{"id":4102,"date":"2011-01-21T09:00:54","date_gmt":"2011-01-21T09:00:54","guid":{"rendered":"http:\/\/www.duncanlawonline.com\/?p=4102"},"modified":"2026-06-07T00:46:13","modified_gmt":"2026-06-07T04:46:13","slug":"basics-of-understanding-financial-statements-for-your-business","status":"publish","type":"post","link":"https:\/\/www.duncanlawonline.com\/staging\/8350\/basics-of-understanding-financial-statements-for-your-business\/","title":{"rendered":"The Basics of Understanding Financial Statements for Your Business"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" class=\"alignleft wp-image-8195 size-medium\" src=\"https:\/\/www.duncanlawonline.com\/wp-content\/uploads\/2015\/04\/Laptop-Keyboard-Picture-300x200.jpg\" alt=\"Open Laptop - Keyboard\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-content\/uploads\/2015\/04\/Laptop-Keyboard-Picture-300x200.jpg 300w, https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-content\/uploads\/2015\/04\/Laptop-Keyboard-Picture-1030x686.jpg 1030w, https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-content\/uploads\/2015\/04\/Laptop-Keyboard-Picture-705x470.jpg 705w, https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-content\/uploads\/2015\/04\/Laptop-Keyboard-Picture-450x300.jpg 450w, https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-content\/uploads\/2015\/04\/Laptop-Keyboard-Picture.jpg 1300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>As previously discussed, there are two financial statements that you must provide for your business when you <a title=\"Bankruptcy Attorneys in North Carolina\" href=\"https:\/\/www.duncanlawonline.com\/bankruptcy\/\" target=\"_blank\" rel=\"noopener\">file personal bankruptcy<\/a>: \u00a0the income statement or profit and loss and the balance sheet.\u00a0 We will look at the financial statements for a small plumbing business, ABC Plumbing.<\/p>\n<p>*** We encourage you to click on either of these links to open examples of a <a href=\"https:\/\/www.duncanlawonline.com\/wp-content\/uploads\/2011\/01\/Sample-Profit-Loss-Statement.xls\">profit &amp; loss statement<\/a> and <a href=\"https:\/\/www.duncanlawonline.com\/wp-content\/uploads\/2011\/01\/Sample-Balance-Sheet.xlsx\">balance sheet<\/a>.***<\/p>\n<p>This is a simplified approach to the financial statements, so you should seek advice from your accountant should you have questions when preparing the financial statements for your business. We will also only be looking at Operating Income and will not consider interest income, interest expense or other non-operating items that most businesses incur.<\/p>\n<p>The major components for the Income Statement are Revenue, Expenses and the Income or Loss of the business.\u00a0 Since each business is different, your individual components may vary.<\/p>\n<p>Revenue is the money you receive from your customers for work provided or services you have rendered.\u00a0 In our example, ABC Plumbing had Revenue of $12,888 in October.\u00a0 In order to produce this level of Revenue, ABC Plumbing had to purchase items to install for their customers including toilets and facets.\u00a0 These items are the Cost of Goods Sold.\u00a0 \u00a0ABC Plumbing spent $7,900 in October on Cost of Goods Sold.\u00a0 Revenue less Cost of Goods Sold is Gross Income or Gross Margin.\u00a0 This is the amount you have to cover the Operating Expenses.<\/p>\n<p>Another major component of the Income Statement is Expense.\u00a0 Expenses vary by business but include items such as payroll, offices supplies, office lease and advertising.\u00a0 These are considered operating expenses since they are needed to conduct the business.\u00a0 This does not include the cost of machinery or business equipment, since they are usually considered capital purchases and will be discussed later.<\/p>\n<p>Operating Profit or Loss is derived from subtracting Expenses from Goss Margin.\u00a0 The Operating Profit for ABC Plumbing is $2603 in October.<\/p>\n<p>As discussed in a previous blog, the Balance Sheet is arguably the most important but overlooked financial statement, since it reflects the value of the business.\u00a0 The major components of the Balance Sheet include the Assets, Liabilities, and Shareholders Equity.<\/p>\n<p>Assets are usually considered Short-Term (Current) or Long-Term.\u00a0 Short-Term Assets are cash and those assets that can be converted to cash within 1 year.\u00a0 In addition to cash, this would include certificate of deposits that renew within one year, accounts receivable from customers and inventory.\u00a0 Long-Term Assets are those you expect to keep for more than a year.\u00a0 Most often this is Fixed Assets including Machinery and Equipments, Furniture, and Computers less the depreciation on the assets.\u00a0 In the example of ABC Plumbing, the Fixed Assets were purchased some time ago and were fully depreciated.\u00a0 Depreciation is an accounting method that reduces the value of an asset over a period of time and is based on general accounting principles and tax guidelines.<\/p>\n<p>Liabilities are also categorized as Short-Term (Current) or Long-Term.\u00a0 Current Liabilities are expected to be paid off within a year and can be credit cards or short-term loans.