Raleigh Bankruptcy Law Blog

The Consumer Financial Protection Bureau (CFPB) has issued a new rule aimed at updating and clarifying the Fair Debt Collection Practices Act (FDCPA). After it takes effect, debt collectors in North Carolina and throughout the country will be allowed to contact...

For most business owners in North Carolina, filing for Chapter 7 bankruptcy might seem like the best option when they can't get ahead of their business debts. However, many people don't realize that they can file for Chapter 13 bankruptcy. While businesses aren't...

When an individual in North Carolina files for bankruptcy, it can be extremely difficult to discharge their student loans. To get rid of their student loans, the individual must prove that they've suffered from "undue hardship" that makes it impossible for them to pay...

The number one goal for most companies in North Carolina is to remain in the green, but there comes a time with certain businesses where that is simply not possible. Failure to launch innovative products, mismanagement or simply a downturn in the economy will cause a...

Residents of North Carolina may have heard that the stationary bike company Flywheel filed for bankruptcy after suffering from multiple losses and drawbacks in the past few years. In September 2018, competitor brand Peloton sued Flywheel for allegedly stealing the...

The restaurant industry seems like a business sector with a certain level of stability. However, not every franchise, chain or business collective does well all the time. In North Carolina, K&W Cafeterias announced it would file for bankruptcy in September. The...

If you want to keep your North Carolina home or other property, you may want to consider filing for Chapter 13 bankruptcy. However, if you can't keep up with the plan payments, you may want to convert a Chapter 13 to a Chapter 7 filing. Do you qualify for Chapter 7...

For many struggling businesses in North Carolina, filing for bankruptcy might seem like the only option. However, the process can put business assets, like real estate, at risk. An individual will have to make full mortgage payments to his or her lender, and if he or...

For individuals who are facing financial hardships in North Carolina or across the U.S., a bankruptcy means test can determine whether they can obtain debt forgiveness through filing for Chapter 7 bankruptcy. By evaluating an individual's income, expenses, and taking...

After filing for bankruptcy in 2018, Remington Arms is again filing for Chapter II protection. Despite an estimated 400% surge in gun sales this year, the North Carolina gun maker is struggling after sales negotiations broke down between Remington and the Navajo...