Leave Your Debt Problems In The Past. Find Your Fresh Start.
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...
Chapter 13 bankruptcy involves setting up a repayment plan, with the approval of a bankruptcy court judge, to pay off your debts step by step over a period of years. This has the advantage of protecting your home, car and other assets from creditors. At the same time,...
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...
The decision to file bankruptcy is not one to be taken lightly. Individuals often face enormous financial pressure and struggle with mounting debt for years before realizing that bankruptcy is the right option. From job loss and home repair to divorce and medical...
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...
If you are struggling to pay your medical bills, it may be possible to have them eliminated by filing for bankruptcy. In addition to obtaining debt relief in a timely manner, you will likely be entitled to an automatic stay of creditor collection activities by doing...
Bankruptcy is a legal procedure that absolves the debtor in Durham, NC, of certain unsecured debts. Debtors often wonder about the fate of their home in bankruptcy, which depends on the type of bankruptcy. It is possible for debtors to keep their home if they meet...
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...
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...
