Chapter 13

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...

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...

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...

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...

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...

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...

“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...

Many small business owners may be uncertain about what to do when their business is struggling and at what point to file a small business bankruptcy. The right steps to take will depend on the specifics of the situation. But...

Financial hardships are bad enough without the fear of losing your home. If you have difficulty making monthly payments, you may wonder whether a loan modification could prevent foreclosure. Depending on your situation, a loan modification could be helpful in...

Filing for bankruptcy can be a confusing process – as can filing your taxes. Combining the two can become even more complicated. Generally, but not always, it is better to complete your tax return before filing for bankruptcy. The team...