In a chapter 13 case, you are required to make monthly payments to a chapter 13 trustee who will take your money and distribute it to your creditors according to a plan approved by the bankruptcy court. Typically, people would choose to file a chapter 13 in order to save a house from foreclosure; try to [...]
Adrian Lapas, Eastern North Carolina Bankruptcy Attorney
As we start a new year, it is a good time to set some new financial goals. In particular, the goal of reducing debt or eliminating your dependence on debt should be everyone’s goal. So, how do we get started? First, you need to know what your debts are. As one financial talking head stated, [...]
On November 5, 2010, the North Carolina Supreme Court issued its opinion in Kinlaw v. Harris, (2010 WL 4368438). In Kinlaw, a judgment creditor obtained a judgment against Harris for a large sum of money. The judgment creditor then issued process against Harris to pay the judgment from Harris’ assets including two Individual Retirement Accounts [...]
Just watch television for a short amount of time and you will see several commercials promising to rid you of credit card debt. Are these sales pitches scams? We at Bankruptcy Law Network have blogged extensively (click here, here, and here) about these types of companies. Of course, other sites have likewise called these companies methods and [...]
If I Was Overpaid Unemployment Benefits And The State Wants Me To Pay It Back! Will Bankruptcy Help?
I was watching the news recently and it caught my attention that the State of North Carolina says that it had paid lots of people more than it should have in unemployment benefits. Because of this, the State will seek to recover the amount that it claims it overpaid. See article here. If you were receiving unemployment and the State says you were [...]
Many times people come into my office and want to file a chapter 7 but they are worried about losing their home in bankruptcy. Often, this fear probably means they have delayed seeking some advice for a very long time. In most instances, the chapter 7 trustee is not going to sell your home to [...]
