King Law Firm Blog

Coronavirus on Cruise Ships According to CBS NEWS and other news outlets, cruise lines face a legal backlash for their initial response to the COVID-19 pandemic that began sweeping the world earlier this year. The plaintiffs, all former passengers, contend that the three major cruise lines (which make up about 70 percent of the total cruise ship market) knowingly exposed them to the novel coronavirus, known to be exceptionally contagious…

The COVID-19 outbreak has brought with it unprecedented economic and employment strains. With very few viable long-term options for dealing with bills that cannot be paid, many Americans are considering their options for bankruptcy at no fault of their own. In fact, many North Carolina bankruptcy attorneys are predicting a tsunami of bankruptcy filings directly related to the coronavirus pandemic. If you are struggling to pay your debts as a…

Nearly every American has been impacted in some way by the COVID-19 pandemic. Many of them have experienced financial struggles. Whether they were already working hard to make ends meet or living comfortably, the economic devastation is widespread. According to the Bureau of Labor Statistics, approximately 39 million Americans have filed for unemployment benefits since the pandemic began. America is now experiencing its highest jobless rate since the Great Depression…

Among all of your monthly expenses, rent is likely the most substantial. Falling on hard times can cause you not to be able to pay your rent. If you stop paying your rent, it will not be long until your landlord begins the formal process of removing you from your home or apartment known as eviction. If you have no other place to live, this is incredibly worrisome. You may…

Millions of Americans rely on their social security benefits to pay their bills each month. Some also have financial difficulties. If you are one of these individuals, you might consider a Chapter 7 bankruptcy filing to provide relief for your financial stress. You might also be concerned about how your social security benefits will be impacted if you file for bankruptcy. It is best to schedule a private consultation with…

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 paid, it can lead to the repossession of your vehicle after only one to three missed payments. With many Americans relying on a vehicle to get them to…

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 may face special issues that younger people do not when filing for bankruptcy. Sometimes filing for bankruptcy does not make sense for seniors. For some individuals over 55, filing for bankruptcy is the best financial decision they can make…

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 causing additional problems such as the risk of repossession of a vehicle, eviction, or foreclosure on a home. When a debt is discharged in bankruptcy, the debtor is no longer liable for…

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 many homeowners is filing a Chapter 7 or a Chapter 13 bankruptcy.  Whether this option is viable in your individual situation depends on multiple factors. If you are in danger of losing…

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 concerns. You might be wondering how the process will work and what you will be required to do.  When you meet with a North Carolina bankruptcy attorney, they can answer your questions and tell you…