Bankruptcy

Bankruptcy means the opportunity for a fresh start for people in North Carolina who feel the pressure of drowning debts. One of the primary concerns people face as they prepare to file for bankruptcy is the uncertainty of what will happen to their remaining assets....

As someone considering bankruptcy, you have several options available to you. Chapter 13 allows you to create a debt repayment plan instead of liquidating assets. If you can manage a repayment plan, this may be an attractive option for you. But before you go with it,...

When facing significant financial instability, bankruptcy might be the best option for you. Filing can help you get a handle on your debt and stop it from spiraling even further out of control. It can also prevent frustrating creditor harassment, which increases...

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...

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...

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...

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...

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...

Sometimes, a North Carolina couple's finances can get confusing when looking at which spouse owns which piece of property. Things can get even trickier when it comes to bankruptcy. Spouses are often confronted with the issue of whether one spouse can file on their own...