King Law Firm Blog

Even though bankruptcy is a viable and logical option to deal with insurmountable debts, some debtors feel that it is unfair or unethical for them to choose this path. They feel strongly that if you borrowed money for something, then you are obligated to pay it back, yet at the same time, they recognize erasing their debt is impossible given their circumstances. If you face a similar situation, reach out…

The novel coronavirus has altered our lives in numerous ways, and everyone has felt its direct effects. Residents of nursing homes, however, are not only one of our nation’s most vulnerable populations but also seem to be one of the most susceptible to the ravages of the COVID-19 pandemic. Suppose your loved one has contracted COVID-19 while residing in a nursing home. In that case, it is imperative that you…

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…