Everybody knows that they can discharge debts in a bankruptcy case. What fewer people know is that a Chapter 7 or Chapter 13 case also has the positive effect of protecting essential assets. A bankruptcy case, however, cannot protect what you have given away, sold, or used up. If you are one of those potential…
Under bankruptcy statute 11 USC 1326(a), the first Chapter 13 plan payment is due within 30 days of filing a case. By timing when you file a case properly, we can sometimes avoid making a month of mortgage payments or car payments in order to improve your household’s cash flow. In short, by skipping a…
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…
North Carolina laws allow a person to protect certain property from creditors. Generally speaking, exemptions in bankruptcy define what property a person gets to keep in a Chapter 7 bankruptcy case. In a Chapter 13, exemptions are important as well because they help determine how much money needs to be paid to unsecured creditors. Currently,…
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…
The most frequent question I get asked at my bankruptcy law firm in Asheville, North Carolina office is a good one: What types of debt will be discharged in my bankruptcy case? In Chapter 7, most people are able to keep all of their belongings, and eliminate the following types of debt: 1. Credit Card…
My bankruptcy law office in Asheville, North Carolina stays busy. Almost every day I meet with clients or potential clients scared of filing a bankruptcy case because the process for filing Chapter 7 or Chapter 13 feels daunting to them. Usually, I respond by saying, “Your bankruptcy case will be relatively simple. The key to…
As a bankruptcy lawyer in Asheville, NC, I am troubled by the rising student loan debt our country is facing. Bankruptcy laws seem insufficient in many cases because most of the time a student loan debt cannot be discharged in a Chapter 7 or Chapter 13 bankruptcy. My best advice for someone to struggling with…
Many potential bankruptcy clients near Asheville come to see me about hiring me as their bankruptcy attorney as a last resort. They thought financial difficulty would never happen to them, and they have tried just about everything to avoid seeing a lawyer. This USA Today article explains how the recession is the culprit for many…
As an Asheville bankruptcy lawyer, when I tell people about the costs of a bankruptcy filing, I get some strange looks. Most people who need a bankruptcy filing do not have extra money lying around ready to be spent on paying a bankruptcy attorney. Here is a great article about a recent bankruptcy study which…