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

How Much Will My Chapter 13 Payments Be

How Is A Chapter 13 Plan Calculation Performed?

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How Is A Chapter 13 Plan Calculation Performed? A Chapter 13 plan calculation is based on two premises: your budget (ability to pay), and your mandatory repayments. The Chapter 13 Budget One premise behind Chapter 13 is that you must pay…
Chapter 13 bankruptcy

The Benefits of Chapter 13 Bankruptcy

If you are considering filing Chapter 13 bankruptcy, it's important to understand the costa and benefits of this type of filing. Prior to filing, your attorney will discuss both Chapter 7 bankruptcy and Chapter 13 bankruptcy with you. While…
Can I file bankruptcy without my spouse

Can I File Bankruptcy Without My Spouse?

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Can I File Bankruptcy Without My Spouse? Yes, you can file bankruptcy without your spouse. When deciding whether to file bankruptcy with or without your spouse, there are a few factors to consider. We’re here to help you sort through the…
Do I Need A Will

Loan Consolidation Or Chapter 7

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Is Loan Consolidation Better Than Chapter 7? Loan consolidation or “Debt Consolidation”, is when a debtor combines their existing debt into one loan. Typically, filing a Chapter 7 bankruptcy will yield a much better result for the debtor…
discharging student loans

Do I Need To File A Business Bankruptcy?

Do I Need To File A Business Bankruptcy? Whether you need to file a business bankruptcy depends largely upon the type of debt you have, the amount of debt you have, and whether you desire the specific business entity to continue doing business…
bankruptcy and foreclosure

Bankruptcy And Foreclosure

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Bankruptcy And Foreclosure If you’re considering bankruptcy and foreclosure proceedings have started, you need to act quickly. Filing a bankruptcy will stop a foreclosure proceeding; however, you will need a plan to either repay the mortgage…
What to expect after filing bankruptcy

Filing Bankruptcy With A Pending Lawsuit

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Filing Bankruptcy With A Pending Lawsuit If you file bankruptcy with a pending lawsuit, the legal action against you will come to a halt pursuant to the Automatic Stay in bankruptcy. This means the creditor attempting to turn your debt into…
Do I Need A Will

Is Bankruptcy Public Knowledge?

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Is Bankruptcy Public Knowledge? Yes, your bankruptcy filing is public knowledge. However, the chance of someone finding out you filed bankruptcy is not as good as you might think. In fact, other law firms routinely call our office to ask us…
myths surrounding bankruptcy

How Does Bankruptcy Affect Tax Refunds?

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How Does Bankruptcy Affect Tax Refunds? Tax refunds are protected in bankruptcy by the bankruptcy exemptions available to all debtors. Your tax refund is an asset, and must be declared as an asset on your bankruptcy case filing. By applying…
How does bankruptcy affect your credit

What Does Bankruptcy Do To Your Credit Score?

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What Does Bankruptcy Do To Your Credit Score? Bankruptcy affects your credit score differently, depending upon what your credit score is just prior to filing. You can expect that your credit score will drop after filing bankruptcy, but it will…