When people come to see me at my Asheville NC office, and are behind on their mortgage or car payments, one option we will discuss is a Chapter 13 bankruptcy (we’ll also talk about Chapter 7). We can reduce your monthly expenses in Chapter 13 by paying your ‘disposable income’ to creditors in a repayment…
A motion for relief from stay is a request by a creditor for the Bankruptcy Court to grant permission for them to pursue collection actions such as foreclosures, repossessions, etc. There are a couple reasons such requests are granted: failure to make payment, a client has decided to surrender the property in the bankruptcy, or…
We have finally received some good news in the job market: Unemployment Rate Drops. Most people who make an appointment with an Asheville bankruptcy attorney think that bankruptcy is a process designed to help the poorest of the poor. Not true. I generally do not recommend a bankruptcy filing unless, if all your medical and…
If you are behind on your mortgage payments, filing bankruptcy may help you save your home. The key factor to consider is whether you would be able to make payments going forward if you were not behind today. With a Chapter 13 Bankruptcy filing, all foreclosure actions must be stopped. In Chapter 13, you will…
Bankruptcy FAQ – Do successful people file bankruptcy? Yes! The whole point of bankruptcy is to help people recover from difficulty and find financial success. Many famous people have suffered economic setbacks and have had to file for bankruptcy protection either personally or for their business. The list of such individuals is very long and…
It is your choice, not your attorney’s choice, which type of bankruptcy to file. There are advantages and disadvantages to each which your attorney can go over with you. It depends on what you want to accomplish. Here are some things to consider when making your decision: Chapter 7 Bankruptcy gives you a second chance…