Gastonia Bankruptcy And Family Law Blog
What happens to home equity when you divorce?
When you own a North Carolina home with your spouse and your marriage comes to an end, you must figure out how to split any equity you may have amassed in the property during the marriage. The first step in the process involves getting an idea of your home’s value,...
How can I use bankruptcy exemptions to keep my property?
Perhaps you are filing a petition for Chapter 7 bankruptcy. Of primary concern is whether the courts will take everything or allow you to keep some possessions like your cars or home. Fortunately, Chapter 7 bankruptcy includes laws that allow petitioners to keep some...
Are you suffering from debt collector harassment?
North Carolina residents like you deserve kindness and understanding when struggling with debt. After all, we all make mistakes and falling into debt is a scary enough experience without harassment. Unfortunately, some debt collectors can and do still harass...
Cashing out your portion of a 401(k)
Divorce can bring with it a certain amount of financial uncertainty (especially if you were not the primary income earner in your marital home in North Carolina). There are measures in place to help you cope with that (e.g., spousal support and maintenance), yet such...
Bankruptcy and unemployment
If you recently lost your job or you have not worked for many months, you are likely facing many different emotional and financial hurdles. Unfortunately, many people who are out of work take on high levels of debt, which become even more unmanageable due to late...
What are the requirements to file chapter 11 bankruptcy?
Chapter 11 is sometimes referred to as "reorganization bankruptcy." If you own a corporation or sole proprietorship in North Carolina, this may be an option you are looking at to resolve your debts. The United States Courts state that while there are some exceptions...
What you should know about North Carolina property division
The divorce process can be complicated. Especially when it comes to separating property you have amassed during the marriage. In addition to becoming attached to certain items, it may be overwhelming when it comes time to divide property and assets in half. Whether...
Approaching divorce after an extramarital affair
Whether you were unfaithful to your spouse or they had an affair, there are a number of issues to consider with respect to infidelity and divorce. Affairs often cause marriages to crumble and they can lead to especially contentious disputes in court. Sometimes,...
Medical expenses remain a major source of American debt
The high cost of health insurance coverage and medical care in the U.S. continues to cause financial difficulties for Americans across age groups. According to a recent study published by the Journal of General Internal Medicine, in 2019 alone around 137.1 million...
Are you suffering from debt collector harassment?
North Carolina residents like you already have enough on your plate when dealing with debts. The financial burden creates mental, physical and emotional stress for you that lasts until you get back out of the hole. You do not need debt collectors harassing you on top...
