Filing for bankruptcy can feel like a heavy burden, especially regarding your job. Many employees worry about losing their current position or finding new work. But bankruptcy does not have to spell doom for your career. In North Carolina, laws protect your employee...
Bankruptcy
How does the rise in medical debt influence bankruptcy filings?
Medical debt has become a major financial burden for many people in the United States. With rising healthcare costs and limited insurance coverage, more individuals are struggling to pay their medical bills. This situation has led to an increase in personal bankruptcy...
How can bankruptcy affect your professional licenses?
Filing for bankruptcy can help with financial problems, but it may also affect your career. Professionals like doctors, lawyers, or contractors who need licenses may face certain challenges. It is important to know how bankruptcy could impact your ability to keep or...
Chapter 7 & Chapter 13 bankruptcy effects on credit scores
Filing for bankruptcy can be a difficult decision to reach, and its impact on your credit score is important to consider beforehand. Both Chapter 7 and Chapter 14 bankruptcies can affect your credit over time in unique ways. As such, you'll want to be aware of the...
How can credit counseling help you during your bankruptcy?
Before filing for either Chapter 7 or Chapter 13 bankruptcy, you must complete a mandatory credit counseling session. Even though it is a requirement, many people going through bankruptcy neglect to fully capitalize on the benefits of credit counseling. The...
Will a history of bankruptcy affect your child custody rights?
When dealing with child custody matters, many factors can influence a judge's decision. One concern that may arise is whether a history of bankruptcy could negatively impact one's child custody rights. Although financial stability plays a role in child custody cases,...
How credit card debt can lead to bankruptcy
Credit card debt can quickly spiral out of control. When the amount becomes unmanageable, it can lead many residents to consider bankruptcy. Understanding how this type of debt can build to these levels can help you better handle the situation. High interest rates...
Will filing for bankruptcy affect my cosigner?
You are struggling financially and considering filing for bankruptcy. But what about your cosigner, the friend or family member who stepped in to help you secure a loan? In North Carolina, as in other states, cosigners are not protected by the primary borrower's...
How bankruptcy might complicate the divorce process
When couples face both bankruptcy and divorce, their financial and emotional stress can intensify. Bankruptcy can complicate the divorce process in several ways. It can impact property division, debt distribution and even the overall timeline of the divorce....
What should I do if a collector contacts me in bankruptcy?
Dealing with relentless calls from debt collectors can be overwhelming, which is why bankruptcy offers the option to stop collection efforts so you can relieve yourself of the pressure and begin to regain your financial footing. However, there is the chance some of...
