News & Information
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…
Read MoreCARES Act Bankruptcy
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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Chapter 13 Bankruptcy Eligibility
If you’re considering declaring bankruptcy, it’s important to remember that there are several different types of bankruptcy, and each bankruptcy chapter has specific requirements. There are many requirements for filing under Chapter 13 bankruptcy relief. Filing bankruptcy with Chapter 13 in Greensboro, NC and the Triad area is for those who earn a significant income…
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Do I Qualify for Bankruptcy Chapter 7?
You’ve fallen into debt, done your research online, and found Chapter 7 bankruptcy. It seems like it might be the right solution for you to overhaul your debt and start out with a clean slate, but now you are asking – “how do I qualify for bankruptcy Chapter 7?” As a liquidation debt, you need…
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Understanding The Top NC 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
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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Filing Chapter 13 Bankruptcy in North Carolina
If you are struggling month after month 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 in a three to five year…
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How Long Does Bankruptcy Chapter 7 take?
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
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…
Read MoreOffice Locations
Greensboro
100 South Elm Street Suite 500
Greensboro, NC 27401
Phone: (336) 274-4658
Fax: 336-274-4540
Eden
551 Monroe Street
Eden, NC 27288
Phone: (336) 623-4600
