A bankruptcy blog containing useful information for anyone considering a Charlotte bankruptcy attorney.

Chris Layton

Keeping A Business In A Chapter 7

Many clients of mine are small business owners. While they are facing difficult financial times now, their hope is that their small business will turn the corner and turn a profit down the road. While every case is unique, typically, you…
Chris Layton

Getting Started With Bankruptcy -- It Only Takes A Phone Call

Arguably, making that initial phone call is the hardest part about bankruptcy. Automated credit reports, computers and email have made the process of putting information together much easier than in the past. What they haven't taken away is…
Chris Layton

How Long Does Bankruptcy Take?

Clients are entitled to clear expectations about the time frame for preparing and filing a bankruptcy. So when clients ask "How long does bankruptcy take?" I usually summarize with the information below. While there are some exceptions, the…
Chris Layton

Same Sex Bankruptcy

Bankruptcy for same sex couples in North Carolina has caused some concern for same sex couples, bankruptcy trustees and bankruptcy attorneys due to the conflicting nature of federal and state laws. However, the good news is that attorneys and…
Chris Layton

Keep Your Home In Bankruptcy

As a Charlotte bankruptcy attorney, one common fear I encounter related to filing bankruptcy is the fear of being able to keep your home in bankruptcy. Fortunately, for most clients, there is a bankruptcy option which allows them to keep their…
Chris Layton

Taxes in Bankruptcy

I get questions almost daily about whether taxes owed can be included in a bankruptcy. Now that the filing date for 2013 taxes has passed, it seems a good time to review the basic considerations.Chapter 7In a Chapter 7, you can include…
Chris Layton

Loans From Family Members In Bankruptcy

There is nothing wrong with having loans from family members and choosing to filing bankruptcy. Your Charlotte bankruptcy attorney can help you sort through the details, but here are a few basics.Bankruptcy Is Designed To Treat All Creditors…
Chris Layton

Personal Injury Awards In Bankruptcy

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If you have an ongoing personal injury lawsuit, or a potential personal injury lawsuit, you must disclose it when filing your bankruptcy. This does not mean you will lose the personal injury awards in bankruptcy. If your injury occurs after…
Chris Layton

Bankruptcy And Tax Refunds

Bankruptcy and tax refunds go hand in hand. Each year, individuals find themselves in the unique position of being able to catch up on bills with a tax refund. While this is an admirable way to spend your tax refund, you might consider using…
Chris Layton

Filing Bankruptcy In Charlotte

Federal bankruptcy laws determine whether filing bankruptcy in Charlotte is appropriate. More specifically, this is the U.S. Bankruptcy Court for the Western District of North Carolina, Charlotte office .180 Days TestGenerally, a bankruptcy…