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Student Loan Debt Can Be a Problem for Seniors


Yes, seniors can have student loans

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Did you know that even decades after you finish college, you could be haunted by student loans well into your golden years? With student loan balances on the rise and many borrowers using parent PLUS loans to help their kids and grandkids get through college, there are many opportunities to wind up deep in college debt that you can’t afford.

Can You Sell Your Car Before You File Bankruptcy?


Can you sell a spare car before you file bankruptcy?

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When you’re struggling with debt and falling behind on payments, one thing you might consider is selling off spare stuff to try and cover your bills. At the same time, you might be thinking about North Carolina bankruptcy. If you have a car that you're not using and want to sell it, this could affect your bankruptcy case. So, can you sell your car before filing bankruptcy? It depends.

Wilmington Bankruptcy Will Not Ruin Your Credit For a Decade – In Fact, It Could Help

Credit score

Bankruptcy doesn't wreck your credit for a decade

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You’ve probably heard the myth that filing bankruptcy ruins your credit for a decade. If you’re deep in debt and are considering Wilmington bankruptcy, you might be worried your credit will be permanently damaged. The great news is that bankruptcy will NOT tank your credit and, in fact, will help you get it back to good faster than most any other debt solution.

Will You Lose Your Personal Injury Settlement in Greensboro Bankruptcy?

Personal injury

Personal injury case and bankruptcy? Here's what you need to know

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Occasionally, consumers will have a personal injury lawsuit going at the same time that they need to pursue bankruptcy relief. But since a judgment in a court case means cash in your pocket, will you lose your personal injury settlement in your Greensboro bankruptcy case? The quick answer is that it depends on what the money was paid out for, as specified in the settlement.

What Happens When Your Wilmington Bankruptcy Petition is Rejected?


Yes, your bankruptcy petition can be rejected

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Filing bankruptcy is not something people look forward to, and most want to avoid if possible. However, drowning in debt is a much worse alternative. When you’re tired of living paycheck to paycheck and dodging debt collectors, bankruptcy can help. But what do you do if the court rejects your Wilmington bankruptcy petition?

Celebrity Bankruptcy Update – Abby Lee Miller Out of Prison After Bankruptcy Fraud Sentence

Dance Moms

Dance Moms' Abby Lee Miller is out of prison and in a halfway house

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In today’s celebrity bankruptcy update, we look at one of the most famous faces accused of bankruptcy fraud – Dance Moms diva Abby Lee Miller. Sentenced to 366-days behind bars for bankruptcy fraud at the Victorville Federal Correctional Institution in California, Miller is now an almost-free woman.

Wilmington Foreclosure Timeline and How to Save Your Home

Save your home

Bankruptcy can stop foreclosure

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Are you in default on your Wilmington mortgage? If you’re delinquent and don’t catch up, you are at risk of having your property foreclosed. As soon as you miss your first payment, you’re in default of your loan agreement. If you miss a payment but make it up, it’s not so bad. The real problem comes when you miss payment after payment so that you can’t recover. That puts you on a path straight to foreclosure. But how long does it take to go from missed payments to losing your home?

Use Chapter 13 to Save Your Greensboro Small Business

Small business

Save your small business with Greensboro bankruptcy

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Starting and running a small business in Greensboro requires you to wear many hats. You’re the owner, operator, manager, salesperson, and the accountant. Not only that, but the line between your personal and business funds can get blurry, and you may commingle funds. It’s very common for small business owners to guarantee debt personally and to put personal assets at risk.

Can You Go To Jail Over Wilmington Debt?

Debtors prison

Threatening debtors with jail is against the law!

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Unscrupulous debt collectors may threaten past-due Wilmington consumers with jail. If you’ve ever been terrorized in this way by a collection agent, you should know that they cannot send you to jail and they shouldn’t be making those threats. Being in debt, even if you’re very overdue, is not a crime. However, some debt issues are criminal.

Toys “R” Us Bankruptcy Update - Spend Your Gift Cards ASAP!

Toys R Us bankruptcy

Toys "R" Us bankruptcy updates

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In today’s business bankruptcy update, we’ll look at what’s going on with Toys “R” Us. As a consumer, the first thing to ask yourself is, “Do I have any Toys “R” Us gift cards lying around the house?” If you have any TRU gift cards you were saving for a birthday treat or summer fun, think again. There is less than a month from the date of this article for Toys “R” Us gift cards to be used. After that, they’re worthless.

7 Things To Do After Wilmington Bankruptcy

Steps after bankruptcy

What should you do after bankruptcy?

