Consumers in Raleigh, North Carolina, may turn to bankruptcy when faced with debt that has gotten out of control. For some people, an unexpected pileup of debt happens more than once. Individuals may wonder if they are allowed to refile for bankruptcy and how soon...
When small businesses in North Carolina face financial issues to the extent that they are unable to pay their debts, bankruptcy can be an important option to find debt relief and move forward toward a different financial future. However, small business owners may be...
If you file for bankruptcy in North Carolina, you will typically receive an automatic stay of creditor collection activities. However, this doesn't mean that your creditors will abide by the terms of the stay. Take a closer look at what may happen if a violation...
Understanding the basics of bankruptcy in North Carolina is vital for everyone. It could be a lifesaver or at least give you solace when you are drowning in debt or trying to get compensated as a creditor during a legal battle. Let us look at the basics of bankruptcy...
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...
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...
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...
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...
