Those who are struggling to make ends meet may consider a number of different debt relief options. One of those options is likely bankruptcy. For individuals, the most common type of bankruptcy is Chapter 7. It can help to understand the basic timeline of this type of...
Guiding North Carolina individuals and business owners toward financial stability through bankruptcy.
Bankruptcy
How do Chapter 7 and Chapter 13 bankruptcies differ?
Many North Carolina residents are facing a growing pile of debt, and if you count yourself among them, you may be looking for ways to find relief. Depending on circumstances, bankruptcy may be an option worth considering. If you decide to move forward with personal...
Life after Chapter 13 bankruptcy
Choosing bankruptcy is not easy. You may have been struggling for years to dig your way out of credit card debt or pay medical bills that you could not realistically pay off in a lifetime. While some people seem to take this step more easily than others, the relief...
Can you keep your car after filing Chapter 7 bankruptcy?
Making the decision to declare bankruptcy is never an easy one, as there are many factors involved, including which assets you can keep once the process begins. You may worry about losing the things most valuable to you, such as your vehicle. Experian notes that a...
Coping emotionally with bankruptcy
Debt can come from a variety of situations, from medical bills to layoffs to money management mistakes. Sometimes your debt becomes so overwhelming that it becomes time to consider bankruptcy as a way to move forward. Bankruptcy can be a helpful tool if you are over...
What types of property can you keep in North Carolina bankruptcy?
If you decide to file for bankruptcy in North Carolina, you can keep personal property and other items to assist in a fresh financial start. These items, called exemptions, apply to individuals who live in the state for at least 730 days before filing for bankruptcy....
How do you avoid falling back into credit card debt?
After filing for bankruptcy, one of the best things you can do for yourself is work on your spending habits, finances and budgeting. After all, the last thing you want is to fall back into debt after taking the painstaking time and effort to dig your way out. But how...
Is there a link between medical debt and bankruptcy?
Whether it is job loss, divorce, home repair or medical emergency, financial tragedies can dramatically impact unsuspecting individuals across the nation. These tragedies can strike without warning. Unfortunately, many hardworking Americans do not have thousands of...
How can you avoid falling back into credit card debt?
When digging yourself back out of debt, it is important to plan ahead for the future. After all, your hard work now will mean nothing if you keep the habits that led you into credit card debt in the first place. There are several things you can do to prevent yourself...
How Subchapter 5 bankruptcy differs from Chapter 7 and 11
The Small Business Debtor Reorganization Act went into effect in February of 2020 to provide small businesses with financial relief. Known as Subchapter 5 of the Bankruptcy Code, business owners experiencing a temporary hardship may qualify if their debts do not...
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We are a debt relief agency under the United States Code. We help people file for bankruptcy relief under the Bankruptcy Code
