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

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…
Chris Layton

Married Couples Filing Bankruptcy

There are numerous reasons why married couples filing bankruptcy need to consider their options. A Charlotte bankruptcy lawyer can assist you with clarifying your objectives, and then analyzing the choices for filing. Here is a very brief overview:Avoid…
Chris Layton

Professionals Are Not Immune To Bankruptcy

The stereotypes and myths around bankruptcy often serve as a barrier for deserving people who need to file. The fact is that whether you’re a school teacher, hospital employee, doctor, or lawyer, economic difficulties which can’t be offset…
Chris Layton

Automatic Stay Violation

An automatic stay violation in bankruptcy often gives rise to a cause of action for the debtor. When you file bankruptcy, the automatic stay affords you protection from creditor attempts to collect on debts until the automatic stay ends. This…
Chris Layton

Student Loans In Bankruptcy

While student loans are generally not dischargeable in bankruptcy, the filing of a Chapter 13 bankruptcy can assist greatly in managing payments on student loans. For this reason, if you have a legitimate need for filing a Chapter 13 bankruptcy,…
Chris Layton

Median Income and Bankruptcy

Whether you qualify for a Chapter 7 bankruptcy is a function of median income as well as the Means Test.Let’s start by looking at median income. This is a standard used to determine if you automatically qualify for Chapter 7 bankruptcy.…
Chris Layton

Small Business Bankruptcy

Most small business owners have to take a risk to get started. You need equipment or money before you can make money. When the income is outweighed by the debt, you may find yourself facing a small business bankruptcy.Despite what you’ve…