King Law Firm Blog

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 relief once the process is finished. With a fresh financial start in life and taking steps to improve your finances going forward, you can successfully bounce back from your 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 agreements and other contracts, and they are not aware that these agreements oftentimes contain a cross-collateralization clause which is part of the agreement. Moreover, these cross-collateralization clauses can create serious complications for…

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. First, the creditor must go to the court and obtain a judgment against you. Once the court enters a judgment, the creditor can then begin…

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 credit and financial well-being. Moreover, after you file for bankruptcy, it can sometimes be difficult to prove your creditworthiness to lenders and obtain loans for some time after filing.…

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 the liquidation of a debtor’s non-exempt assets in order to pay off the person’s creditors. To qualify for this type of bankruptcy, however, the debtor has to satisfy certain income requirements. Importantly, there are…

5 Mistakes to avoid when hiring a workers comp lawyer in Wilmington Going through the ordeal of a work-related injury or illness is bad enough. To make things worse, you have to practically fight for your claims and benefits. You can’t do this on your own. You need to hire a lawyer in Wilmington specializing in workers’ compensation, which is not an easy task. Here are some mistakes to avoid ensuring…

North Carolina Bankruptcy Lawyers It all depends on your current situation. Without a doubt, filing for bankruptcy can be a lifesaver when in serious debt. It will wipe the slate clean, stop collection phone calls and letters, and give you a fresh new start. Almost any type of consumer debt can be discharged, such as credit card bills and medical debt, which are dischargeable via bankruptcy. The majority of people…

North Carolina Bankruptcy Lawyers Being proactive and filing for bankruptcy before your house is sold at a sale may help you stop or prevent the foreclosure of your residence.  If you want to prevent a foreclosure by filing for bankruptcy in North Carolina, you should contact a North Carolina bankruptcy attorney as soon as you start having serious financial issues. Bankruptcy and Foreclosure: Automatic Stay, Temporarily Stop Foreclosure When you…

North Carolina Auto Accident Lawyers The days on only seeing a dashcam car chase in a big-budget Hollywood movie are long gone. These days dash cams are standard equipment in most new automobiles. Dash cams are widely becoming one of the most common forms of evidence used in automobile accidents.  If your automobile isn’t equipped with a dashcam, you can easily and most importantly affordably install one yourself.   This is…

North Carolina Bankruptcy Lawyers Credit card debt is a huge problem facing so many Americans. Credit cards are easy to use and unfortunately, very easy to get.  Credit cards are have become a very popular way to make payments. E-commerce among others relies almost 100%  on credit card payments. Over the last few years, many utilities now allow customers to make automatic payments with a credit card every month. Considering…