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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…
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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…
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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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