Archive for November 2018
Chapter 7 Bankruptcy in Raleigh: The Debts That Can Be Discharged
Filing for Chapter 7 bankruptcy in Raleigh gives you the chance to eliminate some or majority of your debt. But what exactly are the dischargeable debts covered by Chapter 7 bankruptcy? Here is a brief discussion to guide you. How a Discharge Works A discharge serves to protect the debtor by preventing the creditor from…
Read MoreAn Honest Look at Pros and Cons of Filing for Chapter 7 Bankruptcy in Raleigh
Filing for Chapter 7 bankruptcy in Raleigh can be a tough decision. When it comes to life-changing decisions like this, it is always best to take an honest look at what you are facing. This way, you are fully prepared for what is coming. Here is a closer look at what is in store for…
Read MoreWhat to Know and Expect When Filing For Chapter 13 Bankruptcy in Raleigh
If you are high on debt, you can apply for Chapter 13 bankruptcy in Raleigh, depending on your situation. While Chapter 7 bankruptcy is a more common option to eliminate debt, Chapter 13 is just as effective in developing a plan to repay all of your debts. Chapter 13 Bankruptcy Also known as the “Wage…
Read MoreRaleigh Bankruptcy Attorney Shares Comforting Facts about Filing for Bankruptcy
Seeking professional help from a bankruptcy attorney in Raleigh is typically people’s last resort. You may have exhausted all means of trying to get your finances and debt under control, but nothing has worked. So many wrong notions surround the act of filing for bankruptcy. Because of this, many people continue suffering under mountains of…
Read MoreFiling for Bankruptcy in Raleigh: The Basics
Some people stay in debt because they are either too afraid to make a move or they are not aware of the legal options they can take. For many people, filing for bankruptcy in Raleigh is the best option to deal with the trouble of paying off personal loans or saving a house that is about…
Read MoreLong-Term Financial Benefits of Chapter 13 Bankruptcy in Raleigh
At the most basic level, Chapter 13 bankruptcy in Raleigh involves a payment plan that you will undertake for three to five years, depending on your situation. Some people get discouraged due to the length of the plan, and this can make Chapter 7 a more appealing alternative. However, many unique advantages to filing for…
Read MoreA Bankruptcy Lawyer in Raleigh Discusses How Student Loan Debts Can Be Discharged
Many young professionals are faced with outstanding debt from student loans; getting the help of a bankruptcy lawyer in Raleigh is a viable option to address this situation. An average college graduate has more than $37,000 student debt. With inflation and other bills to pay, your student loan can add up to your other obligations…
Read MoreWhen to Stop Paying Off Your Credit Card Debt and Start Filing for Bankruptcy in Raleigh
If you can’t afford to pay off your credit card debt anymore, filing for bankruptcy in Raleigh can be a viable option. Depending on what type of bankruptcy the court grants you, it can allow you to stop making payments altogether and receive a fresh start. However, you should not take this decision lightly. Several…
Read More