Damon Duncan, Author at Duncan Law

Bankruptcy

Does My Business Need to File Bankruptcy?

April 8, 2025

Several times a week, business owners contact us seeking bankruptcy guidance. While some genuinely need it, many don’t actually require filing. The decision hinges on understanding whether the business, the owner personally, or both need protection. Should the Business File — or Just the Owner? If you’re shutting down and didn’t personally guarantee any business … Read more

Bankruptcy

What Impact Does Cosigning for Someone Else Have on My Credit Report?

February 26, 2025

A friend or family member asks you to cosign a loan. Maybe it's a car loan for your child. Maybe it's a personal loan for a sibling. You want to help. But you also have a nagging worry in the back of your mind: What does this mean for me? That worry is fair. Cosigning … Read more

Bankruptcy

How to Appeal the Tax Value on My House

April 12, 2024

Property taxes in North Carolina are based on the assessed value your county assigns to your home. If you believe that value is too high — either because it does not reflect current market conditions or because of errors in the assessment — you have the right to appeal. For homeowners considering bankruptcy, an accurate … Read more

Bankruptcy

Will I Lose Property in a Trust if I File for Bankruptcy?

March 19, 2024

If you have set up a trust, or you are a beneficiary of one, the idea of filing for bankruptcy can feel scary. You may be worried that the court will take everything you worked to protect. You may not even be sure how a trust fits into the bankruptcy process. Take a deep breath. … Read more

Bankruptcy

Tenancy by the Entireties Exemption in North Carolina Bankruptcy

March 11, 2024

After You File

Can a Doctor Refuse to See Me if I File Bankruptcy?

March 5, 2024

Chapter 7 Bankruptcy

Should I sign a reaffirmation agreement or lease assumption on my vehicle?

February 20, 2024

Chapter 13 Bankruptcy

What Will My Chapter 13 Bankruptcy Payment Be?

February 6, 2024

If you are thinking about filing Chapter 13 bankruptcy, one question is probably keeping you up at night: "How much will my payment be?" That makes sense. Before you commit to a plan that lasts three to five years, you want to know what it will cost each month. The honest answer is that there … Read more

Financial Tips

Should I File for Bankruptcy Before or After My Divorce?

January 30, 2024

The Short Answer There is no single right answer. For some couples, filing bankruptcy together before the divorce makes sense. They can wipe out shared debts and split what is left more easily. For others, filing after the divorce is better, especially when only one spouse needs it or their finances are very different. The … Read more

Bankruptcy Basics

What is the Homestead Exemption in Bankruptcy?

January 29, 2024

Articles by Damon Duncan

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