As a consumer thinking about filing for bankruptcy, your two options are basically Chapter 13 and Chapter 7. You may only meet the eligibility requirements for one or the other, but some people qualify for both. Both Chapter 13 and Chapter 7 discharge your debt and...
Month: May 2020
Why is there a “presumption of abuse” in Chapter 7 bankruptcy?
One of the most intimidating terms in personal or business finance is bankruptcy. The word alone carries a stigma Chapter 7 bankruptcy includes a presumption of abuse. There is often a misunderstanding of what that means. It means the filer is not able to meet...
Can I file Chapter 11?
By far, the most common bankruptcy that an individual will file is either Chapter 7 or Chapter 13. A Chapter 7 bankruptcy is very affordable and comparatively quick, while a Chapter 13 bankruptcy will allow a debtor to hold on to their assets in return for adhering to...
Breaking down the Chapter 7 test
If continuous struggles with debt have you contemplating filing for personal bankruptcy, then a decision almost as important as filing itself is what chapter you choose to file under. For many Americans, Chapter 7 is the most popular form of bankruptcy due to the...
Why should I change my estate plan after divorce?
With so much involved in dissolving a marriage, many people let other important issues fall by the wayside. Take estate planning, for instance. There are many reasons to revisit your estate plan after divorce and failure to do so could end up causing massive strife...
Dealing with a proposed relocation
Those going through divorce proceedings in Gastonia may certainly feel a sense of finality at their conclusion, the fact is that life goes on following the dissolution of a marriage. Part of that may include one of the parties involved eventually choosing to relocate....
What can I expect when filing for chapter 13?
Chapter 13 is a type of bankruptcy that allows you to pay off debt without sacrificing your property. It is more of a financial reorganization plan when compared to chapter 7, which involves the liquidation of assets. It is important that you understand what the court...
What rights do grandparents have to see their grandchildren?
As a grandparent, you may worry about how you will get to see your grandchildren in the event of a divorce between their parents. Learning more about what steps you can take to see your grandkids can help you protect your legal rights. Statues Although some states...
