Raleigh Bankruptcy Law Blog
An overview of business bankruptcy options
North Carolina companies that are looking for debt relief may choose to file for either Chapter 7 or Chapter 11 bankruptcy. Those that seek Chapter 7 relief generally have most of their assets liquidated by the trustee and then cease operations. Businesses that file...
Chapter 7 liquidation planned for movie ticket service MoviePass
Entrepreneurs in North Carolina know that running a business always involves taking risks. For the movie ticket subscription service MoviePass, its parent company Helios and affiliate Matheson Analytics, the odds against them proved too high to overcome. After a...
Tips for avoiding medical debt
North Carolina residents who are struggling with medical debt are not alone. According to one 2018 study, over 15% of people have at least one medical bill on their credit report that is past due. A 2019 study that appeared in the Journal of General Internal Medicine...
Am I eligible to file for Chapter 7 bankruptcy?
Deciding to file for bankruptcy is a big decision, and it can cause anxiety, stress and fear. But in the long run, bankruptcy is an opportunity for you to tackle your debts and attain a fresh financial start.Chapter 7 bankruptcy is just one available option for those...
Raleigh movie theater files for bankruptcy protection
Chapter 7 bankruptcy is available to businesses and consumers alike when they need debt relief. A movie theater in Raleigh recently filed for bankruptcy protection. The movie theater, opened in 1993, was one of Raleigh's first dine-in cinemas which allowed patrons to...
Can I get hep repaying debts over time?
Chapter 13 bankruptcy, sometimes referred to as wage earner's bankruptcy, is a personal bankruptcy option that can help struggling consumers repay their debts over time. Because of the potential benefits of Chapter 13 bankruptcy, struggling consumers considering...
Personal bankruptcy protections can help with the strain of debt
Though the bankruptcy process can be emotionally challenging, struggling with overwhelming debt with no resources to help can cause a great amount of emotional strain as well. Fortunately, personal bankruptcy protections are available to help consumers who are...
Bankruptcy help with foreclosures for struggling homeowners
Struggling consumers may be able to enjoy relief from foreclosure through personal bankruptcy protection options they should be familiar with. Chapter 13 bankruptcy may help a struggling homeowner get current on their mortgage payment and reorganize their debt so they...
What is bankruptcy?
This blog talks a lot about bankruptcy but it might be helpful to ask what bankruptcy is. It is certainly important for those struggling with debt to understand what bankruptcy is and how it can help them. For struggling consumers considering bankruptcy, it is also...
Credit card debt continues to rise in the U.S.
The average American has four credit cards with an unpaid balance of more than $6,000, according to the most recent data from the Consumer Financial Protection Bureau (CFPB). Total credit card debt in the United States reached $868 billion by the halfway point of...
