Practical guidance on Chapter 7, Chapter 13, foreclosure defense, and debt relief for North Carolina families.
Do you remember your wedding day? Think back to your vows you made to one another, especially “through sickness and in health.” When you promise to spend your lives together, you are also promising to provide and support the other person, making sure all their needs are met and expenses paid. These needs are recognized … Read more
A writ of execution will be delivered by the sheriff. Basically, it is a court order from the judge allowing the sheriff to take possession of any assets you may have on hand. Why is this happening to you? A writ of execution is filed after a judgment has been issued against you in favor … Read more
If you have a credit card or a loan with a zero balance, it is a personal decision whether you include them on your bankruptcy. If there no balance, it may not be necessary to include them on your bankruptcy filing; however, it may be in your best interest to include them should there be … Read more
Filing bankruptcy is not as simple as it once was. You have to meet certain qualifications to determine which bankruptcy you may file. This is normally done by what is referred to as the Means Test. The Means Test will determine how your household income compares to the State median income and whether or not … Read more
You will still be responsible for the loan or debt on your vehicle even if you voluntarily turn it in. If you have a vehicle that you cannot make payments on, you have the choice of voluntarily surrendering the car or you can let the creditor repossess it. What many people do not know is voluntarily surrendering the vehicle is still considered a reposession on your credit report, a voluntary reposession.
It all depends. If you are filing a bankruptcy in which you wish to keep the home, you are required to continue to pay your homeowner’s association (HOA) dues. If you are surrendering or giving up the home in the bankruptcy, you are responsible for the HOA dues as long as the home is still … Read more
The Fair Debt Collection Practices Act is an act that was passed to keep consumers from being abused by creditors. Already feeling abused and harassed by the constant calls or the condescending tones or the threatening letters? There is something you may be able to do about it. Whenever my mother was frustrated by someone … Read more
If someone co-signed a loan with you, you are probably worried about more than your own debt. You are worried about them. Maybe your dad signed for your car. Maybe your spouse is on the same credit card. Now you are thinking about bankruptcy, and you want to know one thing: will your bankruptcy protect … Read more
Losing a car in bankruptcy is stressful enough. Then a property tax bill shows up in the mail, and you wonder why you owe taxes on a vehicle you no longer have. It feels unfair. You may even worry the county made a mistake. This article explains why that bill comes, who is responsible for … Read more
Are you in prison, or do you have a loved one who is? Maybe debt collectors are still calling. Maybe a lawsuit is moving forward. Maybe wages or a bank account are being garnished. You may be wondering if you can even file for bankruptcy while behind bars. The good news is that yes, you … Read more
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