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 NC Bankruptcy Exemptions

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

When you decide to declare bankruptcy in the state of 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 biggest myths…

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Filing Chapter 7 Bankruptcy In NC

filing chapter 7 bankrupcy in NC

Bankruptcies can have far-reaching effects beyond just the financial burden. They can cause a strain on marriages, ruin a business, or even destroy future plans when handled incorrectly. A Chapter 7 bankruptcy is designed to wipe out debt and give a new, fresh start to those who file under it. Under this filing, a trustee…

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How Long Does Bankruptcy Chapter 7 take?

Bankruptcy Forms and moeny on a table

One of the first questions clients will ask NC bankruptcy lawyers when they meet is “how long does bankruptcy, Chapter 7 take?” 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 want to know…

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What You Need to Know About Chapter 7 Bankruptcy Cost

bankruptcy chapter 7 cost

If you are dealing with overwhelming debt and are looking for relief, Chapter 7 bankruptcy may be the solution that you are searching for.  Filing Chapter 7 bankruptcy in North Carolina can be one of the quickest ways to wipe out debt and get the fresh financial start you deserve. An experienced attorney can help…

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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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