Filing A Restaurant Bankruptcy
Bankruptcy, Chapter 11, Chapter 13, Chapter 7Filing A Restaurant Bankruptcy As Covid-19 rages on and restrictions for public gatherings ramp up, restaurants in Charlotte and the surrounding area—as well as the country—continue to feel the pain. Many restaurant owners indicate they…
Mortgage Foreclosure Moratorium and Mortgage Forbearance In NC
Bankruptcy, Chapter 13, Chapter 7Mortgage Foreclosure Moratorium and Mortgage Forbearance In NC The mortgage foreclosure moratorium has been extended to December 31st, 2020. This means even if you are delinquent on your mortgage, your lender can not move forward with foreclosure…
How Long Does Bankruptcy Take?
Bankruptcy, Chapter 13, Chapter 7If you have an emergency situation, our firm can file a bankruptcy for you within 24 hours. However, we do not recommend filing bankruptcy that quickly unless it is absolutely necessary. A few examples would be to stop a foreclosure sale or…
Bankruptcy For Medical Bills
Chapter 13, Chapter 7Bankruptcy For Medical Bills You can file bankruptcy for medical bills. Not only will your medical bills be discharged by the bankruptcy, but you other existing unsecured debt will be discharged by filing bankruptcy as well. While this is sometimes…
How Much Does Bankruptcy Cost?
Bankruptcy, Chapter 13, Chapter 7How Much Does Bankruptcy Cost? The cost of a bankruptcy will depend on which Chapter you file. In North Carolina, the cost for a Chapter 13 is set by the court. The cost for a Chapter 7 bankruptcy depends upon the law firm and the specifics…
What Happens To My Mortgage If I File Bankruptcy?
Bankruptcy, Chapter 13, Chapter 7, Credit ScoreWhat Happens To My Mortgage If I File Bankruptcy? If you own a home and file bankruptcy, you can keep your home and mortgage secured by the mortgage. Depending upon whether you file Chapter 7 or Chapter 13, the course of events that follows…
Inventory And Equipment In Bankruptcy
Bankruptcy, Chapter 11, Chapter 13, Chapter 7Inventory and Equipment in Bankruptcy A common scenario is emerging across the country, and one which we are addressing in our office with many potential bankruptcy clients. As small businesses further feel the impact of Covid-19, business…
Bankruptcy Is Not A Four Letter Word
Bankruptcy, Chapter 13, Chapter 7Bankruptcy Is Not A Four Letter Word Currently, both bankruptcy and Covid-19 are spreading quickly. As we begin to see Fortune 500 companies file for bankruptcy due to Covid-19, it is a great time to remind ourselves that bankruptcy can be…
What Happens To My Car In Bankruptcy?
Bankruptcy, Chapter 13, Chapter 7, Reaffirmation AgreementsWhat Happens To My Car In Bankruptcy? If you own a car or lease a car, you will need to decide what happens to your car in bankruptcy. You have the choice to keep your car and the debt associated with it, or you can choose to surrender the…
When Does Bankruptcy Fall Off Your Credit Report?
Bankruptcy, Chapter 13, Chapter 7, Credit ScoreWhen Does Bankruptcy Fall Off Your Credit Report? This is a great question and shows an eye toward the future. The good news is that you will be extended credit much sooner than the date by which the bankruptcy will fall off your credit report.…