News & Information
What You Need to Know About Filing Business Bankruptcy in Greensboro, NC
Businesses are like individuals in that situations happen, and sometimes they can’t repay the debts they’ve amassed. North Carolina companies seek out debt relief options as a result. Below, our attorneys at Ivey, McClellan, Siegmund, Brumbaugh & McDonough, LLP share some details you need to know about if business bankruptcy is on the horizon for…
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3 Things Everyone Should Know About Estate Planning
Many people put off engaging in estate planning because they think that they are too young or don’t have enough assets to warrant doing so at the stage they’re at in their life. However, an incapacitating illness, injury, or death can befall anyone at any time, making it necessary to consult and utilize estate planning…
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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 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
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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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
