As an Asheville bankruptcy lawyer, I frequently advise people against filing a bankruptcy case when they have recently paid back a relative or family member.Making gifts or large payments to family members on the eve of bankruptcy can limit your debt relief options.Much better results can be achieved by filing a bankruptcy case first, and…
As an Asheville bankruptcy lawyer, I ask clients all the time whether they have any retirement savings. All too often, I hear, “Not anymore.” North Carolina’s exemption laws, and federal exemption laws, protect money in a retirement account from creditor levies or liens.This is a reason why lawsuits and court proceedings are inefficient for creditors…
In my Asheville, NC bankruptcy law practice, I meet with people daily who have damaged credit scores.Their scores have typically been weighed down by 30 and 60 day late payments being reported by their creditors month after month.Although a bankruptcy filing is a negative which stays on your credit report for 10 years, it will…
Potential clients in my Asheville NC bankruptcy practice almost always ask about options for their car. If you file a Chapter 7 bankruptcy case, and currently owe money on your car, you are entitled under the Bankruptcy Code to reaffirm, redeem, or surrender the car. Most frequently, however, I advise clients to consider a 4thoption,…