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

Chris Layton

Your Creditors And Bankruptcy

Your creditors will be notified that you have filed either a Chapter 7 bankruptcy or a Chapter 13 bankruptcy when the court sends notice to them. This is done shortly after you or your attorney files your bankruptcy petition. The notice from…
Chris Layton

Why Bankruptcy

My Charlotte bankruptcy clients and I talk about all of their options. This includes options outside of bankruptcy. I feel my job as an attorney is to assist the client in making the best decision for them, and understanding why bankruptcy works…
Chris Layton

Retirement Funds -- Charlotte Bankruptcy

Debt is stressful. It becomes overwhelming when it depletes our savings and retirement funds. My clients try so hard to meet their financial responsibilities, that they often deplete not only their savings but also their retirement accounts.…
Chris Layton

Married, Filing Single -- Bankruptcy and Non-Filing Spouses

I had a conversation with a client today about this very issue. While married bankruptcy clients have the ability to file solely or jointly, there are considerations which affect that choice. The primary consideration is usually protecting the…
Chris Layton

Reaffirming A Debt

Before a bankruptcy or during it, your creditors may encourage you to reaffirm your debt with them. When you reaffirm a debt, you are carving that debt out from the bankruptcy and re-obligating yourself with the creditor. The debt will survive…
Chris Layton

Charlotte Bankruptcy Attorney

When choosing a bankruptcy attorney in Charlotte, North Carolina, there are a few factors to consider. Your attorney should be available, educated, and concerned with putting your needs above all else. If you find a bankruptcy attorney who you…
Chris Layton

Eliminate Credit Card Debt

My Charlotte bankruptcy clients impress me every day with their desire to be responsible and to keep promises they have made. Usually, that includes a desire to pay credit card bills up to the day of filing for a Chapter 7 or Chapter 13 bankruptcy.…
Chris Layton

Secured Credit Cards

I get excited for bankruptcy clients who are eager to rebuild their credit after filing a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, and so we are sure to discuss secured credit cards. After bankruptcy, clients want to avoid credit traps…
Chris Layton

Can I Keep ONE Credit Card?

Clients often ask "Can I keep one credit card?" We have been taught that credit cards are "good." That it is a wise choice to have one in case of an emergency. Or, even if you don’t plan to use it for emergencies, it’s a great way to build…
Chris Layton

Do I Make Too Much Money To File Bankruptcy?

Whether you qualify for bankruptcy certainly involves an examination of your income. Your income alone though, is not typically what determines whether you have the ability to file a Chapter 7 or a Chapter 13 bankruptcy. Instead of looking at…