News & Information
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…
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…
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…
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…
Chapter 7 Bankruptcy Qualifications in North Carolina
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 with a clean slate, but now you are asking – “how do I qualify for bankruptcy Chapter 7 in NC?”. You need to meet a…
Understanding The Top Greensboro,NC Bankruptcy Exemptions
When you decide to declare bankruptcy here in Greensboro or elsewhere in 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…
Filing Chapter 7 Bankruptcy In Greensboro, NC
The onset of the pandemic was financially debilitating to both individual consumers and businesses. Since the pandemic began, there’s been a decrease in bankruptcy filings by nearly 30%. One of the main reasons why bankruptcy filings have decreased is because most Americans, Greensboro residents included, simply don’t understand their rights and how bankruptcy can help.…
Filing Chapter 13 Bankruptcy in Greensboro, NC
If you are struggling 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 on a three to five year repayment plan as…
How Long Does Bankruptcy Chapter 7 Take in Greensboro, NC?
One of the first questions clients will ask Greensboro bankruptcy lawyers when they meet is, “how long does bankruptcy, Chapter 7 take in North Carolina?” 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…
Office Locations
Greensboro
305 Blandwood Ave
Greensboro, NC 27401
Phone: (336) 274-4658
Fax: 336-274-4540
Eden
551 Monroe Street
Eden, NC 27288
Phone: (336) 623-4600
