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

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…
Chris Layton

Can I File A Chapter 13 Without My Spouse?

Yes, married couples are permitted to file individually or jointly. To maximize the results of the bankruptcy, it sometimes makes sense to file individual bankruptcies simultaneously for both spouses. Your Charlotte bankruptcy attorney can assist…
Chris Layton

Creditor Calls After Bankruptcy

Once you file a Chapter 7 or Chapter 13 bankruptcy, all creditor calls and attempts to collect on debt will stop. After receiving your discharge in bankruptcy, the creditors have no legal rights against you. But what if you missed a creditor…
Chris Layton

Debts To Friends And Family

Clients about to file bankruptcy understandably are interested in retaining a credit card or excluding certain debts from the bankruptcy. Usually this stems from a sense of responsibility to the creditor, or the desire to have available credit…
Chris Layton

Spousal Income In Bankruptcy

Many clients are concerned that the collective income in their household will bar them from filing a Chapter 7 bankruptcy. While there are income thresholds whereby you automatically qualify for a Chapter 7, there are also adjustments that can…