Bankruptcy Articles
We Keep You Informed.
Your Bankruptcy Resource Center
Get the facts on bankruptcy, including types, qualifications, and what to expect in the process.
Bankruptcy Law Is Needs Based
Thru the years since 1800, the bankruptcy laws have changed. Today, the stated purposes of the bankruptcy laws is to give the debtor a new beginning in life by discharging debts. One of the most radical changes in the Bankruptcy laws occurred in 2005. This [...]
Chapter 7 Bankruptcy in Wilmington NC – 7 Steps
1st Step – Paperwork If you are looking at filing Chapter 7 in Wilmington NC, you must complete the paperwork to get your case started the right way. The paperwork is needed so that your attorney can determine if a Chapter 7 is [...]
Chapter 13 Bankruptcy – 10 Steps
There are 10 basic steps involved in a Chapter 13 case. After collecting the appropriate information, your Wilmington bankruptcy attorney will determine if Chapter 13 is appropriate. 1st Step – Paperwork You must complete the paperwork to get your case started the right way. The [...]
Chapter 13 Plan Requirements
Chapter 13 Plan Requirements – What a Chapter 13 Plan Must Do Many things can be done within a Chapter 13 plan in an effort to reorganize and even discharge debts. However, there are certain things that a Chapter 13 plan must do. Chapter 13 [...]
What Chapter 13 Plans May Do
In addition to the required Chapter 13 plan provisions, the law also lays out the things that Chapter 13 plans may provide for:A plan may classify unsecured claims, as long as the plan treats each claim within a particular class the same. 11 U.S.C.A. Section [...]
The Bankruptcy Estate
When you file a bankruptcy case in Wilmington, an estate is created to be administered by the bankruptcy trustee. The trustee represents your bankruptcy estate as a separate entity. For Chapter 7 cases, the trustee has an interest in your bankruptcy estate not just because [...]
