Duncan Law Blog

Bankruptcy Insights & Resources

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

Financial Tips

Budgeting After Bankruptcy: Step #3 – Create A Balanced Budget

Step #3: Create a Balanced Budget So far we have discussed the importance of getting accurate information for determining your income by reviewing at least the last several months of paystubs and we have discussed the incredibly important task of getting a “financially honest” expense report. The next step in putting together a successful budget after filing … Read more

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Bankruptcy Basics

Can Wages Be Garnished in North Carolina?

North Carolina is one of only four states in the country that provides strong protection against wage garnishment for consumer debts. If you have a credit card debt, a medical bill, or a personal loan, a creditor who wins a lawsuit against you in NC generally cannot touch your paycheck. This is one of the … Read more

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Chapter 13 Bankruptcy

What is a Cramdown in Bankruptcy?

A cramdown in bankruptcy is when the debtor only pays the value of the item they have financed.  In reality, it is a court approved way to get out of some of your contractual obligations.  The court replaces the value that you are contracted to pay on a certain item with an approved current value … Read more

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Bankruptcy Basics

Can I Keep My Car Lease if I File Bankruptcy?

When filing bankruptcy you have the option to continue to pay for your car lease payment or you can opt out of your car lease payment.  In a bankruptcy you can legally be released from many of your contractual obligations, this includes things like cell phone contracts, apartment leases, and even a car lease.  In a … Read more

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Bankruptcy Basics

Do I Need an Attorney to File Bankruptcy?

Are you thinking about filing bankruptcy on your own? You may be asking if you really need a lawyer to do it. Maybe money is tight, and hiring an attorney feels like one more bill you cannot afford right now. That worry makes sense. Below, we will explain the rules in plain English. You will … Read more

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