Bankruptcy
Why Hiring a Debt Relief Attorney in Greensboro, NC, Can Help You Regain Control of Your Finances
Drowning in debt? Are your monthly payments higher than your income? Are card companies and debt collection agencies harassing you day and night? Dealing with overwhelming debt is one of the most stressful situations anyone can face. Pressure is unbearable, no matter whether your debt problems are due to: Costly medical bills Home equity loans…
Read More5 Signs It’s Time to Consult a Bankruptcy Lawyer in Greensboro, NC
Don’t let debt take over your life. Find out the top signs that indicate it’s time to consult a trusted bankruptcy lawyer in Greensboro, NC, and regain financial stability.
Read MoreFiling Business Bankruptcy in Greensboro, NC
Businesses are like individuals in that situations happen, and sometimes they can’t repay the debts they’ve amassed. North Carolina companies seek out debt relief options as a result. Below, our attorneys at Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP share some details you need to know about if business bankruptcy is on the horizon for…
Read MoreFiling Chapter 13 Bankruptcy in Greensboro, NC
If you are struggling to pay your bills, and are seeing the debt pile up with no way forward, it may be time to file for a Chapter 13 bankruptcy NC. Chapter 13 allows those with enough income to repay all or part of their debts on a three to five year repayment plan as…
Read MoreThe Major Players in Bankruptcy Proceedings
There are several roles in bankruptcy proceedings that may change slightly depending upon the type of bankruptcy relief sought – but the major players are almost always the same. The details, filing application, and process differ whether you are looking to file a: Chapter 7– In a bankruptcy case under Chapter 7, you file a…
Read MoreChapter 13 Bankruptcy Can Halt Foreclosure
One of the leading causes of filing for bankruptcy is the inability to repay a mortgage, or falling behind on a mortgage and not being able to catch it back up. Filing a Chapter 13 bankruptcy imposes the Automatic Stay (the “Stay”) against all creditors, including a mortgage company who is instituting a foreclosure proceeding. In…
Read MoreWhat You Need to Know About Chapter 7 Bankruptcy
If you’re considering filing Chapter 7 bankruptcy, here are a few things you need to know. Filing for relief under the Bankruptcy Code, including filing a Chapter 7 bankruptcy, can pose a number of advantages to individuals and businesses in financial difficulties. Two of the largest advantages are the discharge and the imposition of the “automatic…
Read MoreTypes of Bankruptcies | Understanding The Bankruptcy Chapter Numbers Available To North Carolina Residents
Bankruptcy is governed only by federal law. The federal laws of the United States are “codified” within books of various groups, almost like volumes, with each volume receiving a numerical title. For example, Veterans’ Benefits are addressed in Title 38 of the U.S. Code, whereas Title 17 addresses Copyrights. Bankruptcy is found in Title 11…
Read MoreSkymall Filing Chapter 11 Bankruptcy
If you’ve flown any major airline here in Greensboro, NC or elsewhere in the U.S. in the past several years, you’ve undoubtedly stumbled upon a SkyMall magazine. SkyMall provides passengers with a unique shopping experience and even more unique gifts for purchase. Sadly, SkyMall filed for relief under Chapter 11 of the Bankruptcy Code in…
Read MoreChapter 7 Bankruptcy Infographic
Are you in the process of filing for Chapter 7 bankruptcy and would like to know more about the process? Download our graphic below to view approximate timelines and various decision points along the way. If you’d like more information, view our chapter 7 bankruptcy page.
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