Posts by Steve Sampson
Bankruptcy Lawyer Raleigh Identifies Chapter 7 Bankruptcy Exemptions
Bankruptcy Lawyer in Raleigh Identifies the Exemptions Under Chapter 7 Bankruptcy in North Carolina Chapter 7 bankruptcy brings debt relief to petitioners by selling their property and using the funds to pay their creditors. However, that does not mean that debtors have to lose all their property. Some exemptions allow them to keep certain types…
Read MoreDifferences Between Chapter 7 vs. Chapter 13 Bankruptcy in Raleigh
Know the Difference Between Chapter 7 and Chapter 13 Bankruptcy in Raleigh
Read MoreCostly Mistakes When Filing for Chapter 7 Bankruptcy in Raleigh
Top Mistakes to Avoid When Filing for Chapter 7 Bankruptcy in Raleigh If you’re struggling with a lot of unsecured debt such as medical bills and personal loans, you can find the relief you deserve by filing for Chapter 7 bankruptcy in Raleigh. You can stop worrying about harassment from creditors, since Chapter 7 grants…
Read MoreBankruptcy for the Elderly: Facts from Your Bankruptcy Lawyer in Raleigh
Most people dream of a comfortable and financially secure retirement. For too many older Americans, however, financial struggles due to debt are now the reality. It is a source of high stress to a demographic that is already vulnerable to declining job opportunities, health issues, and isolation. If this is something you or your elderly…
Read MoreUnderstanding What Happens After Filing for Bankruptcy in Raleigh, NC
Filing for bankruptcy in Raleigh, NC is generally a last-resort option for those with insurmountable debt. Many people feel like bankruptcy is an admission of failure, but the truth is that it is a powerful tool for debtors to get their financial life back on track. For most debtors, deciding to file for bankruptcy is…
Read MoreA Bankruptcy Lawyer in Raleigh Explains Credit Counseling and Debtor Education Requirements
Bankruptcy filing has taken on a new phase, as Chapter 7 and Chapter 13 petitioners must now take two new classes during the process. Before filing, individuals are required to attend a credit counseling course. In addition, they must attend a personal financial management class before getting a discharge at the end of the course.…
Read MoreChapter 7 Bankruptcy Lawyers in Raleigh, NC Discuss Tax Returns
When individuals are facing a huge amount of debt, a tax refund is an extremely helpful start. In the case of bankruptcy filings, however, petitioners may or may not be able to keep their tax refunds depending on the situation and laws of the state. Chapter 7 bankruptcy lawyers in Raleigh, NC discuss how Chapter…
Read MoreUnderstanding the Chapter 7 Means Test with a Bankruptcy Lawyer in Raleigh, NC
The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) changed the process of filing for Chapter 7 in 2005. Under this legislation, petitioners who have high incomes are prohibited from filing for Chapter 7 bankruptcy. A bankruptcy lawyer in Raleigh, NC discusses the “means test,” an exam that determines if a petitioner is qualified for…
Read MoreDocument Checklist: What Petitioners Need to File According to a Bankruptcy Lawyer in Raleigh, NC
Filing for bankruptcy involves completing a number of legally required procedures and submitting necessary financial statements. The court needs to get a clear idea of the petitioner’s debts, assets, and spending to determine eligibility for bankruptcy. To ensure a smooth filing process, debtors must gather all the necessary documents. Petitioners are advised to work closely…
Read MoreDebunking Common Myths and Misconceptions about Bankruptcy with Lawyers in Raleigh, NC
Various myths and misconceptions have made debtors reluctant to file for bankruptcy. Most ended up with problems that they would not have encountered if they submitted a bankruptcy petition early. Through this post, you will learn about the process and gain proper knowledge about the situation with the help of bankruptcy lawyers in Raleigh, NC.…
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