myths surrounding bankruptcy

5 Myths Surrounding Bankruptcy

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5 Myths Surrounding Bankruptcy Bankruptcy is surrounded by myths, and they keep eligible individuals from pursuing what can be an amazing way out of crippling debt and financial stress. You deserve freedom from the anxiety caused by the myths…
Avoid Wage Garnishment

How To Avoid Wage Garnishment - File Bankruptcy

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How To Avoid Wage Garnishment – File Bankruptcy If you need to avoid wage garnishment in North Carolina, filing bankruptcy is most likely your best option. While North Carolina limits the type of debts which can be garnished, if you want…
Do I Need A Will

Can I File Bankruptcy Again?

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Can I File Bankruptcy Again? If you’re thinking about filing bankruptcy again, you will need to know whether you received a discharge in your prior bankruptcy filing. Most of the rules regarding whether you can file bankruptcy again depend…
Can I file bankruptcy without my spouse

Can I File Bankruptcy Without My Spouse?

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Can I File Bankruptcy Without My Spouse? Yes, you can file bankruptcy without your spouse. When deciding whether to file bankruptcy with or without your spouse, there are a few factors to consider. We’re here to help you sort through the…
Do I Need A Will

Loan Consolidation Or Chapter 7

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Is Loan Consolidation Better Than Chapter 7? Loan consolidation or “Debt Consolidation”, is when a debtor combines their existing debt into one loan. Typically, filing a Chapter 7 bankruptcy will yield a much better result for the debtor…
bankruptcy and foreclosure

Bankruptcy And Foreclosure

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Bankruptcy And Foreclosure If you’re considering bankruptcy and foreclosure proceedings have started, you need to act quickly. Filing a bankruptcy will stop a foreclosure proceeding; however, you will need a plan to either repay the mortgage…
What to expect after filing bankruptcy

Filing Bankruptcy With A Pending Lawsuit

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Filing Bankruptcy With A Pending Lawsuit If you file bankruptcy with a pending lawsuit, the legal action against you will come to a halt pursuant to the Automatic Stay in bankruptcy. This means the creditor attempting to turn your debt into…
Do I Need A Will

Is Bankruptcy Public Knowledge?

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Is Bankruptcy Public Knowledge? Yes, your bankruptcy filing is public knowledge. However, the chance of someone finding out you filed bankruptcy is not as good as you might think. In fact, other law firms routinely call our office to ask us…
myths surrounding bankruptcy

How Does Bankruptcy Affect Tax Refunds?

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How Does Bankruptcy Affect Tax Refunds? Tax refunds are protected in bankruptcy by the bankruptcy exemptions available to all debtors. Your tax refund is an asset, and must be declared as an asset on your bankruptcy case filing. By applying…
How does bankruptcy affect your credit

What Does Bankruptcy Do To Your Credit Score?

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What Does Bankruptcy Do To Your Credit Score? Bankruptcy affects your credit score differently, depending upon what your credit score is just prior to filing. You can expect that your credit score will drop after filing bankruptcy, but it will…