Search results
Results From The WOW.Com Content Network
In this complete guide to filing for bankruptcy in North Carolina, you’ll learn about the differences between Chapters 7 and 13, debts you can eliminate or "discharge,” property you can keep using North Carolina bankruptcy exemption laws, and bankruptcy qualification requirements.
Learn about qualifying and filing for bankruptcy in North Carolina, using bankruptcy exemptions to protect property, and hiring a bankruptcy lawyer.
Chapter 13 Basics. Some Eligibility Cautions. The Chapter 13 Process. Confirming a Chapter 13 Plan; Modification of the Plan; Default. The Chapter 13 Bankruptcy Estate. Financed Personal Property in Chapter 13. Financed Real Property in Chapter 13. Executory Contracts and Leases.
The North Carolina bankruptcy exemptions can be found in the North Carolina General Statute, Chapter 1. Married persons filing for bankruptcy in North Carolina can each claim their full exemption, which allows for doubling exemptions when they are filing jointly.
CHAPTER 13: “WAGE EARNERS” BANKRUPTCY. There are several reasons why a debtor may choose Chapter 13 bankruptcy over Chapter 7. Chapter 13 can allow a debtor to stop a foreclosure or reposses-sion, allowing the debtor catch up payments over the course of 3 to 5 years.
Everything you need to know about filing Chapter 7 bankruptcy in North Carolina, from requirements & procedures to info about forms, can be found in this bankruptcy guide
When you declare bankruptcy in North Carolina, the automatic stay stops foreclosure, wage garnishment, and other adverse creditor actions. The state's property exemptions protect your house, car, and other key assets.