How to File Bankruptcy in NC

Filing for bankruptcy is a serious and complex matter. When deciding to declare bankruptcy, you may be feeling overwhelmed and even ashamed at the financial predicament you have found yourself in. The critical thing to remember is that you are not alone. Thousands of Americans file for some type of bankruptcy relief every single year.…

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Can You File Bankruptcy Twice?

Can I File Bankruptcy A Second Time?

Can you file bankruptcy twice in North Carolina? Businesses and individuals alike file bankruptcy when debt starts to pile up. Doing so gives you a chance to have a fresh start, reorganize debts, and pay back outstanding balances. Sometimes businesses or individuals may opt to file for bankruptcy again if debt continues to be out…

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Subchapter 5 Bankruptcy

Effective in early 2020, the Small Business Reorganization Act (SBRA) added Subchapter V (5) to the U.S. Bankruptcy Code. Subchapter 5 bankruptcy makes it easier and less expensive for small businesses filing and restructuring through Chapter 11. At least 50% of total debt owed must be business-related (not personal bankruptcy) and single-asset debtors are excluded…

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CARES Act Bankruptcy

CARES Act Bankruptcy Paper work

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed by President Trump on March 27, 2020. This is one of several acts that have been passed in order to provide economic and disaster relief to those severely impacted by the negative effects of COVID-19. The CARES Act not only provides emergency financial…

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Understanding The Top Greensboro,NC Bankruptcy Exemptions

Attorney and Clients holding papers and meeting around a table to discuss bankruptcy exemptions

When you decide to declare bankruptcy here in Greensboro or elsewhere in North Carolina, it immediately stops all creditors from collecting debts. In cases of Chapter 7 or Chapter 13 bankruptcy, when your debts have been sorted out by law, the legal obligation to pay your debts is often eliminated or reorganized. One of the…

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Filing Chapter 7 Bankruptcy In Greensboro, NC

filing chapter 7 bankrupcy in NC

The onset of the pandemic was financially debilitating to both individual consumers and businesses. Since the pandemic began, there‚Äôs been a decrease in bankruptcy filings by nearly 30%. One of the main reasons why bankruptcy filings have decreased is because most Americans, Greensboro residents included, simply don’t understand their rights and how bankruptcy can help.…

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How Long Does Bankruptcy Chapter 7 Take in Greensboro, NC?

Bankruptcy Forms and moeny on a table

One of the first questions clients will ask Greensboro bankruptcy lawyers when they meet is, “how long does bankruptcy, Chapter 7 take in North Carolina?” It is a fair question. When you are dealing with overwhelming debt every week that you have to continue to deal with, it feels like a year. Of course, you…

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How to Find a Bankruptcy Attorney That Serves Reidsville, NC

If you’re thinking about filing Chapter 7 or Chapter 13 bankruptcy, make sure you’re working with an experienced bankruptcy attorney with experience working for the residents of Reidsville and the surrounding area in North Carolina to be your advocate and guide. Finding the right lawyer to handle your case can take some time but asking…

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Find a Bankruptcy Attorney in Greensboro

Filing for any type of bankruptcy can be a trying time in any person’s life. There are the stresses caused by issues with personal finances such as late bills, harassing creditor calls, and many sleepless nights. Furthermore, when it comes time to take some action to address these matters it takes due diligence and thorough…

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