News & Information

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.…

Read More
Can I File Bankruptcy A Second Time?

Can You File Bankruptcy Twice?

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…

Read More

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 More
CARES Act Bankruptcy Paper work

CARES 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…

Read More
Chapter 13 Bankruptcy Eligibility

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…

Read More
Attorneys and Client discussing Chapter 7 Bankruptcy qualifications

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…

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

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…

Read More
filing chapter 7 bankrupcy in NC

Filing Chapter 7 Bankruptcy In NC

Since the pandemic struck, most Americans have felt financially strained and stressed. While that’s not too surprising, what has caught experts off guard is the fact that bankruptcy filings have decreased nearly 30% since the pandemic began! One of the main reasons why bankruptcy filings have decreased is because most Americans simply don’t understand their…

Read More
bankruptcy forms for chapter 13

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…

Read More

Office 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