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Bankruptcy and taxes

Bankruptcy And Taxes

Bankruptcy and Taxes If you are considering filing bankruptcy, you may be interested in determining how income taxes are addressed in a bankruptcy filing. In order to determine how bankruptcy affects taxes, you must know the original due date…
bankruptcy and covid-19

Bankruptcy Is Not A Four Letter Word

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Bankruptcy Is Not A Four Letter Word Currently, both bankruptcy and Covid-19 are spreading quickly. As we begin to see Fortune 500 companies file for bankruptcy due to Covid-19, it is a great time to remind ourselves that bankruptcy can be…
Small Business Bankruptcy

Small Business Bankruptcy

Small Business Bankruptcy Filing a small business bankruptcy in North Carolina will relieve you of your personal obligations on business debt. Your business entity will still be liable for the debt. As a result, for most small businesses, a…
Does Bankruptcy Ruin Your Credit

Does Bankruptcy Ruin Your Credit?

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Does Bankruptcy Ruin Your Credit? No, bankruptcy does not ruin your credit. In fact, bankruptcy may ultimately be the reason you are finally able to restore your credit. We understand your credit score is an important factor in deciding whether…
When Is The Right Time To File Bankruptcy

When Is The Right Time To File Bankruptcy?

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When Is The Right Time To File Bankruptcy? The short answer is that most people wait too long to file bankruptcy. The right time to file is before you have thrown thousands of dollars away on large debt. The right time to file bankruptcy is…
When Is The Right Time To File Bankruptcy

Emergency Bankruptcy To Stop Foreclosure

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Emergency Bankruptcy To Stop Foreclosure Yes, you can file an emergency bankruptcy to stop a foreclosure. If you’re behind on your mortgage and your mortgage lender is about to sell your home in foreclosure, a Chapter 13 bankruptcy filing…
Small Business Bankruptcy

Filing A Small Business Bankruptcy

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Filing A Small Business Bankruptcy Filing a small business bankruptcy in North Carolina is an endeavor which will relieve you of your personal obligations on business debt. For most small businesses, a Chapter 7 or Chapter 13 combined with…
What to expect after filing bankruptcy

What To Expect After Filing Bankruptcy

What To Expect After Filing Bankruptcy When you file bankruptcy, you should feel an instant sense of relief. Your bankruptcy attorney has filed the paperwork, and the court has sent out notices of the filing to your creditors. The Automatic…
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…
Credit cards to help build credit

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…