\u00a0 Long-Term Liabilities will take greater than a year to pay off and may include bank loans or personal loans for the business.<\/p>\n<p>Shareholder Equity equates to the value of the business. Total Assets less Total Liabilities will equal Shareholder Equity.\u00a0 Shareholder Equity includes the owner\u2019s initial investment in the business, profit or loss since the inception of the business and any owner\u2019s withdrawals or payouts from the business.\u00a0 Shareholder equity is ultimately the amount that must be protected or exempted in the bankruptcy.<\/p>\n<p>This is a very simplified approach to the financial statements.\u00a0 It is suggested that you seek the advice of an accountant or use an accounting software to prepare your business\u2019 financial statements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are two financial statements that you must provide for your business when you file personal bankruptcy:  the income statement or profit and loss and the balance sheet.  We will look at the financial statements for a small plumbing business, ABC Plumbing.  We encourage you to click on the blue links to open examples of a profit &#038; loss statement and balance sheet. This is a simplified approach to the financial statements, so you should seek advice from your accountant should you have questions when preparing the financial statements for your business. We will also only be looking at Operating Income and will not consider interest income, interest expense or other non-operating items that most businesses incur.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4171,4169],"tags":[],"class_list":["post-4102","post","type-post","status-publish","format-standard","hentry","category-bankruptcy-basics","category-financial-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Business Financial Statements &amp; Bankruptcy | Duncan Law<\/title>\n<meta name=\"description\" content=\"Filing bankruptcy as a business owner? Learn how to read your profit &amp; loss and balance sheet \u2014 and why shareholder equity matters in your NC bankruptcy case.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Basics of Understanding Financial Statements for Your Business\" \/>\n<meta property=\"og:description\" content=\"There are two financial statements that you must provide for your business when you file personal bankruptcy: the income statement or profit and loss and the balance sheet. We will look at the financial statements for a small plumbing business, ABC Plumbing. We encourage you to click on the blue links to open examples of a profit &amp; loss statement and balance sheet. This is a simplified approach to the financial statements, so you should seek advice from your accountant should you have questions when preparing the financial statements for your business. We will also only be looking at Operating Income and will not consider interest income, interest expense or other non-operating items that most businesses incur.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Duncan Law\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/duncanlawonline\" \/>\n<meta property=\"article:published_time\" content=\"2011-01-21T09:00:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-07T04:46:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.duncanlawonline.com\/wp-content\/uploads\/2026\/06\/blog-financial-tips-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Damon Duncan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DuncanLaw\" \/>\n<meta name=\"twitter:site\" content=\"@DuncanLaw\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Damon Duncan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/basics-of-understanding-financial-statements-for-your-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/basics-of-understanding-financial-statements-for-your-business\\\/\"},\"author\":{\"name\":\"Damon Duncan\",\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/#\\\/schema\\\/person\\\/f7b4948225deab021c8ba0edbea00655\"},\"headline\":\"The Basics of Understanding Financial Statements for Your Business\",\"datePublished\":\"2011-01-21T09:00:54+00:00\",\"dateModified\":\"2026-06-07T04:46:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/basics-of-understanding-financial-statements-for-your-business\\\/\"},\"wordCount\":637,\"publisher\":{\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/basics-of-understanding-financial-statements-for-your-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.duncanlawonline.com\\\/wp-content\\\/uploads\\\/2015\\\/04\\\/Laptop-Keyboard-Picture-300x200.jpg\",\"articleSection\":[\"Bankruptcy Basics\",\"Financial Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/basics-of-understanding-financial-statements-for-your-business\\\/\",\"url\":\"https:\\\/\\\/www.duncanlawonline.com\\\/basics-of-understanding-financial-statements-for-your-business\\\/\",\"name\":\"Business Financial Statements & Bankruptcy | Duncan Law\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/basics-of-understanding-financial-statements-for-your-business\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/basics-of-understanding-financial-statements-for-your-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.duncanlawonline.com\\\/wp-content\\\/uploads\\\/2015\\\/04\\\/Laptop-Keyboard-Picture-300x200.jpg\",\"datePublished\":\"2011-01-21T09:00:54+00:00\",\"dateModified\":\"2026-06-07T04:46:13+00:00\",\"description\":\"Filing bankruptcy as a business owner? Learn how to read your profit & loss and balance sheet \u2014 and why shareholder equity matters in your NC bankruptcy case.