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Are PPP Loans Eligible Dischargeable In Chapter 11 Bankruptcy?
In response to the economic challenges that arose during the COVID-19 pandemic, the U.S. government initiated the Paycheck Protection Program (PPP) in 2020. This program aimed to help small businesses stay afloat by providing low-interest, forgivable loans that covered payroll, rent,…
When Should A Small Business File For Bankruptcy?
Many small business owners may be uncertain about what to do when their business is struggling and at what point to file a small business bankruptcy. The right steps to take will depend on the specifics of the situation. But…
Debt Collection Laws in North Carolina
Life is unpredictable. Unforeseen circumstances can lead anyone down a path of financial instability. From sudden job loss to unexpected medical expenses, debt can pile up before you even realize it’s happening. If you are struggling to keep up with…
Life Insurance Policies in Bankruptcy
Filing for bankruptcy allows you to discharge debts while protecting certain assets. If you have life insurance, you may have questions about how bankruptcy affects the status of life insurance policies. North Carolina generally protects life insurance proceeds from creditors…
What Is the Difference Between an HOA Foreclosure and a Bank Foreclosure?
When buying a home in a planned neighborhood or a condominium, you often must pay fees and assessments to a Homeowner’s Association (HOA) or Condominium Owner’s Association (COA). If you do not, the HOA or COA can place a lien…
Can a Loan Modification Stop Foreclosure?
Financial hardships are bad enough without the fear of losing your home. If you have difficulty making monthly payments, you may wonder whether a loan modification could prevent foreclosure. Depending on your situation, a loan modification could be helpful in…
Should You File for Bankruptcy Before or After Filing Your Tax Return?
Filing for bankruptcy can be a confusing process – as can filing your taxes. Combining the two can become even more complicated. Generally, but not always, it is better to complete your tax return before filing for bankruptcy. The team…
Can I Move to Another State After Filing for Bankruptcy in NC?
For some people going through or considering bankruptcy, moving can seem like an opportunity for a fresh start. Other times, a move is necessary to secure a well-paying job. One of the questions we occasionally get asked is, “Can you…
My Bankruptcy Case Was Dismissed — Can I Refile?
If your Chapter 13 bankruptcy case in North Carolina was dismissed, you could be able to refile. Your chances of success may be impacted with the help of an attorney. Whether your case was dismissed because you did not make…
How Bankruptcy Affects Your Financial Future
The decision to declare bankruptcy is a difficult one. But it is often necessary for those facing overwhelming debt, giving them a chance at a fresh financial start. Bankruptcy can have consequences that affect your finances. For more information about…
