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Contrary to popular belief, you don't have to lose everything when you file for bankruptcy in North Carolina. If you file for Chapter 13, you won't have to give up your assets at all. If you file for Chapter 7, you might have to relinquish some assets, but the law...
It may be possible to retain your vehicle after filing for bankruptcy in North Carolina. In many cases, your lender will ask that you reaffirm the debt, which means that you agree to continue making payments while your case is pending. However, a lender may also allow...
A person's life could change in dramatic ways when financial and personal matters converge. Dealing with bankruptcy could be a catastrophic situation to suffer through. As troubling and stressful as bankruptcy is on its own, things may become even more complicated...
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...
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...
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...
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...
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....
Divorce and bankruptcy often go hand-and-hand for North Carolina residents. Financial problems often contribute to breakup of marriages or, at least, are in the mix when a couple’s relationship is on the rocks. On the other side of the coin, divorce creates a huge...
The current health situation has impacted people in North Carolina and across the nation. Unexpected medical expenses, job loss and the need to rely on credit cards to make essential purchases has expanded debt significantly. For many, debt relief is a growing concern...
