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Bankruptcy is often seen as the worst possible outcome when facing financial difficulties. However, filing for bankruptcy can be a strategic move that helps you bring order to your financial position. When filing for bankruptcy, one of the first decisions…

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…

If you cannot make your mortgage payments, the lender will eventually begin foreclosure proceedings on your home to collect the mortgage debt. This can lead to the sale and loss of your home if you don’t act in a timely…

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 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…

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…

Bankruptcy is a legal process that helps people find relief when they fall behind on payments and become overwhelmed by debt. The decision to file for bankruptcy can be difficult to make, but bankruptcy can be the best way to…

There are many bankruptcy code details you should be aware of when filing for bankruptcy. However, bankruptcy law does change sometimes. A compassionate bankruptcy lawyer can help you navigate the law and your financial situation. Increase in Bankruptcy Code Dollar…

If you’re facing financial difficulties, you may also be behind on your utility bills. You’re likely wondering what happens to your unpaid utility bills and if your services will get shut off if you file for bankruptcy. The bankruptcy attorneys…

If a homeowner falls behind on their mortgage payments, they might feel all hope is lost. Fortunately, this is not always the case. In certain situations, homeowners have the option of filing for bankruptcy to stop a foreclosure. However, there…