It can be frustrating when you reside in North Carolina and have trouble repaying your debts, especially if unforeseen events place you in this position. After trying to find a financial resource to cover what you owe, you may find that bankruptcy is the only option....
Month: January 2022
What are the emotional benefits of a collaborative divorce?
Divorce is a challenging and emotionally taxing process for all parties involved. It can be especially difficult for couples who have spent many years together and have built a life together. Collaborative divorce allows couples to separate without the emotional...
Preparing your Chapter 13 plan
A Chapter 13 bankruptcy is a type of bankruptcy that allows individuals with a regular income to reorganize their debts and pay them off over a period of three to five years. If you are considering filing for Chapter 13 bankruptcy in North Carolina, it is important to...
How to talk to your parents about estate planning
It can be difficult to talk to your parents about estate planning, but it is important that you do. By having a discussion about their wishes and plans for the future, you can help them ensure that their North Carolina estate is handled in the way that they want. So,...
What is the purpose of a bankruptcy certificate?
Bankruptcy is a valuable tool for North Carolina residents who are in over their heads on debt. While many people know that bankruptcy can give them a new start, few know that before they can file, they must go through credit counseling and receive a bankruptcy...
Should you file bankruptcy without your spouse during divorce?
Some North Carolina families going through divorce also face the decision concerning bankruptcy and whether both spouses should file or just one. The type of debt you're trying to dispose of will help determine which option is best. Determining marital debt Divorces...
Setting a revocable trust into your estate plan
Under North Carolina law, you don't need a plan for your assets to be disbursed when you die. There is just one catch to this: In the United States, estates that have no will or trust plan get executed via probate. This hearing is how estates get contested, creditors...
What to know about declaring bankruptcy on medical debt
It's not uncommon to find people receiving medical bills that they cannot afford to pay in North Carolina. If you're unable to pay a medical bill, you may consider filing for bankruptcy to eliminate it. Before you start thinking about whether you may want to file,...
Chapter 13 bankruptcy can stop foreclosure
It starts with past-due notices and continuous calls from your mortgage company. Falling behind on house payments in any environment, let alone during a pandemic, creates stress and uncertainty, particularly when a foreclosure notice is filed. You should know that...
Can you discharge all your debts in bankruptcy?
Filing bankruptcy can give you a clean slate financially. If your income qualifies you for Chapter 7 bankruptcy, you will likely be able to discharge most of your personal debts in your case. If you file Chapter 13 bankruptcy, you may be able to have certain debts...