This is an excellent question. For the most part, our bankruptcy clients who have businesses fall into two categories. The first category consists of those who feel as though they and their business are “one” entity. The second category consists of those who feel as though their business is a completely separate entity. Often, when […]
Do I Have To List My Business Assets on My Personal Bankruptcy?
You will notice when you are filling out your paperwork that the court asks you for what seems to be a billion pieces of documentation ranging from copies of bills, papers from purchases, income advices and federal and state taxes. These documents are asked for to verify information you are providing is true and accurate. […]
When you file bankruptcy, your bankruptcy attorney will request to have a copy of the last 4 years of tax returns. Why? It is among the documents required by the federal bankruptcy courts. Your tax returns reveal a good bit of information about transactions and assets that would be pertinent to the preparation of a […]
If a creditor were to sue you for a debt owed, eventually they may try to obtain a judgment against you. There are two main ways we see clients usually end up getting judgments against them. The first way is by a default judgment. This basically means you never answered the complaint and, therefore, the […]
There are many times when you may need a copy of your North Carolina state income tax returns. If you are in legal proceedings such as a divorce or bankruptcy, the court may require a copy or copies of your tax returns. If you are applying for a mortgage loan, the underwriter will require copies […]
Emotional distress caused by being robbed on the job is covered under the Workers Compensation Act in North Carolina. Under North Carolina law, mental as well as physical injuries sustained on the job are a compensable injury. The “injured worked” must provided evidence, usually medical evidence, he or she is unable to work due to […]
Property that is surrendered or was not protected under the bankruptcy code exemptions is fair game for the bankruptcy Trustee. Once a debtor has filed bankruptcy, his estate becomes that of the bankruptcy court and the bankruptcy Trustee. At that time, the Trustee determines if there is any value or potential value in any of […]