As an Asheville bankruptcy attorney, I meet almost every day with someone who is behind on real estate mortgage payments. Depending on your goals, various options exist via Chapter 7 and Chapter 13 bankruptcy cases. If you want to keep the property: Chapter 13 is a type of bankruptcy designed to help you “catch-up” on…
As a bankruptcy attorney in Asheville, I frequently speak with clients frustrated by their conversations with collection callers. If you search on Google, you’ll see lots of advice about contacting creditors when you fall behind on payments. In my experience, talking with collection callers can help when you plan on resuming regular payments (and catch…
Frequently, when a person needs bankruptcy relief, the creditor calls or just managing daily finances can be overwhelming. Choosing a bankruptcy attorney can be too if you don’t know who to call. There are several great bankruptcy attorneys near Asheville, NC. In my view, asking the following questions can help determine if a specific attorney…
As a lawyer filing bankruptcy cases around Asheville, I frequently advise folks who qualify for relief against filing a case. Although achieving a discharge would be a relatively simple process for them, if they cannot make ends meet after their bankruptcy case ends, the relief will be short-lived. News arrived yesterday that 500 new jobs…
A very common question I discuss at initial bankruptcy consultations at my Asheville office is whether the IRS will treat discharged debts as income. Simple answer: No. Allow me to explain why. When someone negotiates a settlement with a credit card company, the forgiven portion of the debt is treated as income by the IRS. …
My bankruptcy law practice in Asheville allows me to meet people from all walks of life. Overwhelmingly, my clients are embarrassed to even be asking for help. I constantly remind them that a bankruptcy filing is not about the past, its about their future. The sour economy has wreaked havoc on the middle class. This…
If you are currently in or thinking about using a debt settlement program, contact a bankruptcy attorney’s office to figure out your other options during a free, initial consultation. The ads online and on television scream, whatever you do, “Don’t file a bankruptcy case!” This marketing pitch, being sold mainly by non-attorneys who are not…
Many people I meet with for a bankruptcy consultation in my Asheville NC office think filing a case is as low as you can get financially. On the contrary, the most difficult people for me to help are the ones who do not have secure employment. Sure, we could file a case for them, but…
As an Asheville bankruptcy lawyer, I speak with people everyday who worry they will lose their belongings if they eliminate their credit card and medical debts with a bankruptcy case. In over 90 percent of the cases filed, Chapter 7 bankruptcy clients keep all of their property. For cars, bankruptcy clients have four different options. …
Almost every Chapter 7 bankruptcy client I meet with expresses concern over not paying back their corporate creditors (credit card companies). Meanwhile, their family cuts back on necessary medical care, healthy food, and contributions to retirement accounts. If you are having a hard time financially and share this concern, please read this article from the…