Posts by biggslawfirm

Bankruptcy is a word that often sparks fear, especially for small business owners who have poured time, money, and passion into their ventures. The idea of losing everything or permanently damaging financial credibility can be overwhelming. However, many of the common beliefs surrounding bankruptcy for small business owners are based on myths rather than reality.…

Have you ever wondered what happens when money problems end up in court? Imagine spending years fighting a legal battle, only for one filing to change everything. What if someone in the case suddenly files for bankruptcy? Could that stop the lawsuit in its tracks? Many financial disputes become complicated when bankruptcy gets involved. In…

A Fresh Start Without Losing Everything Facing overwhelming debt can feel like you’re trapped with no way out. The fear of losing your home, car, or other valuable assets might make you hesitate to take action. But what if there was a way to regain control of your finances without giving up everything you’ve worked…

Filing for bankruptcy can feel overwhelming, but you don’t have to navigate it alone. For individuals and businesses in financial distress, understanding the bankruptcy process can help you regain control of your finances. However, this process is more than just paperwork—it involves strategic decisions that can shape your financial future. What role does a North…

Is financial hardship keeping you up at night? Whether you’re a small business owner facing mounting debts or an individual struggling to make ends meet, bankruptcy might offer the lifeline you need to regain stability.  Understanding how bankruptcy works and its potential benefits can help you make informed decisions about your financial future. What Is…

Is your small business in North Carolina struggling to stay afloat financially? Economic challenges, market fluctuations, or unforeseen events can push even the most resilient businesses into tough financial waters.  Bankruptcy is often misunderstood as a sign of failure, but it can actually provide a fresh start or a pathway to regain financial stability. Understanding…

What happens when a business can no longer stay afloat? Chapter 7 bankruptcy often feels like the last resort—but it’s also a lifeline. It allows businesses overwhelmed by debt to liquidate their assets and provide closure to financial chaos. Did you know that in 2024, business bankruptcy filings surged by 16.2%, highlighting the growing challenges…

Are you tired of constantly receiving phone calls and letters from creditors? Is your debt growing instead of shrinking every month and making it more difficult to keep up with paying your bills? You might benefit from filing for bankruptcy. A trusted bankruptcy attorney will help you decide whether filing for Chapter 7 or Chapter…

Nearly 7,500 individuals and businesses file for bankruptcy in North Carolina each year, about one-third of whom are Chapter 7 bankruptcy filers. Chapter 7 bankruptcy enables individuals to seek fresh starts by helping them eliminate unmanageable debts. If you’re facing financial hardships and looking for a way out, filing for this type of bankruptcy might…