Category: Bankruptcy Law
When your Chapter 7 Bankruptcy Lawyers file your Chapter 7 bankruptcy, your creditors (the businesses and people that you owe money to) are legally prohibited from trying to collect most kinds of debt from you. As your Chapter 7 Bankruptcy…
The basic definition of your current monthly income Chapter 7 is that it is your average monthly income over the six months preceding the filing of your chapter 7 bankruptcy. In other words, we are talking about your average income…
Current monthly income is important to determine early in your Chapter 7 bankruptcy process because it is a crucial element in determining if you qualify to file a Chapter 7 Bankruptcy. This income figure is one of the most important…
The basic definition of real property is that real property is anything that is attached to the land. The most common real property dealt with in chapter 7 bankruptcy is your house, but it could also include such things as vacation homes,…
The most important thing to remember when meeting with your attorney for the first time is that you are only hurting your Chapter 7 Bankruptcy case if you are not open and honest with your attorney. Your attorney needs to…
As in all legal proceedings, there are a lot of titles that can be confusing to the non-lawyer. It is important to know who the titles refer to so that you can understand who is involved in your chapter 7 bankruptcy….
The main difference between these two kinds of bankruptcy is how your debt is discharged. In a Chapter 13 bankruptcy, you restructure and reduce the total amount of your debt; however, you make payments on your debts over a three…
Today’s Durham Attorney and Greensboro Attorney blog post is going to give an overview of the Federal Debt Collection Practices Act (the FDCPA). The FDCPA, unlike the North Carolina Debt Collection Act (though there is a North Carolina Debt Collection Agency Act that is similar to the FDCPA), does…
For many potential Greensboro or Durham Chapter 7 Bankruptcy debtors, one of their largest assets is the debtor’s retirement plan. Many individuals in North Carolina have worked at the same job for a number of years, contributed to their retirement,…
Within 20 to 40 days after your file your Greensboro Chapter 7 Bankruptcy or Durham Chapter 7 Bankruptcy, a meeting of creditors is held. The purpose of the creditors meeting is for you the debtor to provide information to all of the creditors…
