Bankruptcy Information
Can I Keep Saving for Retirement If I File for Bankruptcy in Raleigh NC?
Filing bankruptcy can provide meaningful financial relief when you’re facing burdensome, unpayable debt. But it also requires disclosing your assets to the courts – which makes some filers worry about legal impacts if they continue saving for retirement. The good news is that under most circumstances, you can and should continue contributing towards retirement during…
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 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 MoreCommon Mistakes to Avoid Before Filing for Raleigh Bankruptcy
The period between deciding and actually filing for Raleigh bankruptcy is when most debtors are vulnerable to their creditors. During financial stress, it can be tempting to take all measures to alleviate the pressure. However, it is important that the debtor handles these financial issues carefully with a bankruptcy attorney to avoid major complications upon…
Read MoreHow Filing for Chapter 7 or Chapter 13 Bankruptcy in Raleigh Affects Mortgage
Declaring bankruptcy in Raleigh affects mortgage in a myriad of ways. A mortgage is a legal agreement wherein a debtor surrenders the title of their property to a creditor to borrow money at interest. Like other types of loans, mortgages are subject to late charges and other fees. Homeowners who take out a mortgage are…
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 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 MoreIs it Time to File for Chapter 13 Bankruptcy in Raleigh?
Declaring Chapter 7 or Chapter 13 bankruptcy in Raleigh is never an easy decision. Bankruptcy laws exist precisely because financial disasters can happen to anyone. The cause may vary — an unexpected medical emergency, credit card debt, a business going under, and more — but bankruptcy laws are designed to give people a second chance…
Read MoreExemplary Services Your Bankruptcy Lawyer in Raleigh, NC Can Do for You
Bankruptcy is a sensitive issue for anyone. In a situation this demanding, you need the most trusted bankruptcy lawyer in Raleigh, NC to handle it. To help you in filing for bankruptcy, your attorney should be equipped with the knowledge and character to go about it. This is something Weik Law Office values and promotes…
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