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.
The Emotional and Financial Benefits of Filing for Bankruptcy
For many people, the thought of filing for bankruptcy is overwhelming. It’s a decision often weighed down by misconceptions, fear, and uncertainty. However, for those struggling with unmanageable debt, bankruptcy can be a lifeline, a legal process designed to provide relief and a fresh [...]
Frequently Asked Questions for Bankruptcy Cases
What do I bring to the bankruptcy appointment or interview with the lawyer?You need to bring documents to show your assets and liabilities: deeds, leases or land contracts; motor vehicle titles; insurance policies, income tax returns for the past two years, stock certificates, bonds, Social [...]
Required Notices to Consumer Debtors:
1.We Are A Debt Relief Agency WE ARE A DEBT RELIEF AGENCY. WE HELP PEOPLE FILE FOR RELIEF UNDER THE BANKRUPTCY CODE. 2. You Must Complete a Credit Counseling Session and a Financial Management Session FORM 201A: NOTICE TO CONSUMER DEBTORS UNDER SECTION 342(b) [...]
DO IT YOURSELF BANKRUPTCY?
Chapter 7 Bankruptcy: Not A Do-It-Yourself Opportunity Nobody wants to file for bankruptcy. But sometimes, after reviewing your circumstances, it may be the best choice if you wish to move forward with your dire financial situation. The problem is filing for bankruptcy can be expensive [...]
Issues That Can Come Up:
You have already filed for Bankruptcy beforeYou are a new resident of North CarolinaSomeone is threatening to take your home – Not all creditors are entitled to take your house (who holds the Deed of Trust). Do not file a Chapter 7 if you are [...]
Means Test: Do You Qualify For A Ch 7?
The means test is the Bankruptcy Court’s way of enforcing “needs based” bankruptcy (only those who truly need a Ch 7 will be allowed to file Ch7). The means test has two functions: It serves as a screener to determine whether a debtor will be [...]
