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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…
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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…
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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…
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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…
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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.…
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