Practical guidance on Chapter 7, Chapter 13, foreclosure defense, and debt relief for North Carolina families.
Often, when a person files bankruptcy, they are in one of four situations regarding a vehicle: They are behind on their payments and must surrender the car (this usually happens in a Chapter 7 bankruptcy). They drive an older vehicle that is paid off. They are borrowing a friend or family member’s vehicle. They are … Read more
When you file for bankruptcy, you have to count how many people depend on you for money. This sounds simple. But it can get confusing fast. Who counts as a dependent? Your kids? Your elderly mother who lives with you? A grandchild you help raise? This matters more than most people realize. The number of … Read more
A few years ago when your home had equity, you obtained a Home Equity Line of Credit or HELOC to consolidate your debt and payoff credit cards, medical bills, personal loans, etc. It seemed like a great idea because you could eliminate all of your revolving debt and make only two payments each month…your first … Read more
Are your debts keeping you up at night? You are not alone. When people decide to finally do something about their debt, they often look at two main choices: debt consolidation or bankruptcy. Both can help. But they work in very different ways. And one may be a much better fit for you than the … Read more
Did you forget to list a debt? Maybe your income changed. Or maybe you decided you cannot keep that car after all. These things happen all the time after someone files bankruptcy. The good news is simple. You usually do not have to start over. In most cases, you can fix or update your bankruptcy … Read more
In your bankruptcy, you can choose to “give up” or surrender your secured property such as a house or a car to eliminate the debt. It would be lovely in the world of bankruptcy if you could just eliminate the debt and keep the property, but if that were the case, everyone would file bankruptcy! … Read more
It is possible to obtain a loan modification even if you have filed bankruptcy. At this time, most mortgage companies would rather work out a loan modification agreement, if viable, than to foreclose on your home. The last thing most mortgage companies want is another vacant house! Steps to Follow: Step #1: You should contact … Read more
Are debt collectors calling you all day? Sending letters? Calling your job or your family? When the phone keeps ringing, it can feel like you have no control over your own life. You do have options. One of them is a cease and desist letter. This is a written letter that tells a debt collector … Read more
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.
