Info Articles
Raleigh Bankruptcy Lawyer Explains the Power of the Automatic Stay
Filing for bankruptcy comes with many benefits. One of its more widely known perks is that it can force your creditors to stop contacting you. This rule is called the automatic stay, which aims to prevent creditors from constantly bugging you when your bankruptcy case is filed. Your Raleigh bankruptcy lawyer shares with you some…
Read MoreWhy are More Senior Citizens Filing for Bankruptcy in Raleigh, NC?
In the past, people used to look forward to retirement, as this usually means they can finally enjoy the fruits of their lifelong labor. However, this isn’t the usual case today, as more and more seniors dread reaching the age of 66.
Read MoreA Bankruptcy Lawyer in Raleigh Explains About Chapters 7 and Chapter 13
If you are already stressed out due to massive debt, you may be seriously considering filing for bankruptcy. As the federal law defines it, declaring for bankruptcy is a legal proceeding that grants a fresh financial start for a debt-ridden individual.
Read MoreSpending Sprees Not the Cause of Insolvency, Says a Bankruptcy Lawyer
One of the most popular myths in declaring bankruptcy is that the individual in question has gone on a spending spree without any thought of possible consequences. However, as bankruptcy lawyers in Raleigh, NC would tell you, court statistics show that most people go bankrupt for many different reasons.
Read MoreBankruptcy Lawyer from Raleigh Gives Basics on Declaring Bankruptcy
Filing for bankruptcy is pretty scary, especially when you think about the possible consequences of such action. However, there are sometimes circumstances beyond a person’s control that lead an individual to declare themselves bankrupt, in order to regain control of their financial situation.
Read MoreThree Signs that Suggest Filing for Bankruptcy May Be Your Best Move
The degree of difficulty in managing finances is relatively the same whether you are concerned with an individual, a family’s, or a business’s financial health. However, there are times when your best effort is not enough and it may be the best option to declare bankruptcy as some people in Raleigh, NC have.
Read More3 Things to Accomplish Before Filling Out a Chapter 7 Bankruptcy Form
For many people dealing with debt, filing for bankruptcy is often the only option. This process helps consumers or businesses re-organize their debts under the protection of the bankruptcy court. Chapter 7 bankruptcy is one of the two types of bankruptcy you can file for. This falls under the liquidation category. Under this arrangement, a…
Read MoreBankruptcy Lawyer: Reasons to Switch from Chapter 7 to Chapter 13
In Chapter 7, you as the debtor will be able to get rid of debts through a process of liquidation process. Some of your assets will then be sold to settle your debts. State bankruptcy laws normally require people to pass a means test to disqualify debtors who may be able to pay back some…
Read MoreIt’s Time to Stop Believing These Persistent Myths About Bankruptcy
It’s no secret that filing for bankruptcy is no easy feat. What makes it more difficult, however, is being misinformed about the whole process. Surprisingly, this isn’t exactly impossible: everyone can have easy access to information about bankruptcy, though some of it is just plain wrong.
Read MoreBankruptcy Lawyers Share Reasons Why You’re Forced to File Bankruptcy
Most cases of bankruptcy are initiated by the debtor, but did you know that creditors could also file a bankruptcy case against a consumer? This is known as an involuntary bankruptcy case, and these are extremely rare, though this doesn’t mean it won’t happen to you.
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