If you are a small business owner in North Carolina, you know that it is impossible to predict everything that will affect your company. Changes in government regulations, natural disasters, and trends in customer buying habits may leave you in a financial bind. If...

Filing for bankruptcy may make it possible to eliminate credit card, medical or other types of debts in a matter of months. In some cases, it might be possible to obtain protection from creditors without relinquishing any of your property. Let's take a closer look at...

If you don't believe that you can afford to repay a medical debt in a timely manner, it may be a good idea to consider filing for bankruptcy. As a general rule, it can be discharged in both a Chapter 7 or Chapter 13 proceeding. The facts in your given case will...

Student loan debt commonly tops five to six figures and can get impossible to pay. Consumers in Raleigh, NC, have the option of bankruptcy for relieving the burden of certain exempt debts. However, many types of debts get different treatment in bankruptcy, including...

If you are struggling to pay medical, credit card or other types of debts, it may be in your best interest to file for Chapter 7 bankruptcy. In most cases, an automatic stay will be put into place after your bankruptcy petition has been presented to a North Carolina...

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...

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...

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...