Leave Your Debt Problems In The Past. Find Your Fresh Start.
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...
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...
In Chapter 7 bankruptcy, also referred to as liquidation bankruptcy, one of the most important people is the trustee. A Chapter 7 trustee in North Carolina is responsible for collecting and liquidating the property of the bankruptcy estate and distributing the...
If you owe money to the IRS, they can take steps such as garnishing your wages or putting liens on your property. However, it may be possible to put a stop to IRS harassment by filing for Chapter 7 bankruptcy. As soon as a North Carolina court receives your petition,...
Individuals in North Carolina who file a bankruptcy petition are requesting a federal court to protect them from creditors. The court will oblige this request by putting a hold on collection activity and lawsuits. The petitioner will also enjoy a repayment plan that...
When people in North Carolina file for a Chapter 13 bankruptcy, all creditor actions must stop. This allows filers to reorganize their finances into a repayment plan that last for three to five years. A lump-sum payment is made each month to a trustee who then makes...
The use of asset protection strategies may prevent a home, car or other property from being seized by creditors in North Carolina. These strategies can also be used to prevent the loss of property to tax authorities or for any other reason. In many cases, asset...
People in North Carolina have several options for eliminating credit card debt before they apply for bankruptcy. One of the most popular methods is to use a debt repayment strategy. Instead of covering the minimum payment every month, individuals can pay larger...
There’s a lot of negative associations with personal bankruptcy. Some people think that it’s symbolic of financial failure, while other are afraid of being left destitute after their divorce is finalized. These understandings of divorce are way off base. The truth of...
We understand that these are incredibly hard financial times for people. We have decided to temporarily reduce our attorney’s fees for Ch 7 bankruptcy cases to help those that are contemplating filing a Ch 7 bankruptcy. From now until October 1st 2020, when we will...
