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

filing chapter 7 without your spouse

Filing Bankruptcy Without Your Spouse

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Filing Bankruptcy Without Your Spouse Considering filing bankruptcy without your spouse? You should discuss your situation with a bankruptcy lawyer before doing so. This article is meant to answer questions and concerns if you’re considering…
student loans in bankruptcy

Does Bankruptcy Cover Student Loans?

No, bankruptcy does not cover student loans. Well, at least bankruptcy does not "get rid of" student loans. This is the starting point in the discussion regarding educational loans and bankruptcy. While student or educational loans are not discharged…
How Does Bankruptcy Affect Tax Refunds

Does Debt Settlement Affect My Credit Score?

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Does Debt Settlement Affect My Credit Score? Yes, you can expect that a debt settlement will negatively affect your credit score. Most reliable sources such as Experian.com, and Creditkarma.com indicate that if your credit score is 700 or higher,…
Chapter 13 Calculation

Bankruptcy For Unsecured Debt

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Bankruptcy For Unsecured Debt If you are considering bankruptcy solely for unsecured debt, you will still have to pass The Means Test in bankruptcy. Typically, if the debt you wish to discharge in bankruptcy is unsecured, our goal will be to…
file bankruptcy again

Tax Refunds In Bankruptcy

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Tax Refunds In Bankruptcy Your tax refund is an asset in bankruptcy. This is true whether you file Chapter 7 or Chapter 13. Your refund is treated differently in each chapter, but generally you can keep your tax refund in bankruptcy. Chapter…
business bankruptcy

Bankruptcy And Mortgage Payments

Bankruptcy And Mortgage Payments If you’re wondering how bankruptcy and mortgage payments work together, there is good news. Most bankruptcy clients are pleasantly surprised to find out they can keep their home in bankruptcy. After all, for…
Can I Keep My Bonus In Chapter 13

Can I Keep My Bonus In Chapter 13?

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Can I Keep My Bonus In Chapter 13? You can keep your bonus in Chapter 13 provided you account for it in your Net Disposable Income allocated to creditors. When you file Chapter 13, your payment is partly based upon your “Ability to Pay”…
Do I make too much money for Chapter 7

Do I Make Too Much Money For Chapter 7?

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Do I Make Too Much Money For Chapter 7? In order to benefit from the relief offered under Chapter 7, you must show the court that you qualify. Qualifying for Chapter 7 essentially boils down to two key categories: Income and Assets. This article…
Can I Keep My Apartment In Bankruptcy

Can I Keep My Apartment In Chapter 7?

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Can I Keep My Apartment In Chapter 7? Yes, you can keep your apartment in Chapter 7. You will need to stay current on rent, but you can keep it. In other words, the fact you filed Chapter 7 does not give the landlord the power to evict you.…
Bankruptcy and your credit score

Bankruptcy And Your Credit Score

People often put off filing bankruptcy because of the fear of what it will do to their credit score. However, your bankruptcy and credit score are tied together in ways most of us don't consider. We have been taught that a high credit score…