Board Certified Specialist in Bankruptcy
With so many people unwinding unprofitable businesses and adjusting their lifestyles after financial hardship, many are confused about assets a creditor can seize and if bankruptcy is the only way to protect themselves from the proverbial wolves at the door.While we offer general information here, it is not comprehensive and not intended as legal advice. Exempt property: hands off, … [Read more...]
In addition to my private practice, I serve as a Chapter 7 Trustee for the United States Bankruptcy Court for the Western District of North Carolina. Few people know what this means and how this service helps my private practice clients, so here's a primer. What's a bankruptcy trustee? Chapter 7 Trustees (also known as panel trustees) are not government employees. Here in the Western District … [Read more...]
Many people want to come in and talk about asset protection are surprised to learn that they have no assets to protect. "How can this be? "I own a car and a house!"Asset protection comes in to play if you own non-exempt property -- property that creditors can reach; or if you anticipate that you may have non-exempt property in the future. Learn by example North Carolina residents are … [Read more...]