Posts by Steve Sampson
What You Should Know Before Filing for Chapter 7 Bankruptcy in Raleigh
Chapter 7 bankruptcy refers to the liquidation of assets to discharge most of an individual’s unsecured debt, including credit cards and personal loans. Individuals who filed for Chapter 7 bankruptcy in Raleigh are able to keep most of their assets and regain control over their finances within three to four months. If you have consulted…
Read MoreBankruptcy in Raleigh and the Legal System
Excessive debts and foreclosures are any individual’s worst nightmares, and filing for bankruptcy in Raleigh is the only legal way to reduce or eliminate your financial setbacks. However, the process of filing for bankruptcy is a complex one. As such, it is vital that you understand the purpose and procedure of filing for bankruptcy. Lawful…
Read MoreHow Employment Affects Your Application for Chapter 7 or Chapter 13 Bankruptcy in Raleigh
Filing for Chapter 7 or Chapter 13 bankruptcy in Raleigh is a big step toward getting your finances under control. It can be a smart financial decision for many individuals who have been recently unemployed or are facing overwhelming debt. However, various factors must be considered in the direction of your bankruptcy filing, including your…
Read MoreHow to File for Chapter 7 Bankruptcy in Raleigh
Filing for Chapter 7 bankruptcy in Raleigh offers the debtor a fresh financial start. Chapter 7 bankruptcy liquidates assets to help pay off debts. It also grants an automatic stay to protect the debtor from collectors and creditors. Many debtors prefer filing for Chapter 7 bankruptcy because it discharges most debts. However, not everyone is…
Read MoreChapter 7 Bankruptcy Lawyers in Raleigh, NC Discuss the Surging Aging Bankruptcy Population
It is now becoming increasingly common to see senior citizens in deep financial trouble. Many are struggling with huge medical bills, credit card debt, and other payments that exceed their monthly income. If this sounds familiar, Chapter 7 bankruptcy lawyers in Raleigh, NC may be able to provide a way out. The Rise of Seniors…
Read MoreBankruptcy Lawyers in Raleigh, NC Discuss Bankruptcy Eligibility
A lot of people equate bankruptcy with failure and an uncertain future, but that is far from the truth. Filing for bankruptcy has many advantages depending on your situation. Declaring bankruptcy allows individuals to resolve their financial difficulties and start rebuilding their credits. To decide if bankruptcy is for you, bankruptcy lawyers in Raleigh, NC…
Read MoreHow Exemptions are Determined and Used When Filing for Bankruptcy with Lawyers in Raleigh, NC
When filing for bankruptcy, some properties are protected or exempted from liquidation. It is your responsibility to ask bankruptcy lawyers in Raleigh, NC about the exemptions that apply to your case. For Chapter 7 bankruptcy, these exemptions determine the property you can keep. In Chapter 13, the exemptions determine the amount you will pay creditors…
Read MoreRegain Your Health and Financial Freedom by Filing for Medical Bankruptcy in Raleigh
Depending on the situation, filing for medical bankruptcy in Raleigh can be the best option for the struggling individual. With the help of Weik Law Office, you may be able to get back on your feet sooner than you think. Types of Debt Relief for Medical Debt Medical debt is the top reason for bankruptcy…
Read MoreWhy Filing for Chapter 13 Bankruptcy in Raleigh, NC is Beneficial in the Long Run
Filing for bankruptcy in Raleigh, NC can be challenging. It can affect your future credit and your reputation. When your debts have overtaken your income, you need to re-assess your financial situation. Research on your bankruptcy options and consult with a credible attorney. Doing this will help you develop a concrete plan on how to…
Read MoreHow to Handle Chapter 7 Bankruptcy in Raleigh with Grace
Filing for Chapter 7 bankruptcy in Raleigh could weigh down on you. Inviting more pain, however, can help you lose focus on the opportunity in front of you. To help you, we at Weik Law Office give you the best guidance on how to handle this difficult time with grace. Go out with trusted friends.…
Read More