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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…
Bankruptcy and your car

What Happens To My Car In Bankruptcy?

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What Happens To My Car In Bankruptcy? If you own a car or lease a car, you will need to decide what happens to your car in bankruptcy. You have the choice to keep your car and the debt associated with it, or you can choose to surrender the…
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…
should i file bankruptcy or just not pay

Should I File Bankruptcy Or Just Not Pay?

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Should I File Bankruptcy Or Just Not Pay? If you are overwhelmed by credit card debt or medical bills, you may be considering Chapter 7 or Chapter 13 bankruptcy. Or, you may be considering simply not paying. Here’s why bankruptcy is the best…
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…
What is my personal injury claim worth

5 Myths Surrounding Bankruptcy

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5 Myths Surrounding Bankruptcy Bankruptcy is surrounded by myths, and they keep eligible individuals from pursuing what can be an amazing way out of crippling debt and financial stress. You deserve freedom from the anxiety caused by the myths…
Does Bankruptcy Ruin Your Credit

Discharging Student Loans In 2019

Discharging Student Loans in 2019 I have created a Google Alert for Student Loan Crisis. Every day my inbox tells me about one or another tales of how unpayable student loans are the key stressors for Millenials and Generation Z. One of the…
Bankruptcy and taxes

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…