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

Chris Layton

Is The Sheriff Coming To My House?

After a creditor obtains a judgment against you, they will naturally try to collect on that judgment. This means there’s a chance the Sheriff is going to make an appearance at your home on behalf of the creditor. But there are ways to protect…
Chris Layton

Short Sale After Bankruptcy

Clients who surrender their home or condominium in bankruptcy are often approached by the mortgage lender or a realtor, about doing a short sale. For most, this is confusing. The property was given back to the mortgage lender in bankruptcy,…
Chris Layton

Can I Get A Credit Card After Bankruptcy?

Yes. In fact, it’s the best way to rebuild your credit after filing bankruptcy. Because your income to debt ratio will be healthy after filing bankruptcy, you’ll find you receive offers for credit cards a month or two after filing.While…
Chris Layton

My Credit Score After Bankruptcy

I understand my clients’ concerns about their credit score when considering filing bankruptcy. It’s hard to predict exactly what your credit score will be after filing bankruptcy but here are some guidelines and a few things to think about.Your…
Chris Layton

Can I Be Fired For Filing Bankruptcy?

When considering filing a personal bankruptcy, some clients are concerned about whether they will be able to get a job in finance, post-bankruptcy. Additionally, some jobs require bonding, which protects the employer against acts of the employee.You…
Chris Layton

Can I Get My Repossessed Car Back?

Yes. Even if your vehicle was repossessed prior to you filing bankruptcy.Federal law allows an individual who has filed bankruptcy to to compel the creditor (or collection agency) to return possession of the property. The reason is two-fold.…
Chris Layton

How Do I Pay For Bankruptcy

When you don’t have enough money to pay creditors, it’s difficult to imagine being able to pay an attorney to make those same creditors go away. I encourage clients who are stressed by financial problems to focus on the long-term. And if…
Chris Layton

Stop Collections Calls

Creditors are relentless in their pursuit of money. I talk to clients every day who are doing everything they can to pay creditors each month, and yet the creditors refuse to be reasonable. Bankruptcy is a vehicle available to most of those…
Chris Layton

Form 1099-C

When a creditor or lender accepts less than they are owed, the debtor often receives a Form 1099-C. This form is essentially requiring the individual to pay taxes on the amount of debt ‘forgiven’ by the lender. For example, if you have a…
Chris Layton

The Means Test In Bankruptcy

MisconceptionsOne misconception around bankruptcy involves the Means Test. Yes, such a test exists. It is designed to compare your Current Monthly Income to the Median Income that applies to your geographic area. If your CMI is lower than…