Raleigh Bankruptcy Law Blog

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...

If a creditor obtains a judgment against you, there is a chance that your wages may be garnished. There is also a chance that you will be required to pay fees and interest on top of the principal balance owed. However, there are steps that you can take that may...

Filing for bankruptcy in North Carolina is a common solution for individuals who cannot pay their debts. But after filing for bankruptcy, many people are left wondering whether they will be able to qualify for a mortgage. There are two main types of bankruptcy that an...

One of the most common reasons people in North Carolina face financial challenges is through medical debt. Illness, injury or a condition might make it necessary to get extensive medical treatment. This often happens without warning and may result in exorbitant bills....

Chapter 11 bankruptcy may provide companies in North Carolina and throughout the country with an opportunity to eliminate or restructure debts. It may also provide a framework for dealing with lawsuits or for an organization to secure financing to execute its...

On average, households in North Carolina and throughout America have $15,000 in credit card debt. If you are trying to reduce or eliminate your credit card debt, there are many steps that you can take to achieve this goal. Credit counselors and others may be available...