Reliable transportation to and from work is a significant consideration for those considering bankruptcy in North Carolina. Lenders always run credit checks when someone needs a car loan, so your filing type can affect whether you will qualify for a loan. Here is what...
Bankruptcy is a legal process that can help people in North Carolina pay off their debts. Typically, the bankruptcy process concludes after three to five years of regular payments. Multiple bankruptcy types exist, including the popular Chapter 13 reorganization...
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....
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...
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...
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...
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,...
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...
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...
If you find yourself crushed by a mountain of debt, filing bankruptcy could provide you the financial relief you need. Yet, you may wonder whether it is the right option for you, since you may fear you could lose your home during proceedings. Like many people who file...
