News & Information

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…

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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 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…

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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…

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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…

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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…

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filing chapter 7 bankrupcy in NC

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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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…

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Bankruptcy Forms and moeny on a table

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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Office Locations


100 South Elm Street Suite 500
Greensboro, NC 27401
Phone: (336) 274-4658
Fax: 336-274-4540


551 Monroe Street
Eden, NC 27288
Phone: (336) 623-4600