Chapter 13
Chapter 13 Versus Debt Settlement Programs
Have you wondered why you might consider filing a Chapter 13 Bankruptcy in comparison to entering into a debt settlement program? Here are a few factors to consider: Chapter 13 often offers a superior discount than you would receive...
What Do You Lose When You File Bankruptcy?
Filing bankruptcy could give you a financial fresh start if you can’t repay your debts. However, it’s not a magic bullet, and some consequences remain. The type of bankruptcy you file, along with your asset and debt makeup, will determine...
how to handle personal guarantees on business obligations
A lot of times when a small business owner is considering shuttering their company so they can find work someplace else one of their main concerns is how to handle personal guarantees on business obligations? The most obvious way for...
What Bankruptcy Can and Cannot Do
Bankruptcy can be a practical solution for people with problematic debt. It can also help them hold onto important assets, rebuild their credit, and find a stable financial path forward. However, bankruptcy has limitations that you need to understand if...
Foreclosure After COVID-19 – Can Bankruptcy Help?
The COVID-19 pandemic has left many people asking how to stop foreclosure proceedings and if filing for bankruptcy can help. In many cases, bankruptcy can help you avoid foreclosure, but it’s important to be aware of the issues involved. Keep...
Random Audits
It is not likely but always possible that your personal bankruptcy case will undergo an audit directed by the United States Bankruptcy Administrator which monitors and investigates bankruptcy cases to ensure compliance with applicable laws and procedures. If the Bankruptcy Administrator finds evidence of fraud,...
How Do Chapter 7 and 13 Bankruptcy Affect My Credit?
It’s a question we hear often: How long does a Chapter 7 bankruptcy stay on a credit report? A Chapter 7 bankruptcy will remain on your credit report for 10 years, but the real impact of a bankruptcy on your credit...
Benefit of Car Liens When Filing Bankruptcy
Filing Bankruptcy with a Car Lien In some situations, an outstanding car loan – and, therefore, a lien on your car – can be helpful if you are filing for bankruptcy. Having an obligation to make car payments may allow...
North Carolina Chapter 13 Bankruptcy Plan Payments & COVID-19
In addition to the tremendous effect that COVID-19 had on the healthcare industry, it also affected the American economy. These effects will likely be felt for many years to come, so it is important that debtors understand protections that can...
Medical Debt Piling Up? Bankruptcy Might Help
The COVID-19 crisis is subsiding here in the United States. Thankfully, daily death tolls are decreasing, and many Americans are fully vaccinated. One of many lingering problems from the pandemic for some individuals will be medical bills relating to...
