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

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…
Chris Layton

IRA or Retirement Withdrawals in Bankruptcy

One critical part of qualifying for bankruptcy in Charlotte, North Carolina is disclosing to the court your average income over the past six months, as well as your Current Monthly Income. Many individuals filing for Chapter 7 or Chapter 13…
Chris Layton

Can I File Bankruptcy in Charlotte, North Carolina?

As a Charlotte bankruptcy attorney, that’s a question I get asked quite often. Charlotte, North Carolina has a divisional federal bankruptcy as part of the Western District of North Carolina. In order to file bankruptcy in the Charlotte, North…
Chris Layton

Elderly Bankruptcy Options

A recent New York Times article regarding elderly bankruptcy makes some important points for those entering their ‘twilight years’ while facing financial difficulty.While there are no special considerations given to the elderly or senior…
Chris Layton

Can I Keep My Home In Bankruptcy

Yes. In fact, while you can most often keep a home in a Chapter 7 bankruptcy, a Chapter 13 bankruptcy has as one of its best qualities, the ability to get ‘caught up’ on your mortgage over time.My Home In Chapter 7In a Chapter 7…
Chris Layton

Tax Returns and Bankruptcy

It’s that time of year again. My office receives numerous emails and phone calls each week specifically asking about tax returns and bankruptcy. Mainly, clients want to know whether they can file bankruptcy prior to getting a tax refund, and…
Chris Layton

Exemptions In Bankruptcy

Exemptions in bankruptcy are used to protect property that the client owns or recently sold or transferred. Planning to use exemptions in bankruptcy may dictate waiting a little bit to file, depending upon the value of the asset or the type…
Chris Layton

Keeping Your Car In Bankruptcy

Keeping your car in bankruptcy is important, especially if it’s a reliable car and you’re looking forward to the day you pay it off. Fortunately, the rules of bankruptcy typically allow for you to keep your vehicle and successfully file…