Duncan Law Blog

Bankruptcy Insights & Resources

Practical guidance on Chapter 7, Chapter 13, foreclosure defense, and debt relief for North Carolina families.

Bankruptcy Basics

Can Bankruptcy Stop A Foreclosure?

If you have gotten a foreclosure notice in the mail, you may feel sick to your stomach. You might be losing sleep. You may be wondering if there is any way to stop the bank from taking your home. Take a breath. You have options, and many people in North Carolina are in the same … Read more

Read more
Financial Tips

Do I Have To Pay Taxes On Workers’ Compensation Settlements?

The task of fighting for, being approved and actually receiving your workers’ compensation settlement is daunting enough, but what are you to do when you file taxes? Do you pay taxes on the settlements? Should you be setting money aside to cover that?

Circling a Date on CalendarThe answer to your question is no. Workers’ compensation settlements are fully tax-exempt if paid under the Workers’ Compensation Act; according to Publication 907, “Workers’ Compensation for an occupational sickness or injury if paid under a Workers’ Compensation act or similar law” is exempt.

Read more
No Cost. No Commitment. No Judgment.

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.