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...
Bankruptcy
What debt collectors can’t do
Tough financial circumstances can cause some people to fall behind on certain payments. When this happens, debt collectors often start calling. While their tactics to get payments from debtors are limited under the Fair Debt Collections Practices Act, some may not...
The top 4 myths about bankruptcy
When you have debt that feels insurmountable, bankruptcy might be the best option to regain your financial freedom. Bankruptcy can offer you a path out of debt and stop creditors from contacting you. Filing for bankruptcy is a significant life choice and will affect...
Can bankruptcy discharge child support debt?
The state of North Carolina dictates how much child support a parent owes based on their income level. For those under crushing debt, bankruptcy may seem like the answers to their struggles. Unfortunately, child support is not a debt a person can have discharged under...
Understanding secured and unsecured credit
There are many residents in North Carolina who find themselves facing levels of debt that they are unable to keep up with. For many of these consumers, a personal bankruptcy offers an opportunity to be free of unmanageable debt and get a fresh financial start. When...
How Chapter 7 and Chapter 13 differ
Anyone in North Carolina who is contemplating a bankruptcy plan as the answer to their debt needs should first understand the two types of consumer bankruptcy. Each plan, the Chapter 7 bankruptcy and the Chapter 13 bankruptcy, has its own set of pros and cons for a...
What you should know about student loans and bankruptcy
If you are currently struggling under the weight of enormous debt, you are certainly not alone. In cases where debt becomes overwhelming and cannot be repaid, bankruptcy is a reasonable option to consider. Unfortunately, many people don’t realize that some debts...
