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…

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…