For many people considering bankruptcy, one of the biggest fears about the process is that you will have to give up your assets and possessions in order to complete the process. However, with Chapter 7 Bankruptcy, you may not have to give up any of your property,...
Bankruptcy is a significant financial event that can dramatically affect your credit. However, it does not mean an end to your financial life. Filing for bankruptcy is a step toward resolving overwhelming debt, and while it may lower your credit score initially, you...
If your child's other parent does not pay child support in accordance with the court order, or if you have fallen behind on your child support obligations, it is important to take a close look at your options and understand how this could affect you. The state uses a...
According to the 2021 Finmaster report, 6577 people filed for bankruptcy in North Carolina. If you find yourself sinking deeper into debt and are unable to keep up with payments, you might be considering bankruptcy as a way to manage your financial situation. Filing...
Divorce can be a challenging and emotionally charged process. It is common for conflicts to arise during this time, potentially leading to a contentious and adversarial environment. However, taking proactive steps to prevent your divorce from becoming too contentious...
Financial struggles are part of life. Filing for bankruptcy makes sense when they become too much to handle. This path allows people to settle past mistakes and start over. There are right and wrong ways of approaching the bankruptcy process. Knowing what to avoid is...
If you find yourself overwhelmed by debt due to a divorce, job loss, a serious illness or another unfortunate life situation, you may want to file bankruptcy to find some relief. There are two main types of consumer bankruptcy that you can file: Chapter 13 and Chapter...
If you have already fallen behind on child support, you plan on getting a divorce and worry about the penalties for missing payments or you have concerns about your ability to keep paying on time, it is vital to go over the consequences you could face for becoming...
Once your debt surpasses a certain point, you may start wondering if filing for bankruptcy might give you the fresh start you need to get your financial affairs back in order. Many North Carolina residents struggling with increasingly overwhelming debt decide to file...
Bankruptcy is a legal process that requires you to follow certain rules. Part of those rules is providing the information requested by the court. You do not have a choice in what you tell the court if you wish to have your case move forward. Omitting information can...
