Did you know that roughly one million people file for bankruptcy every year? Bankruptcy isn’t for everyone. However, it, and other forms of debt relief, can be invaluable for people in tough financial situations. If you’re filing for bankruptcy in North Carolina, then it’s important to get the legal help you need if you want […]
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Gone Bankrupt? 13 Things to Ask Your Charlotte Bankruptcy Attorney
More than 750,000 individuals filed for bankruptcy last year and even more would qualify for the process. It’s a common situation that many people find themselves in but that doesn’t make it any less confusing. If you’re one of those 750,000 you likely already know the answers to questions like “what is bankruptcy”, “what happens […]
Getting Both Social Security and VA Veterans Disability Benefits
Injured military veterans often qualify for both veterans disability and social security benefits. However, the process behind both benefits are different, and what injury qualifies for one benefit may not necessarily qualify for the other. Below are some frequently asked questions by vets considering Social Security disability benefits. What’s the Difference Between Veterans Disability and Social Security Benefits? The […]
Converting Chapter 13 to Chapter 7 Bankruptcy
While Chapter 13 bankruptcy can help you solve a lot of your problems, keeping up with the plan isn’t always easy. This is especially true if you’ve suffered a job loss, serious injury or illness, or any other income-lowering issue. If you can no longer afford keeping up with your Chapter 13 plan, you may […]
Should I File for Bankruptcy Before or After a Divorce?
What are the top three reasons Americans list for filing for bankruptcy? I bet you can guess the first two. The top reason is unforeseen medical debt, while the second most common reason is the loss of a job. But the third reason—divorce—is somewhat counterintuitive. But bankruptcy after divorce is quite common and, in fact, […]
What to Do If You’re Being Sued by a Debt Collector
If you’re being sued by debt collector, then you’re in no small amount of trouble. All the creditor needs to prove is that you owe the debt they say you owe and they will get a judgment in their favor. Ninety-nine times out of a hundred, gaining a judgment is a simple process and the […]
What is Emergency Bankruptcy Filing?
An emergency bankruptcy filing is just what it sounds like. You need to file for bankruptcy and you need to do it in a hurry before some catastrophic event takes place. This could include an eviction, a foreclosure, the repossession of a vehicle, or you’re now facing threats of a lawsuit. Once you file the […]
What are Chapter 13 Debt Limits?
In Chapter 7 bankruptcy, there is a limit to how much money you can earn. Chapter 13 bankruptcy, which is only available to individuals and married couples, places a cap on how much you owe. This amount is adjusted every few years. The most recent adjustment was April of 2019. Below, we’ll discuss debt limits, […]
Can Bankruptcy Stop Foreclosure?
Can bankruptcy stop foreclosure? Yes, it can. If you’re behind on your expenses, are rapidly incurring major debts, and are behind in your mortgage payments, you’re probably going over your options for credit relief. Many folks are afraid that they are going to lose their home if they file for bankruptcy. Some of those folks […]
When to File Bankruptcy Chapter 7
So many folks, even those who realize bankruptcy is an option, wait to pull the trigger on filing. They then find themselves in the difficult position of having liens on their property, wage garnishments, or waking up one day to find their bank account frozen. These are folks that didn’t know when to file bankruptcy […]