Articles & Resources
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…
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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…
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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…
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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…
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Filing for bankruptcy is a reality for many farmers in these uncertain financial times, but the process raises many questions. Will you lose the farm? Can you keep your animals and equipment? What happens to your business after you file for debt relief? Bankruptcy comes in many forms and agreement structures, all with varying policies.…
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The divorce process is already complicated enough. After months of negotiations, you finally settle on an agreement, finalizing who will keep the house, alimony payments, child custody, etc. A few months or even years later, though, you find out that your ex has filed for bankruptcy, and suddenly, you’re on the hook for far more…
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Filing for divorce is a life-changing event. If you suffer some other setbacks during the proceedings, you may need to consider filing for bankruptcy while getting divorced. You might be unsure how this works, though. Typically the automatic stay goes into effect if you file bankruptcy. However, the automatic stay specifically except proceedings to enter…
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Nearly 5,000 American businesses file for Chapter 11 bankruptcy each year. This includes big-name companies like Bed Bath & Beyond and much smaller mom-and-pop operations. From the outside looking in, filing for bankruptcy might seem like it would doom a company and even put it out of business for good. But in reality, it may help…
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According to the Administrative Office of the U.S. Courts, bankruptcy filings increased by almost 17% from 2022 to 2023. Nearly 388,000 bankruptcies were filed in 2022, compared to about 453,000 in 2023. Around 434,000 of these bankruptcy filings were connected to consumer debt. Is filing for consumer bankruptcy in your future? If so, make sure you know…
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Filing for a Domestic Violence Protection Order in North Carolina offers legal protection against an abuser. Many victims of domestic violence assume they won’t qualify for a protective order or that the process will be arduous. In reality, these court orders are relatively straightforward and can provide immense peace of mind. Basic Qualifications for a…
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