Posts by Steve Sampson
When 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 MoreThree Biggest Myths about How Bankruptcy Affects the Debtor’s Financial Future
Even today, many people are discouraged from taking advantage of the best debt relief option available to them due to misconceptions about bankruptcy. People put a lot of stock in their creditworthiness for many financial matters, which is why it’s understandable that they are not willing to risk damaging their credit score. In some cases…
Read MoreA Bankruptcy Lawyer Can Help Married Couples Go Over Some Important Filing Considerations
Married couples in Raleigh have two options when it comes to declaring bankruptcy. They may file individually or jointly. Individual filing is ideal if only one spouse needs to settle debt. This is also beneficial for the other partner since it won’t affect their credit whatsoever. Joint filing, on the other hand, allows married couples…
Read MoreWhat to Do If You Can’t Keep Up with Your Chapter 13 Bankruptcy Repayment Plan
A typical Chapter 13 bankruptcy case may last anywhere from three to five years. A lot can happen during that time, and you may find yourself defaulting or no longer able to keep up with the originally agreed to repayment plan. Some common reasons for this may include increased expenses, emergencies or illness. Fortunately, you…
Read MoreEssential Requirements to Get Tax Debt Discharged in a Chapter 7 Bankruptcy
Some people who file for Chapter 7 bankruptcy fail to take full advantage of its ability to discharge debt. For instance, you may not be aware that you can get your tax debt wiped out under Chapter 7. In truth, Chapter 7 can discharge some types of tax debt provided that they satisfy certain requirements.…
Read MoreWhy Bankruptcy in Raleigh, NC Can Be a Good Option for Debt Relief
When your finances are in trouble and you can no longer afford to pay for your debt, it may be a good idea to consider filing for bankruptcy. If you’re eligible, it’s the solution that will free you from financial problems. It might also be just what you need to keep your business going despite…
Read MoreTop Benefits of Having a Bankruptcy Lawyer in Raleigh Do Your Filing
When you are in dire financial trouble and you know that there is no way that you can crawl out of debt on your own, it’s time to consider filing for bankruptcy. It is a solution that can help cancel out your existing debt or come up with a more manageable payment plan for it.…
Read MoreChapter 13 Exemptions Explained by Bankruptcy Lawyers in Raleigh, NC
Instead of feeling hopeless due to overwhelming debt, file for Chapter 13 bankruptcy to ease your financial woes. Chapter 13 may be able to wipe out much of your unsecured debt without taking away your house, car, and other properties. Bankruptcy lawyers in Raleigh, NC discuss the exemptions under North Carolina law that you should…
Read MoreA Chapter 7 Bankruptcy Lawyer Explains the Process for Business Owners
If your business is drowning in debt and you’re looking for relief so you can start over, filing for Chapter 7 bankruptcy may help you. Filing for bankruptcy can be a positive life-changing event, one where you may not lose everything you own, including your home.
Read MoreChapter 7 Bankruptcy Raleigh: How Filing Chapter 13 Can Save Your Home
Filing for Chapter 13 bankruptcy allows you to keep your home in several ways. The first is through the automatic stay which prevents your creditors from harassing you while your case is under way. The second is through a repayment plan that allows you to repay the arrears on your mortgage over several years. The…
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