Business owners in North Carolina face many challenges that can put their companies at risk. Financial difficulties can become overwhelming, making it hard to pay bills and manage debts. Chapter 11 bankruptcy might offer a solution for those looking to reorganize and...
Facing overwhelming debt can feel like navigating through a dense forest with no clear path ahead. In North Carolina, Chapter 7 bankruptcy offers individuals a way out of this financial thicket by liquidating assets to pay off debts. Understanding the process and...
The U.S. Bankruptcy Court Middle District of North Carolina reported in September 2023 a total of one filing for Wayne County. The state had 147 cases, with Chapter 13 being the most common. Filing for bankruptcy can be a challenging and overwhelming process, and one...
Random audits of bankruptcy cases to resume
A bankruptcy lawyer can explain how bankruptcy case help and what not to do prior to filing your case.
Over the years, I've received plenty of calls from clients who received a Form 1099-C Cancellation of Debt from a creditor that was included in the client's bankruptcy case. Obviously, the client is a bit concerned because the Form 1099-C says that the amount of the...