Have you ever had a creditor or debt collector call you at work?  After the shock of the call wears off, you wonder “can they do that, is that legal?”  The answer of whether it is legal in North Carolina depends on your specific situation. North Carolina General Statutes, Article 2, Section 75-52 outlines what [...]

If you are filing bankruptcy then a portion of your bankruptcy petition called the Statement of Financial Affairs asks if you have made any transfers. Section 10 of the Statement of Financial Affairs requires you to, “list all other property, other than property transferred in the ordinary course of the business or financial affairs of [...]

We get this question often!  The answer for the most part is quite simple.  If you have been sued, unless you have changed your address and have not updated it through the post office, you likely have received notices that were being sued.  To understand the process of a lawsuit better, check out the blog [...]

With limited exceptions, most Americans are required to file tax returns with the Internal Revenue Service, and if you work or live in North Carolina, the North Carolina Department of Revenue.  If you do not file and pay your taxes on time each year, you will incur penalties and interest on the amount of money [...]

If you have filed or will be filing a workers’ compensation or personal injury claim, be sure to tell your bankruptcy attorney so your potential settlement can be listed and protected in the bankruptcy.  If it is not listed and protected in your bankruptcy, you could lose the money received in the settlement. If you [...]

Many debtors get nervous when all these legal terms start to get thrown around. We are going to explain what each of these are so that you will have a better idea of what you may be dealing with. We will focus on the civil side of things and how they relate to bankruptcy filings. [...]

Before 2005 it used to be fairly easy and cheap to file bankruptcy. When the bankruptcy laws changed in 2005 the process for filing for bankruptcy became more complicated. Due to the complications of cases fees across the country for filing bankruptcy also went up. One of the main things that changed is the requirement [...]

If you are behind on your house payments and have decided you no longer wish to keep the house, you may be looking at your options including a short-sale, deed in lieu of foreclosure and bankruptcy.  For this blog, we will specifically look at the short-sale.  A short-sale occurs when real property (house, land, etc.) [...]

For homeowners that have fallen behind or “defaulted” on their mortgage loan and have decided they do not want to keep the home, a deed in lieu of foreclosure may be an option for them.  In the simplest of terms, the deed in lieu allows the homeowners to voluntarily transfer the property from the homeowners [...]

When the sheriff shows up at your door and hands you a stack of papers with a bright yellow sheet on top, what are they actually giving you? Most likely they are giving you what is called a complaint. A complaint is the first step in initiating a lawsuit. This means that someone has filed [...]