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

Chris Layton

Student Loans In Bankruptcy

The general rule is that student loans are not dischargeable in either a Chapter 7 or a Chapter 13 bankruptcy. Understandably, this is disappointing to most individuals considering filing a bankruptcy, because student loans often represent a…
Chris Layton

Chapter 13 Payments In A Charlotte Bankruptcy

When you file a Chapter 13 bankruptcy in Charlotte or anywhere in the Western District of North Carolina, you make regular payments to the bankruptcy trustee for the duration of your plan. While it may sound counter-intuitive to make payments…
Chris Layton

Charlotte, NC Mortgage Modification Failures

The Charlotte Observer posted this article today reporting that home loans serviced by Bank of America and Wells Fargo, which received more than $200 million in taxpayer funds for modification, have gone into default.It’s not just Bank…
Chris Layton

Documents Needed For A Charlotte Bankruptcy

Nobody likes paperwork. My goal as your bankruptcy lawyer is to not let paperwork get in the way of you getting your bankruptcy filed. The goal is to move you forward, not weigh you down with endless tasks. For that reason, my clients and I…
Chris Layton

What Is Bankruptcy Court

The bankruptcy court is a part of the federal district court in each judicial district. If you’re filing a bankruptcy in Charlotte, North Carolina, you file in the Western District of North Carolina.The bankruptcy court examines (in both…
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…