Bankruptcy Insights & Resources
Practical guidance on Chapter 7, Chapter 13, foreclosure defense, and debt relief for North Carolina families.
What Happens If We Get A Divorce While in A Chapter 13 Bankruptcy?
When you enter into the union of marriage, you are not normally thinking that it will not last. Like most, you begin a life together and when creating a life together you may accrue a lot debt. Unfortunately, relationships change and often times the only solution is divorce. Just as the divorce affects your jointly … Read more
Am I Required to List Stock On A Bankruptcy?
The Short Answer Yes. When you file bankruptcy, you must list every asset you own. That includes stock, mutual funds, and other investments, even if you hold them in an app or an online account. But listing stock does not always mean losing it. North Carolina exemption laws may protect some or all of your … Read more
What is a Motion to Avoid a Judicial Lien in Bankruptcy?
You may be considering filing bankruptcy because one of your creditors has obtained a judgment against you. Most people are uncertain of the consequences that a judgment can have. Usually, if you do not own any real property (house or land) or if you do not have any equity in your property, it can be … Read more
What Are the Most Common Reasons A Bankruptcy Case is Dismissed?
If you have filed for bankruptcy, or you are thinking about it, you may have one big worry: What if my case gets thrown out? That fear is normal. You are trusting the court to give you a fresh start. The last thing you want is for your case to end without that fresh start. … Read more
Can I Collect Workers’ Compensation Benefits If My Employer Files For Bankruptcy?
Most employers’ employees are covered by workers’ compensation insurance. This workers’ compensation insurance is provided by a third party insurance company, not the employer themselves. Insurance companies are required by the state to keep a reserve of money on hand to cover the cost to pay out benefits to the injured worker. Therefore, if your … Read more
Do I Pay Taxes on Debts I Settle with My Credit Cards?
If you are thinking about settling your credit card debt for less than you owe, you may have heard you can save a lot of money. That is often true. But there is a part of debt settlement that catches many people by surprise. The forgiven debt can count as income on your taxes. That … Read more
Can Children Attend the Creditors Meeting?
The creditors’ meeting is a serious affair and can take several hours. Most children (adults too) will find it boring and may not be able to sit still that long. While you may bring your child with you, if he or she can’t remain quiet and sit still for an extended period of time it … Read more
Is Child Support or Alimony Included As Income in Bankruptcy?
Before you file bankruptcy your attorney will ask you for verification of your last six months of income as a factor to determine Means Test qualification. The Means Test is a household income limit you must fall below according to the number of household occupants in order to qualify for a Chapter 7 bankruptcy. Child … Read more
Ready to talk about your options?
We answer calls 24 hours a day. A free phone consultation takes 20–30 minutes and leaves you with a clear picture of your options — no obligation whatsoever.