Articles & Resources
When financial pressures mount and creditors start calling, many North Carolina residents ask themselves a frightening question: “Can I go to jail for not paying my debts?” This fear, while understandable, is often based on misconceptions about how debt collection works in the United States. Understanding your rights as a debtor can help reduce anxiety…
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For many North Carolina families facing financial hardship, the family home represents more than just shelter – it’s the foundation of stability, the center of memories, and often the largest investment they’ve ever made. When overwhelming debt forces you to consider bankruptcy, one of the most pressing concerns is whether you’ll be able to keep…
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When financial pressure mounts and your business faces overwhelming debt, the thought of bankruptcy can feel like the end of everything you’ve worked to build. Many business owners assume that filing for bankruptcy means closing their doors permanently. This common misconception prevents countless entrepreneurs from exploring what could be the very solution that saves their…
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When overwhelming debt threatens your financial stability, the promise of a quick fix can seem irresistible. Debt settlement companies flood the internet and airwaves with advertisements promising to reduce your debt by 50% or more, often claiming they can make your financial problems disappear for a modest monthly fee. Unfortunately, these promises rarely deliver the…
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When your business faces financial challenges, the path forward may seem unclear. Should you consider formal bankruptcy protection, or would a restructuring outside of bankruptcy better serve your company’s needs? Understanding the differences between these approaches can help you make an informed decision that protects your business and stakeholders. At Biggs Law Firm, we’ve guided…
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When your business faces overwhelming debt, Chapter 11 bankruptcy can provide the breathing room needed to restructure and emerge stronger. The heart of any successful Chapter 11 case lies in developing and gaining approval for your plan of reorganization. A Chapter 11 plan of reorganization serves as your business’s blueprint for financial recovery. This document…
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When government entities or public utilities need private property for public projects, they can use eminent domain powers to acquire that property through condemnation proceedings. While property owners receive compensation, the financial impact on businesses can be far more complex than many realize. Understanding how condemnation affects your company’s financial health can help you navigate…
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For many North Carolinians facing financial hardship, their home represents not just their largest financial asset, but also stability and security for themselves and their families. One of the most common concerns we hear from clients considering bankruptcy is, “Will I lose my house?” The good news is that in most cases, you can keep…
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When facing financial difficulties, most people focus solely on immediate concerns – paying bills, managing debt collectors, and keeping a roof over their heads. However, at Biggs Law Firm, we believe in looking at the bigger picture. Financial challenges don’t just affect your present; they can significantly impact your future and the legacy you hope…
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Can filing for bankruptcy actually wipe out your tax debt? For many people, the idea sounds too good to be true – until they learn the details. Tax debt can feel overwhelming, especially when combined with other financial burdens like credit cards, loans, or medical bills. But under the right conditions, bankruptcy might offer a…
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