Articles & Resources
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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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.…
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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…
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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…
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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…
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