Chapter 7

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,...

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...

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...

 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...

When considering your debt relief options, you may wonder what happens after you file bankruptcy. Bankruptcy is a legal process that sets off a chain reaction of events. Some of these events are to protect you while others are to...

Written By: Cort Walker The coronavirus pandemic and its impact on the local (Raleigh, NC) and national economy has financially devastated many individuals and families. Evictions and, as a result, homeless families are a very real threat for 2021. Many...

Written by: Philip Sasser When the first stimulus package (aka The CARES Act) was passed in March 2020, the part most people focused on was how much money they were going to get – responses generally falling into the categories...

As of November 1, 2020, the North Carolina median income, for means test calculation purposes, increased.  This means that the six-month look back on your income allows for a slightly higher income threshold for your household size than it did...

Many people sign loan agreements without reading the fine print or understanding the consequences if the agreement contains a cross collateralization clause. Cross collateralization provisions in loan agreements can create unexpected complications for borrowers seeking to discharge debts by filing...

People who are over their heads in debt and considering bankruptcy have a number of decisions to make regarding bankruptcy and taxes. As bankruptcy attorneys, we often hear questions from clients like does bankruptcy affect tax return? And how bankruptcy will...