Chapter 7
Can I Move to Another State After Filing for Bankruptcy in NC?

For some people going through or considering bankruptcy, moving can seem like an opportunity for a fresh start. Other times, a move is necessary to secure a well-paying job. One of the questions we occasionally get asked is, “Can you...
Can I Buy a Car After Filing for Bankruptcy?

Declaring bankruptcy is a big decision — but it may be the right one. Once you move past the painful initial stage of admitting your debt is unmanageable, you can start thinking about the future. However, you may have questions...
Preparing for a 341 Meeting

If you face serious financial difficulties, you might consider filing for bankruptcy to get a fresh start. There are several steps in the bankruptcy process. One of the most crucial is the 341 meeting of creditors, required by section 341...
How to Stop Your Car from Being Repossessed

If you took a loan to buy a vehicle and cannot make your monthly payments, your vehicle could be repossessed by the lender. If you have been delinquent in making your monthly payments for a period of 45-75 days, you...
Consumer Debt vs. Non-Consumer Debt

Consumer Debt vs. Non-Consumer Debt The major difference between consumer debt and non-consumer debt is what the money was used for. Whether your debt is considered consumer or non-consumer can affect your bankruptcy proceedings. Everyone’s situation is different, but an...
What Constitutes a Household Good in Bankruptcy?

Exempt Property in a North Carolina Bankruptcy Some people avoid filing bankruptcy because they believe they’ll have to give up all their assets. However, an individual debtor is allowed to exempt certain property from the bankruptcy. For more information on...
Consumer Debt Gets Tough to Manage Around the Holidays

The winter holidays are a joyous time, but not if you are struggling with debt. From Black Friday and Cyber Monday to last-minute sales just before Christmas, industry experts expect the average American to spend almost $1,000 per person on...
Does Chapter 7 Bankruptcy Include Student Loans?

Millions of people across the country are currently borrowing or paying down student loan debt. While your education may have been valuable to you and your future, the student loans you have to pay back can be overwhelming. But what...
What to Do With Credit Cards Before Filing Chapter 7

There is a lot of confusion around bankruptcy. What is and isn’t off-limits? Can you still use your credit cards when you file? What happens to credit cards in chapter 7? It can be challenging to navigate how to keep...
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...