Chapter 13
How Can the Benefits of Bankruptcy Have a Positive Affect on the Community?
Benefits of Bankruptcy for the Community The benefits of bankruptcy extend beyond just the individual—they positively affect the community as well. Surprising? Many associate bankruptcy with dishonesty or irresponsibility, assuming it causes widespread harm. While there are occasional bad actors...
Post-Confirmation Appreciation of Property in Sub-Chapter V Cases
A common dilemma in Chapter 13 cases arises when the debtor’s property increases while the case is pending. If creditors are slated to receive $10,000 over the five-year Chapter 13 plan because the debtor owns property worth $45,000, then who...
What Are the Types of Bankruptcies in NC?
When debt gets out of hand, whether with personal finances or at your business, you may wonder what options are available to you. Understanding the different types of bankruptcies may offer answers. Types of Individual (Consumer) Bankruptcy When an...
Rufus Reynolds’ Approach to Wage Earner Bankruptcy and its Enduring Impact
Rufus Reynolds’ approach to wage earner bankruptcy[i] had an enduring impact. He was appointed bankruptcy referee[ii] in the Middle District of North Carolina (MDNC) in 1946. He served until 1986 but was recalled to preside over the PTL case until...
Keeping your Roof with $0 Down in Chapter 13
If you’re a homeowner facing financial turbulence, you’re not alone. Life can toss us into rough seas, but there’s a possible lifeline – Chapter 13 bankruptcy. What do you do if you need to take action but have zero money...
Can I Be Discriminated Against For Filing Bankruptcy In The Employment Context?
Filing for bankruptcy can be a relief for those facing financial stress. However, many fear doing so will have negative reputational or professional repercussions. Some worry that an employer or potential employer will discriminate against them if they file. Understanding...
How Much Does It Cost to File for Bankruptcy?
If you’re considering filing for bankruptcy, you may have many questions. You might wonder, how much does it cost to file bankruptcy? Depending on the type of bankruptcy and the attorney you choose to handle your case, various costs are...
Is Chapter 13 Bankruptcy for Individuals or for Businesses?
Filing for bankruptcy can provide relief for individuals and businesses experiencing overwhelming financial challenges. However, only some types of bankruptcy are available to both, and the confusing naming convention can make it hard to know which ones could apply to...
Can I Keep My Business If I File for Bankruptcy?
As a business owner, your business is important to you. Many business owners don’t realize they may be able to continue operating their business while seeking bankruptcy relief. If you are a business owner struggling to pay your vendors and...
What is Bare-Legal Title?
“Bare-legal title” is a somewhat imprecise term used to denote those instances when the legal record of ownership is separated from the equitable fact of ownership. This post is the first of several in which we will consider how those...
