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

Chris Layton

Writ Of Execution - What You Need To Know

Many of my daily phone calls come on the heels of an individual receiving a Writ Of Execution. Here are some general questions I answer freely on those calls, and some guidelines to help you protect your property if you receive a writ of execution. Does…
Chris Layton

Building Your Credit After Bankruptcy

How Bankruptcy Affects Your Credit ScoreFiling a successful bankruptcy solves more problems than it creates. That being said, most clients have immediate questions about their credit score. Depending upon your credit score prior to filing…
Chris Layton

Bankruptcy What Is It?

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Bankruptcy is not a sign of failure. Bankruptcy is not an admission of giving up. In fact, when you decide you’re going to file a bankruptcy—in North Carolina or anywhere else—you’re taking control of your situation. So, if bankruptcy…
Chris Layton

Bankruptcy and Judgments or Judgment Liens

There are many types of debt and many stages of relationships that exist between debtors and creditors. When a creditor in North Carolina obtains a judgment or judgment lien against a debtor, that lien will attach to certain property owned by…
Chris Layton

Keeping Property In A Charlotte Bankruptcy

When you file a bankruptcy petition for Chapter 7 in Charlotte, NC (The Western District of NC), you state your intention as to certain property. This includes homes and vehicles with existing loans, leases, and even cell phone contracts. In…
Chris Layton

Keeping Your Car In A Charlotte Bankruptcy

The fear of losing a car in bankruptcy is just one more myth about bankruptcy that continues to keep people in need, from finding out about their options. While not every Charlotte bankruptcy client of mine can keep their vehicle in a Chapter…
Chris Layton

Addressing Property Taxes In Bankruptcy

Property taxes are treated as priority debt in a bankruptcy, but very rarely cause a problem for clients filing a Chapter 7 or Chapter 13 bankruptcy, so long as action is taken before the taxing authority takes aggressive steps to  collect…
Chris Layton

Frozen Funds: Can My Bank Freeze My Funds When I File Bankruptcy In North Carolina?

I am currently assisting a client with a situation where the bank has frozen funds in his bank account. While the laws in bankruptcy can assist in helping you regain access to the frozen funds in your account, it can be a slow and painful process.…
Chris Layton

Protecting Property From Creditors

Whether you are getting harassing phone calls from creditors, or you’re being sued by them, by taking the right steps now, you can maximize the property you can protect. We have all heard rumors about changing the names on the deed of the…
Chris Layton

Bank Account Levy and Wage Garnishment

When a creditor obtains a judgment against you, there is a potential they will levy your bank account or garnish your wages. This makes an already difficult financial time exponentially more frustrating.What Is A Bank Levy?A bank levy…