On behalf of Janvier Law Firm, PLLC | Apr 28, 2020 | Chapter 7 Bankruptcy
North Carolina residents who are struggling to pay off credit card balances and other bills may have heard of the “debt-snowball” approach made popular by the finance guru David Ramsey. Following a snowball plan involves applying all available funds to the card or...
On behalf of Janvier Law Firm, PLLC | Apr 13, 2020 | Chapter 7 Bankruptcy
For many people in North Carolina, Chapter 7 bankruptcy can offer a route out of a difficult financial situation. People have the opportunity for debt relief through the liquidation of their assets, and their creditors can claim proceeds from the bankruptcy estate in...
On behalf of Janvier Law Firm, PLLC | Mar 27, 2020 | Chapter 7 Bankruptcy
In North Carolina, those who consider filing for bankruptcy may be told that the long-term impact of their filing is that they will have trouble finding a new job or even keeping the one that they have. However, new research shows that this may not be as much a cause...
On behalf of Janvier Law Firm, PLLC | Mar 2, 2020 | Chapter 7 Bankruptcy
If a debtor is granted an automatic stay in a North Carolina bankruptcy case, creditors must stop all collection activities. This means that they cannot follow through with a lawsuit, garnish wages or take any other action prohibited by the stay. In some cases,...
On behalf of Janvier Law Firm, PLLC | Feb 7, 2020 | Chapter 7 Bankruptcy
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...
On behalf of Janvier Law Firm, PLLC | Feb 5, 2020 | Chapter 7 Bankruptcy
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...
On behalf of Janvier Law Firm, PLLC | Jan 6, 2020 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
Households in North Carolina are being pushed to the financial brink right now as a large proportion of the population has either lost their job or had their wages cut. Bankruptcy may end up being the only way out for many who end up overcome by debt. Fortunately,...
On behalf of Janvier Law Firm, PLLC | Dec 13, 2019 | Chapter 7 Bankruptcy
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...
On behalf of Janvier Law Firm, PLLC | Nov 15, 2019 | Chapter 7 Bankruptcy
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...
On behalf of Janvier Law Firm, PLLC | Oct 18, 2019 | Chapter 7 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...
