500 New Jobs in Cherokee! Consider Bankruptcy Options After You Accept a Position

As a lawyer filing bankruptcy cases around Asheville, I frequently advise folks who qualify for relief against filing a case.  Although achieving a discharge would be a relatively simple process for them, if they cannot make ends meet after their bankruptcy case ends, the relief will be short-lived. News arrived yesterday that 500 new jobs…

Bankruptcy Discharge: What are the tax consequences?

A very common question I discuss at initial bankruptcy consultations at my Asheville office is whether the IRS will treat discharged debts as income.  Simple answer:  No.  Allow me to explain why. When someone negotiates a settlement with a credit card company, the forgiven portion of the debt is treated as income by the IRS. …

I filed a bankruptcy case. How do I go about improving my financial condition afterward?

My bankruptcy law office in Asheville, North Carolina stays busy.  Almost every day I meet with clients or potential clients scared of filing a bankruptcy case because the process for filing Chapter 7 or Chapter 13 feels daunting to them.  Usually, I respond by saying, “Your bankruptcy case will be relatively simple.  The key to…

Bankruptcy or Debt Settlement Program?

If you are currently in or thinking about using a debt settlement program, contact a bankruptcy attorney’s office to figure out your other options during a free, initial consultation. The ads online and on television scream, whatever you do, “Don’t file a bankruptcy case!”  This marketing pitch, being sold mainly by non-attorneys who are not…

I have to eat. I have to pay utilities. I need bankruptcy relief. Will recent credit card charges prevent me from filing a Chapter 7 case?

There is never a perfect time to file a bankruptcy case.  When people come to talk to me about a filing for Chapter 7 or Chapter 13 at my Asheville, North Carolina bankruptcy law office, we almost always talk about their budget and how they are paying their bills right now. Ideally, clients should wait…