Posts by Steve Sampson
Can Filing for Bankruptcy in Raleigh Wipe Out Student Loans?
Over 45 million Americans are drowning in student loan debts. When you’re trying to keep the lights on, pay rent, and juggle your other expenses, student loan payments (and their usually high interest rates) can be truly overwhelming. If you’re currently paying off your student loans and planning to file for bankruptcy in Raleigh, you…
Read MoreWhat Happens If You Have No Assets When You File for Chapter 7 Bankruptcy in Raleigh?
Individuals who file for Chapter 7 bankruptcy in Raleigh generally have very few or no assets. If this applies to you, you may be wondering how this will affect your filing. One of the first things we do here at Weik Law Office is to guide our clients through the means test. This test will…
Read MoreCan Chapter 7 Bankruptcy in Raleigh Stop Utilities from Being Shut Off?
Americans are still feeling the devastating effects of COVID-19. Like many people, you may be drowning in debt after losing your job, dealing with health emergencies, and other financial issues made worse by the pandemic. Right now, you may be thinking of filing for Chapter 7 bankruptcy in Raleigh for relief. Chapter 7 can help…
Read MoreWhen Is Filing for Chapter 13 Bankruptcy in Raleigh Better than Chapter 7?
Many people think that Chapter 7 bankruptcy is better than Chapter 13 because it completely wipes out qualifying debt while the latter requires a repayment plan. However, it’s not that simple. Each chapter has unique tools that solve specific problems for debtors. If you’d like to save your home from foreclosure, for instance, you’re better…
Read MoreDivorce, Alimony, and Raleigh Bankruptcy: What you Need to Know
Filing for bankruptcy in Raleigh is a major decision with significant effects on your financial and personal affairs. It triggers the automatic stay, which goes a long way towards restoring your peace of mind. You receive more affordable payment plans and have certain debts eliminated altogether. For many people, it’s quite literally a new lease…
Read MoreFinancial Benefits of Chapter 13 Bankruptcy in Raleigh
The Long-Term Financial Advantages of Chapter 13 Bankruptcy in Raleigh For some people, filing for bankruptcy is all about eliminating as much debt as possible, all at once. For others, it’s more about buying time. Chapter 13 bankruptcy in Raleigh is designed for such cases. Instead of wiping out your unsecured debts, this type of…
Read MoreThe Automatic Stay: A Powerful Effect of Filing for Bankruptcy in Raleigh, NC
Often, the most stressful thing about being in debt is not the debt itself, but the constant calls and letters from your creditors. They can be very overwhelming and intimidating, and easily robs you of your peace of mind. The good news is that filing for bankruptcy in Raleigh, NC doesn’t just help you eliminate…
Read MoreHow Bankruptcy Effects Children, Explained by Bankruptcy Lawyers in Raleigh, NC
Bankruptcy Lawyers in Raleigh, NC Explain the Effects of Bankruptcy on Children Bankruptcy is a difficult decision, and it becomes even harder when there are children in the picture. Weik Law has assisted many individuals worried about how bankruptcy will affect their children’s lives, such as their college funds, child support, bank accounts, and more.…
Read MoreEliminate Medical Bills with Chapter 7 Bankruptcy in Raleigh
Recover Your Financial Health with Chapter 7 Bankruptcy in Raleigh for Medical Debt Medical debt is one of the most overwhelming types of debt there is, and one of the most common reasons why individuals file for Chapter 7 bankruptcy in Raleigh. On top of the physical, mental, and emotional toll of battling disease or…
Read MoreHow Chapter 7 Bankruptcy in Raleigh, NC Can Help with Debt After a Layoff
Laid Off Due to COVID-19? How Filing for Chapter 7 Bankruptcy in Raleigh, NC Can Help For many Americans, the coronavirus outbreak didn’t just post a serious health threat; it also wreaked havoc on their finances. If you’re one of the millions laid off due to COVID-19, you may be drowning under the mountain of…
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