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I’m getting divorced. Will bankruptcy help?
As an Asheville Bankruptcy lawyer I often talk with people who are going through a divorce. Not surprisingly, many people who are experiencing divorce face daunting financial challenges. In fact, it is common for money matters to be at the root of the issues that result in divorce in the...
Can I Keep My Car If I File Bankruptcy? Part 2- Debt.
If you have the means to afford a car payment and you don’t have too much equity, then yes. In my previous blog post I addressed the issue of equity. If you file ch7 bankruptcy and can exempt all of your equity then the Trustee won’t sell it. In this...
How long will a bankruptcy filing be reported on my credit report?
Your bankruptcy filing may be reported by your creditors on your credit report for up to 10 years depending on the credit reporting bureau. The good news is that your credit report indicates which debts were discharged in your bankruptcy and that there is a zero balance. Despite the 10...
What is a Bankruptcy Trustee?
A trustee in bankruptcy is a person assigned to administer the bankruptcy estate. A trustee is automatically appointed in every Chapter 7 and Chapter 13 bankruptcy case. In certain circumstances, a trustee can also be appointed in Chapter 11 cases. The bankruptcy estate is the property and related property rights...
Where will I go to court if I file bankruptcy?
Although certain aspects of filing bankruptcy are state specific, bankruptcy is Federal Law. This means that, with limited exceptions (which I’ll address below), your case will be in Federal Court, not in the local County Courthouse. We represent bankruptcy clients in the Western District of NC (“WDNC” or “WNC” for...
Frequently Asked Questions, part 1.
Our clients often come to our office with several questions about bankruptcy, whether they be about the steps, the cost of filing bankruptcy, the time it takes to complete the process, or something else entirely. Here at Kight Law Office, we’ve compiled some of the answers to the questions we...
Can Bankruptcy Help Me with Foreclosure?
Yes. Bankruptcy is a good tool that can help with foreclosure or even allow you to avoid it altogether. Foreclosure is the legal process in which a lender (usually a mortgage company) sells a home at auction in order to get payment for the loan. Foreclosure typically occurs after a...