King Law Firm Blog
Can Bankruptcy Stop Auto Repossession?
Can Bankruptcy Stop Auto Repossession? For many people, car payments are one of the most substantial expenses that they pay each month. As such, if times get rough, these payments might be skipped. Although it might make sense to do so to get other more pressing bills...
Filing Bankruptcy Over 55
Special Issues When Filing Bankruptcy When Over 55 Unfortunately, aging doesn't make individuals immune to financial challenges. The same financial problems that plague younger generations can also take their toll on Americans age 55 and older. However, older citizens...
Five Dischargeable Debts in a Chapter 7 Bankruptcy
Five Dischargeable Debts in a Chapter 7 Bankruptcy For many, the purpose of filing for bankruptcy is to wipe away most debts. Bankruptcy is a legal option for Americans who are finding it difficult, for whatever reason, to pay off their debts. Often, these debts are...
Can Bankruptcy Protect My House?
Can Bankruptcy Protect My House? Worries about losing your home are incredibly unsettling. Many people who are concerned that they might lose their house due to financial duress look for alternatives so that they can stay in their homes. One viable alternative for...
What to Expect in a Chapter 13 Bankruptcy
What to Expect in a Chapter 13 Bankruptcy? All types of bankruptcy options have basic things in common. However, each has its specific requirements and processes. If you are thinking about filing Chapter 13 bankruptcy, it is reasonable to have many questions and...
Bouncing Back from a Bankruptcy
Bouncing Back from a Bankruptcy Bankruptcy is a personal financial decision. For some individuals, it is the most responsible action to take in light of their circumstances. It is also an opportunity for a new beginning, and many filers feel a sense of freedom and...
What is Cross-Collateralization in Bankruptcy
What is Cross-Collateralization in Bankruptcy? Individuals who apply for a loan and sign off on an application are responsible for all of the information which is contained in the agreement. However, many individuals do not read the small print when they sign loan...
Debt Law North Carolina
Debt Law North Carolina If you are not willing or unable to pay off a debt voluntarily, the State of North Carolina has various legal means for a creditor to collect your debt. However, a creditor cannot immediately try and force you to pay the money which you owe....
The Advantages of Filing for Bankruptcy
The Advantages of Filing for Bankruptcy The decision to file for bankruptcy (either Chapter 7 or Chapter 13) is a difficult one for most people and is often seen as an option of last resort. This is because declaring bankruptcy can have a significant effect on your...
The Benefits of Filing Chapter 7 Bankruptcy
The Benefits of Filing Chapter 7 Bankruptcy Although filing for bankruptcy is often seen as a last resort for most people, filing actually has significant benefits and can often help people eliminate debts. Chapter 7 bankruptcy allows for the discharge of debt after...