Articles by Damon Duncan
How Do I Request Medical Records?
To review a possible medical malpractice case or nursing home injury or neglect case at Duncan Law we must have the injured person’s medical records reviewed by an expert witness. These are usually an expert nurse and/or a physician. For a medical expert to give a thorough review of your case it is important they … Read more
Bankruptcy v. Deed In Lieu of Foreclosure
Clients have frequently asked us what is the difference between a deed in lieu of foreclosure and a bankruptcy? First, a deed in lieu of foreclosure (DLF) is when the homeowner signs over and transfers the deed to the home to the mortgage company without the legal process of a foreclosure. Most people believe this … Read more
How Long Does a Judgment or Lien Last?
If a creditor has sued you and won in court, that court judgment can follow you for a long time — especially if the creditor takes steps to attach it to your property. Understanding how long judgments and liens last in North Carolina, and what options you have to deal with them, is important whether … Read more
What To Look For In A Credit Card After Bankruptcy
Yes, credit cards are the evil culprit for many folks who have had to file bankruptcy, but credit cards are not entirely terrible. Having a credit card helps in many ways to help build your credit, you just need to get the right one that is tailored for you and your needs. For someone who … Read more
The Basics of Understanding Financial Statements for Your Business
There are two financial statements that you must provide for your business when you file personal bankruptcy: the income statement or profit and loss and the balance sheet. We will look at the financial statements for a small plumbing business, ABC Plumbing. We encourage you to click on the blue links to open examples of a profit & loss statement and balance sheet. This is a simplified approach to the financial statements, so you should seek advice from your accountant should you have questions when preparing the financial statements for your business. We will also only be looking at Operating Income and will not consider interest income, interest expense or other non-operating items that most businesses incur.
What Financial Statements are Required for a Business if I’m Filing Bankruptcy?
If you are self-employed or own your own business, you should prepare monthly financial statements to understand how your business is performing. Realistically, financial statements are often the last thing a small business owner worries about. He or she is usually more concerned about how to make the next sale or generate the next contract. … Read more
Can I Open A New Bank Account After Filing Bankruptcy?
http://www.youtube.com/watch?v=zCUagYJnLOw Yes. There is no law that prohibits a debtor from opening a bank account after filing bankruptcy. However, if you owed money to a bank (i.e. for a credit card, loan, overdraft fees, etc.) and they were included in your bankruptcy, chances are you might have a difficult time opening an account with … Read more
How To Get Financing For A House After Bankruptcy?
http://www.youtube.com/watch?v=dQ6Uwjk2cAs Many people assume that because they have had poor credit and needed to file bankruptcy to get their fresh financial start that their ruined credit will prevent them from financing and purchasing a home. That is not necessarily the case but certain factors will affect the ease and timing of a new home … Read more
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