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

Chapter 7 -- Qualifying For Bankruptcy

One of the myths around qualifying for bankruptcy is that if you make more than a certain amount of income you cannot file. The truth is whether you qualify for bankruptcy is typically determined by examining both your income and your debts…

Filing an Elderly Bankruptcy

While there is not a bankruptcy filing specific to elderly individuals, filing an "elderly bankruptcy" is something to consider if you’re entering into your golden years with considerable debt. Most elderly individuals are living on a fixed…

Credit Cards After Filing Bankruptcy

It makes sense to me that clients ask questions about obtaining credit cards after filing bankruptcy. After all, a credit card is a great resource for emergency situations, and the reality of life is we don’t always have money on hand that…

Bankruptcy Requirements In North Carolina

One of the things I enjoy most about practicing bankruptcy law is that most clients have no problem meeting the requirements for filing bankruptcy. When clients realize this, the relief I see on their faces, or hear on the other end of the phone…
Chris Layton

Debt Settlement or Bankruptcy

Many of my conversations with bankruptcy clients begin as discussions about potential debt settlement. Clients have a desire not only to avoid bankruptcy if possible, but also to repay whatever amount of their debt they are able, through debt…
Chris Layton

How Does Bankruptcy Affect My Spouse?

Generally speaking, your bankruptcy will not affect your spouse. In some instances, on joint debt, your spouse may benefit from the automatic stay in bankruptcy, but otherwise, your spouse will not be affected.Credit ScoreFiling bankruptcy…
Chris Layton

The Costs of Bankruptcy

Any good bankruptcy attorney should make sure to have a conversation with you about bankruptcy costs. As a bankruptcy attorney in Charlotte, I spend a good bit of time each day speaking with individuals trying to decide whether to file bankruptcy.…
Chris Layton

Preferences In Bankruptcy

Prior to filing a bankruptcy, you have to disclose any payments you’ve made to creditors over the last 90 days, totaling over $600.00. The reason for this requirement is that the bankruptcy court wants to be sure one creditor hasn’t received…
Chris Layton

Bankruptcy and Property Transfers

First, it’s important to know that intentionally defrauding your creditors by transferring property can result in the bankruptcy court denying your discharge. That being said, there are many valid reasons and conditions for transferring property—if…
Chris Layton

Missing Payments In Chapter 13

It is not uncommon for clients to miss a Chapter 13 payment for one reason or another. Just because you’re in a bankruptcy doesn’t mean life stops throwing you curve balls. Clients often have vehicle repairs that need to be done, or emergency…