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

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…
Chris Layton

Is My Retirement or 401k Protected In Bankruptcy?

Yes. There are exceptions, but generally speaking your retirement funds are protected from creditors in a bankruptcy. This is why it's so important to take action and consider bankruptcy before depleting retirement accounts to manage bills.…
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…