Posts by Steve Sampson
Can Chapter 13 Bankruptcy in Raleigh Help You Keep Your Car?
If you are struggling to make your car payments, don’t panic. Chapter 13 bankruptcy in Raleigh, NC can help you avoid getting your car repossessed and may even stop other effects of debt, such as foreclosure proceedings on your home. If you have fallen behind on your car loan, it’s important that you contact Weik…
Read MoreWhat Happens to Your Bank Accounts Under Chapter 7 Raleigh Bankruptcy?
When you’re drowning in debt, filing for Chapter 7 Raleigh bankruptcy can give you a much-needed reprieve. But if you still have a bit of money left in the bank, you’re probably wondering what will happen to it after you file. Will you be able to keep your savings and checking accounts, including whatever’s in…
Read MoreWill Filing for Raleigh Bankruptcy Affect My Job?
When your income is the only thing keeping you afloat in a sea of debt, you’ll naturally wonder how bankruptcy will affect you. Let us tell you as early as now— in most cases, filing for Raleigh bankruptcy will have zero effect on your current job and your work prospects. In fact, it can help…
Read MoreCan Filing for Bankruptcy in Raleigh Stop Eviction?
One of the most painful parts of being in debt is the fear of losing your home, whether you’re renting or paying a mortgage. While filing for bankruptcy in Raleigh can help, there are certain things you need to know about how an eviction works in this situation. Eviction and Bankruptcy: You Need to Act…
Read MoreCan You File for Bankruptcy in Raleigh If You’re Unemployed?
Losing your job is one of the most stressful things that can happen to anyone. Suddenly, you don’t have a regular paycheck anymore. No way to pay the rent and utilities, put food on the table, pay off your mortgage or vehicle, and deal with countless other expenses. Before you know it, you’re buried in…
Read MoreWhat Are Your Obligations Under Chapter 13 Bankruptcy in Raleigh?
Chapter 13 Bankruptcy in Raleigh will repay you to make monthly payments to the bankruptcy trustee. In turn, the bankruptcy trustee will pay your creditors on your behalf. In order to complete your plan, you need to make all of your payments. You get all remaining debts discharged once your Chapter 13 bankruptcy repayment plan…
Read MoreTop 4 Means Test Mistakes Under Chapter 7 Bankruptcy in Raleigh
The bankruptcy means test is the starting point of filing for Chapter 7 bankruptcy in Raleigh. It determines whether you’re eligible for this type of debt relief. For instance, the first step will require you to submit several months’ worth of income statements, which will then be compared with the median income in North Carolina.…
Read MoreCredit Card Debt and Bankruptcy in Raleigh
Drowning in credit card debt? You’re not alone. In fact, it’s one of the most common reasons why people finally decide to file for bankruptcy in Raleigh. The massive interests alone can keep you in a vicious cycle of minimum payments and ever-growing debt. A question we get asked a lot here at Weik Law…
Read MoreCan You Keep Tax Returns Under Chapter 7 or Chapter 13 Bankruptcy in Raleigh?
Tax refunds can be a liferaft in a sea of debt. It can help you pay rent, keep the lights on, and get something to eat before the bills catch up with you again. If you’re thinking about filing for Chapter 7 or Chapter 13 bankruptcy in Raleigh, you may be wondering if you can…
Read MoreDo You Still Have to Pay Child Support If You File for Chapter 13 Bankruptcy in Raleigh?
The answer is yes, but it’s more complicated than that. While filing for Chapter 13 bankruptcy in Raleigh won’t wipe out your child support obligations, it will help you get caught up with payments. As a result, you can continue taking care of your child while you get back on your feet financially. Child Support…
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