Managing Rising Household Debt in North Carolina
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The Growing Concern of Household Debt As North Carolina continues to experience economic growth, with a real GDP increase of 4.6% in the third quarter of 2023, the state’s residents are facing a parallel challenge: rising household debt. From mortgage payments to credit card balances, many North Carolinians, including military personnel and retirees, are finding […]
What to Do If You’re Facing Foreclosure in North Carolina
Navigating the Foreclosure Process in North Carolina Foreclosure procedures in North Carolina can occur through judicial or non-judicial means, though non-judicial processes are more common. Homeowners should be aware of their rights and the timelines involved, including the necessity for lenders to issue a pre-foreclosure notice. Understanding these processes is crucial in preparing an appropriate […]
How to Get Back a Repossessed Car in North Carolina.
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In 2024, North Carolinians are increasingly facing vehicle repossession due to economic pressures. Understanding your rights and options is vital if you’ve recently had your car repossessed. This guide provides practical steps and legal insights to help you navigate this challenging situation and regain control of your vehicle. Immediate Steps to Take After Your Car […]
Bankruptcy Filing Soar to 40%
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The Rise of Bankruptcy Filings Bankruptcy filings are on the rise, impacting individuals and businesses across the country. If you’re a resident of North Carolina, it’s crucial to understand the current trends and how they might affect you. Why Bankruptcy Filings are Increasing Recent data shows a significant increase in bankruptcy filings: Commercial Chapter 11 […]
Debt Relief: Legal Support for Military and Veterans in NC
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Understanding The Process of Debt Relief for Active and Retired Military Bankruptcy serves as a legal mechanism for individuals and businesses unable to repay their debts. It offers a fresh start through the liquidation of assets or the establishment of a repayment plan. In North Carolina, as in other states, bankruptcy can take several forms, […]
Importance of Updating Wills After Moving
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Importance of Updating Wills After Moving Moving to a new state involves a myriad of changes, not least of which includes ensuring that your legal documents, such as wills, are up to date. This process is crucial to ensure your estate plan aligns with the laws of your new state and accurately reflects your current […]
Can You File for Bankruptcy and Keep Your Car in NC?
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Filing for Bankruptcy In North Carolina Filing for bankruptcy can be a daunting process, but it can also provide a fresh start for those struggling with overwhelming debt. One of the primary concerns for individuals considering bankruptcy is the potential loss of valuable assets, including their vehicles. This blog aims to guide you through the […]
Should Your NC Small Business File for Bankruptcy?
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Should Your NC Small Business File for Bankruptcy? Running a small business in North Carolina comes with its unique set of challenges, especially in the current climate of rising costs, inflation, increasing foreclosures, and rising bankruptcy rates. Financial difficulties can be overwhelming, and it’s crucial to recognize when your business might need to consider bankruptcy. […]
What Expiring Bankruptcy Relief Means for New Bern
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The Expiration of Temporary Bankruptcy Relief The COVID-19 pandemic brought about significant financial challenges for individuals and businesses alike. In response, several temporary bankruptcy relief measures were introduced, including the CARES Act, the COVID-19 Bankruptcy Relief Extension Act of 2021, and the BTATC Act. These measures provided much-needed support to those facing unprecedented economic hardship. […]
Protecting Your Startup: Essential Business Law
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Protecting Your Startup: Essential Business Law Insights for North Carolina Entrepreneurs Starting a business is an exciting yet challenging journey, particularly for entrepreneurs in North Carolina. Whether you are a military personnel, retiree, or part of a growing family in New Bern, understanding business law is crucial for your startup’s success. Early legal advice can […]