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/basics-of-understanding-financial-statements-for-your-business\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.duncanlawonline.com\\\/basics-of-understanding-financial-statements-for-your-business\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/basics-of-understanding-financial-statements-for-your-business\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.duncanlawonline.com\\\/wp-content\\\/uploads\\\/2015\\\/04\\\/Laptop-Keyboard-Picture-300x200.jpg\",\"contentUrl\":\"https:\\\/\\\/www.duncanlawonline.com\\\/wp-content\\\/uploads\\\/2015\\\/04\\\/Laptop-Keyboard-Picture-300x200.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/basics-of-understanding-financial-statements-for-your-business\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.duncanlawonline.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Basics of Understanding Financial Statements for Your Business\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/#website\",\"url\":\"https:\\\/\\\/www.duncanlawonline.com\\\/\",\"name\":\"Duncan Law\",\"description\":\"Bankruptcy attorneys getting a fresh financial start for those in North Carolina.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.duncanlawonline.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/#organization\",\"name\":\"Duncan Law, LLP\",\"url\":\"https:\\\/\\\/www.duncanlawonline.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.duncanlawonline.com\\\/staging\\\/8350\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/Duncan-Law-Logo.jpg\",\"contentUrl\":\"https:\\\/\\\/www.duncanlawonline.com\\\/staging\\\/8350\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/Duncan-Law-Logo.jpg\",\"width\":1,\"height\":1,\"caption\":\"Duncan Law, LLP\"},\"image\":{\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/duncanlawonline\",\"https:\\\/\\\/x.com\\\/DuncanLaw\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/duncan-law-pllc---north-carolina-law-firm\"],\"description\":\"Duncan Law, LLP is a North Carolina bankruptcy law firm helping individuals and families find relief from debt since 1996. With a board-certified bankruptcy specialist on staff, we guide clients through Chapter 7 and Chapter 13 bankruptcy from offices in Greensboro, Charlotte, Winston-Salem, Asheville, High Point, and Salisbury.\",\"email\":\"damonduncan@duncanlawonline.com\",\"telephone\":\"+1-336-856-1234\",\"legalName\":\"Duncan Law, LLP\",\"foundingDate\":\"1996-01-01\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.duncanlawonline.com\\\/#\\\/schema\\\/person\\\/f7b4948225deab021c8ba0edbea00655\",\"name\":\"Damon Duncan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0860bfb51834492373565e7f54c76f359af1bc371f1ee7145faa06c8d0a0538d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0860bfb51834492373565e7f54c76f359af1bc371f1ee7145faa06c8d0a0538d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0860bfb51834492373565e7f54c76f359af1bc371f1ee7145faa06c8d0a0538d?s=96&d=mm&r=g\",\"caption\":\"Damon Duncan\"},\"url\":\"https:\\\/\\\/www.duncanlawonline.com\\\/staging\\\/8350\\\/author\\\/dlo\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Business Financial Statements & Bankruptcy | Duncan Law","description":"Filing bankruptcy as a business owner? Learn how to read your profit & loss and balance sheet \u2014 and why shareholder equity matters in your NC bankruptcy case.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/","og_locale":"en_US","og_type":"article","og_title":"The Basics of Understanding Financial Statements for Your Business","og_description":"There are two financial statements that you must provide for your business when you file personal bankruptcy: the income statement or profit and loss and the balance sheet. We will look at the financial statements for a small plumbing business, ABC Plumbing. We encourage you to click on the blue links to open examples of a profit & loss statement and balance sheet. This is a simplified approach to the financial statements, so you should seek advice from your accountant should you have questions when preparing the financial statements for your business. We will also only be looking at Operating Income and will not consider interest income, interest expense or other non-operating items that most businesses incur.","og_url":"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/","og_site_name":"Duncan Law","article_publisher":"https:\/\/www.facebook.com\/duncanlawonline","article_published_time":"2011-01-21T09:00:54+00:00","article_modified_time":"2026-06-07T04:46:13+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/www.duncanlawonline.com\/wp-content\/uploads\/2026\/06\/blog-financial-tips-1.jpg","type":"image\/jpeg"}],"author":"Damon Duncan","twitter_card":"summary_large_image","twitter_creator":"@DuncanLaw","twitter_site":"@DuncanLaw","twitter_misc":{"Written