Facing overwhelming debt can feel like navigating through a dense forest with no clear path ahead. In North Carolina, Chapter 7 bankruptcy offers individuals a way out of this financial thicket by liquidating assets to pay off debts. Understanding the process and...
Navigating the complexities of rent-to-own agreements in North Carolina can be challenging. At the same time, they provide accessible options for meeting your biggest life goals. If you are a tenant facing a rent-to-own dispute with your landlord, though, it suddenly...
The U.S. Bankruptcy Court Middle District of North Carolina reported in September 2023 a total of one filing for Wayne County. The state had 147 cases, with Chapter 13 being the most common. Filing for bankruptcy can be a challenging and overwhelming process, and one...
Halloween creates legal issues
Although rent-to-own contracts provide an opportunity for homeownership for those who cannot qualify for traditional methods, sometimes they go wrong. Tenants might face unfair terms, unexpected costs or even eviction threats. Understanding your rights as a tenant...
Lately, I've seen a lot of advertising imploring consumers to purchase goods through a financing option called "rent to own" or a "lease purchase" agreement. The gist of a "lease purchase" agreement is that a consumer selects the item he or she wishes to purchase. ...
Random audits of bankruptcy cases to resume
A bankruptcy lawyer can explain how bankruptcy case help and what not to do prior to filing your case.
Over the years, I've received plenty of calls from clients who received a Form 1099-C Cancellation of Debt from a creditor that was included in the client's bankruptcy case. Obviously, the client is a bit concerned because the Form 1099-C says that the amount of the...
As of March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, House Resolution (H.R.) 748 was enacted to provide relief for Americans who are facing an uncertain financial future during these troubling times.The stimulus bill makes several...