study found that filing for bankruptcy is unlikely to have an impact on whether a person is able to find a job. Furthermore, filing for...
One reason why people in North Carolina may file for personal bankruptcy is to put an end to creditor calls and collection attempts, including lawsuits and repossessions. People struggling with insurmountable debt may face intensive attempts to collect, and filing for...
Many North Carolina consumers are struggling with their financial obligations, and there are several reasons why this might be so. People can be burdened with extensive credit card debt or medical bills, and the situation can be exacerbated by an unexpected job loss....
