Leave Your Debt Problems In The Past. Find Your Fresh Start.
Chapter 7 bankruptcy doesn't work for everyone. Those with income above the state median may not qualify. Even people with no income may find it is not the right kind of bankruptcy for them if they have a lot of personal property. You do have the option of protecting...
When someone says they’re going to declare bankruptcy, you may assume that they made poor financial decisions. Maybe they spent too much money, lived beyond their means or they took on bad debt that had too many risks. But is this actually true? When you look at the...
For individuals, the most commonly used kind of bankruptcy is Chapter 7 bankruptcy. If you’re interested in filing for bankruptcy, you may be wondering if you can qualify. Perhaps you’re just out of college, or maybe you are about to go into retirement. Regardless of...
Filing for Chapter 7 bankruptcy in North Carolina may allow you to eliminate most of your unsecured debts. However, it is unlikely that you will be able to discharge federal student loan balances. Of course, it's important to consider that getting rid of credit card,...
If you are having trouble staying current on unsecured debts, it may be possible to eliminate them through Chapter 7 bankruptcy. However, there is a chance that a North Carolina judge may require you to file for Chapter 13 protection. There are several reasons why...
If you're thinking about filing for bankruptcy in North Carolina, you might want to start talking to an attorney. Many people don't realize that their creditors can go to court and request an involuntary bankruptcy. Filing for voluntary bankruptcy allows you to retain...
Many North Carolina residents find themselves in unmanageable financial situations because they used credit cards to make ends meet during periods of economic hardship. Credit cards provide consumers with a convenient way to finance purchases, but they can be...
When you file for Chapter 7 bankruptcy in North Carolina, you might have to sell some of your assets to pay off your debts. Typically, certain assets like homes and vehicles are considered exempt, meaning that you can keep these assets while you go through the...
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...
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...
