Articles Tagged with Chapter 13

Bankruptcy Lawyer Bryan W. Stone answers the question: “How do I find a bankruptcy attorney in Charlotte?”

If you are considering filing bankruptcy because you cannot pay off your debts, you need to speak with an experienced lawyer to obtain as much information as you can.

Bankruptcy Lawyer Bryan W. Stone answers the question: “What are my alternatives to bankruptcy?”

If you are deeply in debt and considering a bankruptcy filing, you may be worried about the cost of filing for bankruptcy. While bankruptcy may help you get relief from your debt, you need to make sure that you can afford the filing fees and court costs.

Bankruptcy Lawyer Bryan W. Stone answers the question: “Should I file bankruptcy?”

Filing for bankruptcy is one of the toughest financial decisions a person has to make in their life. However, in some cases, people need to file for bankruptcy not just once but multiple times.

Bankruptcy attorney Ben Tobey answering the question: What happens with lawsuits that are pending against me when I file bankruptcy?

If all those debt collector threats led to a lawsuit, you need to act quickly. If you are being sued by a debt collector, you have no time to waste. In North Carolina, a creditor only needs to prove that the debtor owes the debt in order to obtain a judgment.

Bankruptcy Lawyer Bryan W. Stone answers the question: “What is a bankruptcy discharge ?”

In March 2020, President Donald Trump signed into law the historic CARES Act in response to the COVID-19 pandemic. CARES stands for the Coronavirus Aid, Relief, and Economic Security. The Act covers unemployment and provides relief to American workers and small businesses impacted by the pandemic and government-ordered shutdowns.

Bankruptcy Lawyer Bryan W. Stone answers the question: “What is a bankruptcy discharge?”

During these unprecedented times, we decided to address some of our clients’ most frequently asked questions regarding the COVID-19 pandemic’s impact on bankruptcy cases.

Bankruptcy Lawyer Bryan W. Stone answers the question: “Does my spouse have to file bankruptcy if I do?”

A 2019 study found that divorce or separation is some of the most common reasons for filing for bankruptcy in the United States. Other reasons that drive hundreds of thousands of Americans into bankruptcy each year include unaffordable mortgages or foreclosures, spending beyond one’s means, providing financial help to friends or family members, and student loans.

Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 13 bankruptcy?”

Do not panic just because you receive a foreclosure notice. This does not mean the bank can take your house tomorrow. Most people will do whatever it takes to save their home. Depending on how far behind a homeowner falls in mortgage payments, foreclosure can be a scary process. Negotiating with the bank only works if you have money to restructure payments or modify your loan completely. However, if working out a plan like this is not an option, eventually the lender will move your account to a foreclosure status and proceed with the repossession of your home through a legal sale. Understanding your options during the foreclosure process requires the help of a skilled attorney. A Chapter 13 bankruptcy filing provides legal protection that can be leveraged in such situations.

Bankruptcy Lawyer Bryan W. Stone answers the question: “What are the pros and cons of bankruptcy?”

While the economy has recovered somewhat since the “Great Recession” and housing market crash of 2007, millions of Americans are still struggling to pay the bills. For starters, health care costs have drastically risen in the last decade as prescription medication and premiums seem to double in price every few years; fewer Americans own homes now than they did before the housing crash; and the median net worth of families today is just $97,300, which is 30% less than the average in 2007, which was $140,000, according to Vice News. If you are worried about your gloomy financial state of affairs, you should consider talking to an attorney about your best options for getting out of the hole in which you are currently stuck. Filing for bankruptcy could be the right move, or it could seriously jeopardize your future. A Charlotte bankruptcy attorney will be able to provide you with assistance today.

Bankruptcy Lawyer Bryan W. Stone answers the question: “Should I file bankruptcy?”

In any lawyer/client relationship, you have to feel comfortable with your representation. Bankruptcy is a stressful and complicated process. You should have no difficulty in asking your attorney questions, requesting explanations, and needing to go over your options during the course of your case. Strategy and filing deadlines are important in bankruptcy. For instance, the decision to file under Chapter 7 or Chapter 13 for individuals will determine the time-frame, which debts are discharged, and what kinds of property they will be able to keep.

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