Should Your NC Small Business File for Bankruptcy?
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
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
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 […]
Rising Foreclosures in 2024: Key Factors and Trends.
The Rising Trend of Foreclosures in 2024 Foreclosures have been on the rise in 2024, affecting homeowners across the United States, including North Carolina. This growing trend is of particular concern for military personnel, retirees, and families who may face unique challenges in keeping their homes. Understanding the factors driving this increase and exploring potential […]
How Much Does An Estate Plan Cost in NC
Estimating the Cost of Estate Planning in North Carolina Basic Estate Plans For individuals with straightforward estates, a basic estate plan might cost between $500 and $1,500. This typically includes essential documents like a simple will, power of attorney, and healthcare directive. Comprehensive Estate Plans Comprehensive estate plans, which include trusts, advanced tax planning, and […]
Car Repossession in NC: Know your rights
Understanding Car Repossession in NC. Car repossession can be a stressful and overwhelming experience. Knowing your rights and understanding your options are crucial steps in navigating this challenging situation. This is especially relevant for North Carolina’s diverse population, including military personnel, retirees, and growing families. This guide aims to provide clear, actionable information to help […]
Red Lobster Files for Chapter 11: What This Means for the Chain.
Red Lobster Chain Faces Financial Restructuring Red Lobster, the beloved casual dining chain known for bringing seafood to the masses with signature dishes like popcorn shrimp and “endless” seafood deals, has filed for Chapter 11 bankruptcy protection. This significant development marks a crucial turning point for the 56-year-old brand, impacting its operations, employees, and stakeholders. […]
What Happens If You Die Without a Will in North Carolina?
The Importance of Estate Planning Facing the reality of dying without a will is something many prefer to avoid, but it’s a crucial aspect of ensuring your legacy is protected. Understanding the implications of not having a will can prevent significant chaos and complications for your loved ones. This blog aims to educate North Carolina […]
5 Mistakes People Make When Filing for Bankruptcy Alone in NC.
Filing for bankruptcy is a significant step that can provide relief from overwhelming debt and a fresh financial start. However, the process can be complex and fraught with potential pitfalls. Understanding the bankruptcy process and avoiding common mistakes is crucial to ensure a successful outcome. This blog post will highlight the top five mistakes individuals […]
Does Bankruptcy Clear Tax Debt?
Explore whether bankruptcy clears tax debt. Understand key conditions and misconceptions to guide your legal path.
