Chapter 7

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...

Typically, the menu of bankruptcy chapters presented to individuals is short: you’ve got chapter 7 and you’ve got chapter 13. Because the various flavors in which those two chapters can come is endless, though, it’s relatively rare that someone’s forced...

Receiving calls about vehicle repossessions is not new to our office. A bankruptcy can help with repossessions in two different scenarios. .. … So as between the 2 scenarios, the 2nd option is simpler and cheaper. View our Filing...

To discharge your student loans in bankruptcy, you pretty much have to be in a coma. That’s not the technical rule, of course, but it certainly feels that way sometimes. As a result, when attorneys who represent debtors talk about...

Usually, it’s chapter 13 cases that are most time-sensitive, but that doesn’t mean you should carelessly delay the filing of your chapter 7. Here are a few reasons why filing sooner, rather, than later can be a good idea. Repossession...

Debt secured by collateral can be either over-secured (meaning that the value of the collateral exceeds the loan balance) or under-secured (meaning that the value of the collateral is less than the loan balance). When there are multiple loans secured by...

Though many times married people choose to file a joint bankruptcy case, it is also common for only one spouse to file. Usually this happens when the problematic debt a family is attempting to discharge is only owed by one of...

Remember that fib you told on your rental application? The one where you said that you’d never been evicted before, even though you had, eight months earlier? Guess what? It matters. At least that was the ruling in Yankah v. Mack,...