The process of filing for commercial bankruptcy in North Carolina depends on what type of bankruptcy you choose. There are options for all types of business structures, including sole proprietorships. Farmers and fishers also have a special type of bankruptcy they can...
North Carolina businesses that are unable to repay the debts that they've accumulated may consider filing for bankruptcy. There are many different types of bankruptcy that a business may file for. Businesses that file for Chapter 11 bankruptcy are considered debtors...
If you're going through financial difficulties in North Carolina, you have options. One option to consider is filing for bankruptcy. But, before doing that, it's imperative to learn if Chapter 7 bankruptcy is right for you. With that in mind, not everyone can qualify...
Many North Carolina businesses rely on unsecured credit to finance their operations. Businesses that cannot make their loan and credit card payments might use the bankruptcy process to discharge their unsecured debts. However, the type of bankruptcy that might be...
A consumer in Raleigh, NC, can file several kinds of bankruptcy for debt relief when debts get out of control. Many debtors and businesses file Chapter7, a liquidation bankruptcy, or Chapter 13, which reorganizes debts. However, businesses that don't qualify for...
Each state has its own bankruptcy laws, so you need to know how a personal bankruptcy works in North Carolina. Some states allow you to choose whether you follow federal or state guidelines for nonexempt assets. North Carolina observes both lists of exempt assets as...
Some North Carolina residents who are dealing with unmanageable debt might be worried about filing for Chapter 7 bankruptcy because of their belief that they will lose everything they own. However, people who file for bankruptcy are able to claim exemptions for...
A North Carolina small business has a number of options available when in need of bankruptcy protection. One of these options is to pursue what is known as Chapter 11 bankruptcy. There are a number of requirements associated with bankruptcy in the commercial sector....
When debtors in North Carolina see no way out of debts, they may file for bankruptcy, a legal process to discharge certain unsecured debts. Some unsecured debts discharged in bankruptcy include credit card bills, payday loans, and medical debt. Many filers choose...
Chapter 11 commercial bankruptcy filings in North Carolina and other states have risen tremendously. A large portion of the businesses filing for this type of bankruptcy is considered small businesses that lack adequate capital. This particular type of bankruptcy...
