Chapter 7 Bankruptcy: Businesses & Individuals

The word”bankruptcy” is heard everywhere, from coffee shops to church bazaars and the evening news. It’s clear to me that, despite this general knowledge of bankruptcy, few people understand what it means to file for protection under Chapter 7, Chapter 11 or Chapter 13.
Chapter 7 is a liquidating bankruptcy.  It is normally utilized to [...]

Surviving USAirways Layoffs & Furloughs

Charlotte has fared better than other cities at the hands of USAirways, but it hasn’t been easy for those who’ve been laid off, furloughed or left doing the work of their former coworkers.
CEO Doug Parker says analysts predict the airline will lose $600 million this year and obviously such losses are untenable. Management will continue [...]

Better Business Bureau Alert: Get Home Solutions

As a member of the Better Business Bureau, we review the organization’s activity updates regularly.  If they affect our clients and prospective clients directly, we highlight them on our blog.
What follows is a quote from the BBB on one of the many fraudulent schemes targeting homeowners at risk of foreclosure:
The “we buy houses” concept is [...]

I want to file a “medical bankruptcy”

We get calls asking for a “medical bankruptcy” nearly every day. There is no such thing. When you file for bankruptcy protection, your medical creditors are in your filing alongside all the others, including credit cards, vehicles, real estate, business loans you guaranteed, etc.

I don’t want to file, but should I?

Many people we see in our offices want us to handle negotiations with credit card companies or provide them with credit card counseling. Most often these individuals need bankruptcy protection, not creditor negotiation or credit card counseling. You may be the exception, so contact our office for an initial consultation. Here’s a checklist to see whether bankruptcy is a viable option for your circumstances.

Asset Protection Basics

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 [...]