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When you begin the process of Wilmington bankruptcy, you’re likely focused on the moment – on what you’re dealing with now, whether it’s living paycheck to paycheck, debt collector harassment, or the threat of foreclosure or repossession. The next concern is what happens during the bankruptcy including court appearances. But what happens after bankruptcy and what should you do next?

Greensboro Consumer Tip: Don’t Make Tax Return Mistakes That Delay Your Refund

Tax refund mistake

Avoid these mistakes on your tax return

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There’s less than a month until the tax filing deadline, and we’ve got some tips for Greensboro consumers to help ensure your tax refund isn’t held up by the IRS. Given that most taxpayers now file their returns electronically, things move faster. The IRS issues refunds within 21 days on 90% of tax returns. But what about the other 10% of returns that don’t get paid within three weeks? Today we’ll look at the top mistakes that delay tax refunds.

5 Reasons Chapter 13 Might Be Better For Your Wilmington Bankruptcy

Bankruptcy options

Carefully consider your Wilmington bankruptcy options

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The decision to file Wilmington bankruptcy isn’t an easy one. You might lean towards Chapter 7 because it’s so fast and offers unprecedented relief of unsecured debt like credit cards and medical bills. This type of fresh start bankruptcy takes about four months from start to finish. However, despite the apparent benefits, not everyone is a fit for Chapter 7 and might do better with Chapter 13.

Celebrity Bankruptcy News – Actor Joey Lawrence Ditches Debt With Chapter 7

Celebrity bankruptcy

Celebrity bankruptcy alert - Joey Lawrence ditched debt with Chapter 7

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Less than a year ago, actor Joey Lawrence declared bankruptcy under the weight of a staggering amount of debt. The 41-year old, who has been a working actor since the age of six, fell into severe debt when his income dropped suddenly and significantly. It can happen to anyone from the middle class to the moderately famous. Here’s a look at the celebrity bankruptcy cases of Joey Lawrence and what you can learn from it.

Facing Student Loan Default in Wilmington? Consequences and Remedies

Student loans

Facing student loan default in Wilmington, NC?

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More than 44 million Americans are battling student loan debt. Recent figures put total student loan debt at nearly $1.5 trillion. For those who can afford their student loans, it’s no big deal. But for many college grads, this debt is overwhelming and ruining their financial future. Are you behind on your student loans? If so, you should know that going into default brings severe consequences. Here’s a look at what to do if you’re facing student loan default in Wilmington.

Should You Pay Off Debt With Retirement Funds? Tips For Greensboro Consumers

401(k) loan

Debt now versus retirement later

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Debt isn’t always a bad thing. It’s debt that lets you buy a house or a car – two things most Greensboro consumers could never purchase on a cash basis. If you can service your debt on your current income while still paying your costs of living and saving for retirement, you’re probably just fine.

During Wilmington Bankruptcy Do You Have to Stop 401(k) Contributions?

Disposable income calculation

Can you keep making 401(k) contributions during Wilmington bankruptcy?

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When you file Wilmington Chapter 13 bankruptcy, all your disposable income is expected to go towards paying back your creditors. This type of bankruptcy sets you up on a repayment plan that lasts from three to five years. Under the plan, you won’t pay back all of your debt. Some will be discharged at a lower percentage, but some debts must be paid back in full.

Will My House Be Searched When I File For Bankruptcy?


Bankruptcy doesn't follow you home

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Many people have the wrong idea about bankruptcy. They make assumptions based on what they see in movies and on TV or sensational headlines about celebrities going broke. One of the misapprehensions about bankruptcy is that a bunch of federal agents will pull up at your house with a giant truck and take all your possessions. It shouldn't happen to you (or anyone else). Bankruptcy isn’t a problem - it's a solution - and in most cases, you won’t lose any assets.

Struggling with Student Loans? Look for Help From Your Wilmington Employer

Student loans

Struggling with student loans in Wilmington?

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Student loans are a fact of life for most who pursue a college degree. In Wilmington and greater North Carolina, the most recent data from The Institute for College Access and Success shows that 58% of graduates came out of college with debt and the average amount of student loans was nearly $26k. Grads from UNC Wilmington owe $25k on average, and 60% come out of that institution with loans. If you’re struggling with student loans, we’ve got some ideas including help from employers.

3 Reasons It Might Be Time For Greensboro Business Bankruptcy

Small business bankruptcy

Is your Greensboro small business struggling?

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It’s no easy thing owning and running your own Greensboro small business. Companies collapse for many reasons. It can be a faulty concept, trouble in the economy, a business plan that wasn’t financed well from the get-go, or another cause. Whatever the reason, if you’re facing serious financial problems in your small or mid-sized business, Greensboro bankruptcy might be the best solution for you.


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