by":"Damon Duncan","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/#article","isPartOf":{"@id":"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/"},"author":{"name":"Damon Duncan","@id":"https:\/\/www.duncanlawonline.com\/#\/schema\/person\/f7b4948225deab021c8ba0edbea00655"},"headline":"The Basics of Understanding Financial Statements for Your Business","datePublished":"2011-01-21T09:00:54+00:00","dateModified":"2026-06-07T04:46:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/"},"wordCount":637,"publisher":{"@id":"https:\/\/www.duncanlawonline.com\/#organization"},"image":{"@id":"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/#primaryimage"},"thumbnailUrl":"https:\/\/www.duncanlawonline.com\/wp-content\/uploads\/2015\/04\/Laptop-Keyboard-Picture-300x200.jpg","articleSection":["Bankruptcy Basics","Financial Tips"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/","url":"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/","name":"Business Financial Statements & Bankruptcy | Duncan Law","isPartOf":{"@id":"https:\/\/www.duncanlawonline.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/#primaryimage"},"image":{"@id":"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/#primaryimage"},"thumbnailUrl":"https:\/\/www.duncanlawonline.com\/wp-content\/uploads\/2015\/04\/Laptop-Keyboard-Picture-300x200.jpg","datePublished":"2011-01-21T09:00:54+00:00","dateModified":"2026-06-07T04:46:13+00:00","description":"Filing bankruptcy as a business owner? Learn how to read your profit & loss and balance sheet \u2014 and why shareholder equity matters in your NC bankruptcy case.","breadcrumb":{"@id":"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/#primaryimage","url":"https:\/\/www.duncanlawonline.com\/wp-content\/uploads\/2015\/04\/Laptop-Keyboard-Picture-300x200.jpg","contentUrl":"https:\/\/www.duncanlawonline.com\/wp-content\/uploads\/2015\/04\/Laptop-Keyboard-Picture-300x200.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.duncanlawonline.com\/basics-of-understanding-financial-statements-for-your-business\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.duncanlawonline.com\/"},{"@type":"ListItem","position":2,"name":"The Basics of Understanding Financial Statements for Your Business"}]},{"@type":"WebSite","@id":"https:\/\/www.duncanlawonline.com\/#website","url":"https:\/\/www.duncanlawonline.com\/","name":"Duncan Law","description":"Bankruptcy attorneys getting a fresh financial start for those in North Carolina.","publisher":{"@id":"https:\/\/www.duncanlawonline.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.duncanlawonline.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.duncanlawonline.com\/#organization","name":"Duncan Law, LLP","url":"https:\/\/www.duncanlawonline.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.duncanlawonline.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-content\/uploads\/2021\/06\/Duncan-Law-Logo.jpg","contentUrl":"https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-content\/uploads\/2021\/06\/Duncan-Law-Logo.jpg","width":1,"height":1,"caption":"Duncan Law, LLP"},"image":{"@id":"https:\/\/www.duncanlawonline.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/duncanlawonline","https:\/\/x.com\/DuncanLaw","https:\/\/www.linkedin.com\/company\/duncan-law-pllc---north-carolina-law-firm"],"description":"Duncan Law, LLP is a North Carolina bankruptcy law firm helping individuals and families find relief from debt since 1996. With a board-certified bankruptcy specialist on staff, we guide clients through Chapter 7 and Chapter 13 bankruptcy from offices in Greensboro, Charlotte, Winston-Salem, Asheville, High Point, and Salisbury.","email":"damonduncan@duncanlawonline.com","telephone":"+1-336-856-1234","legalName":"Duncan Law, LLP","foundingDate":"1996-01-01"},{"@type":"Person","@id":"https:\/\/www.duncanlawonline.com\/#\/schema\/person\/f7b4948225deab021c8ba0edbea00655","name":"Damon Duncan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/0860bfb51834492373565e7f54c76f359af1bc371f1ee7145faa06c8d0a0538d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/0860bfb51834492373565e7f54c76f359af1bc371f1ee7145faa06c8d0a0538d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0860bfb51834492373565e7f54c76f359af1bc371f1ee7145faa06c8d0a0538d?s=96&d=mm&r=g","caption":"Damon Duncan"},"url":"https:\/\/www.duncanlawonline.com\/staging\/8350\/author\/dlo\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-json\/wp\/v2\/posts\/4102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-json\/wp\/v2\/comments?post=4102"}],"version-history":[{"count":6,"href":"https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-json\/wp\/v2\/posts\/4102\/revisions"}],"predecessor-version":[{"id":14052,"href":"https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-json\/wp\/v2\/posts\/4102\/revisions\/14052"}],"wp:attachment":[{"href":"https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-json\/wp\/v2\/media?parent=4102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-json\/wp\/v2\/categories?post=4102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duncanlawonline.com\/staging\/8350\/wp-json\/wp\/v2\/tags?post=4102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}