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Chapter 13 bankruptcy has a process called ‘lien stripping’ that may allow certain homeowners to get rid of a second mortgage or home equity line of credit.  Lien stripping requires a separate motion with the court. The basic process is as follows, which should be completed with the help of your Raleigh, NC bankruptcy lawyer:

Filing for bankruptcy comes with many benefits. One of its more widely known perks is that it can force your creditors to stop contacting you. This rule is called the automatic stay, which aims to prevent creditors from constantly bugging you when your bankruptcy case is filed. Your Raleigh bankruptcy lawyer shares with you some…

In the past, people used to look forward to retirement, as this usually means they can finally enjoy the fruits of their lifelong labor. However, this isn’t the usual case today, as more and more seniors dread reaching the age of 66.

If you are already stressed out due to massive debt, you may be seriously considering filing for bankruptcy. As the federal law defines it, declaring for bankruptcy is a legal proceeding that grants a fresh financial start for a debt-ridden individual.

One of the most popular myths in declaring bankruptcy is that the individual in question has gone on a spending spree without any thought of possible consequences. However, as bankruptcy lawyers in Raleigh, NC would tell you, court statistics show that most people go bankrupt for many different reasons.