Chapter 13 bankruptcy restructures your debt in a manageable way that helps you pay off what you owe over an agreed upon time—spanning years, generally. This is an excellent tool to get yourself out of a grim financial situation because it can cut down on your stress...
Month: April 2020
Parallel parenting when co-parenting will not work
Even when you dissolve your North Carolina marriage, if you have children, you still interact with your ex. Experts recommend co-parenting for ongoing interaction with both parents. However, this may not be feasible in all situations. This is where parallel parenting...
How do I file for unemployment?
Have you lost your job or had your hours cut because of the coronavirus and are now wondering how you’ll pay rent or buy groceries? You may be feeling increased stress and anxiety while you self-quarantine and might not know what steps to take next. If so, filing for...
The most common reasons to file bankruptcy before divorce
Dissolving a North Carolina marriage and filing bankruptcy is not easy. These complicated legal matters can pose additional challenges to each spouse. There are many reasons to file for bankruptcy before filing for divorce. Streamline divorce process Experian...
How does bankruptcy impact child support payments?
Child support payments due to custodial parents in 2013 totaled nearly $33 billion. With nearly 70% of those payments reaching their intended recipients, this large sum of money accounts for a significant portion of childcare costs in America. Close to 50% of American...
Rotate the children frequently in a 50/50 split
If you are like most parents in North Carolina, you might think that alternating weeks between parents' homes is the best way to carry out an even split of parental time. Of course, it is the easiest solution. However, there is growing evidence that it may not be the...
Will I lose my house if I file for bankruptcy?
When you’re in over your head in debt and can’t keep up with your payments, declaring bankruptcy is a common last resort that can provide much-needed relief. Bankruptcy allows you the opportunity for a fresh start financially, either by paying off a smaller portion of...
