Options for Avoiding Foreclosure When Behind on Mortgage.
Inflation, change in income, major life events—these are all things that could put you behind on your mortgage payments, and lead you to foreclosure, but foreclosure is not inevitable. If you act quickly, you can explore solutions to protect your home and avoid the legal and financial consequences of foreclosure. Many homeowners in New Bern, […]
Can You Protect and Keep Your Assets with Overwhelming Debt?
Know Your Debt Options Dealing with overwhelming debt can be stressful, especially when your assets—like your home or car—are on the line. If you’re struggling with missed payments and relentless creditor calls, you may feel trapped. However, there are steps you can take to protect your assets and find a financial solution that works for […]
Rebuilding Credit After Bankruptcy in North Carolina
If you’re facing overwhelming debt and struggling with late payments or collections, filing for bankruptcy can feel like a last resort. However, bankruptcy doesn’t have to be the end—it can be a fresh start and a crucial step in rebuilding your financial life. While it may seem counterintuitive, bankruptcy can actually improve your credit situation […]
Managing Rising Household Debt in North Carolina
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.
In 2024, many residents in Eastern North Carolina, including New Bern, Wilmington, and surrounding areas, are facing vehicle repossession as economic pressures continue to mount. If your car has been repossessed—or you’re worried it might be—it’s essential to understand your rights and the steps you can take. This guide offers practical steps and legal insights […]
Bankruptcy Filing Soar to 40%
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
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
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?
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 […]
