One of the reasons I became an Asheville bankruptcy lawyer is that I believe the debt collection industry is unfair. Frequently, the debt collectors know that their targets are judgment proof, meaning the collector can only receive money voluntarily from the borrower – not through the legal process. Still, their approach is to continue calling.…
When I sit down to discuss a person’s financial situation at a free, initial bankruptcy consultation, they are usually nervous about the prospect of dealing with bankruptcy judges, trustees, and their creditors. Many people are nervous just sitting down with a bankruptcy lawyer. Most of the time, for those who decide to file bankruptcy, their…
Yes. In bankruptcy, there are a couple strategies regularly employed by clients to help with their monthly car expense. First, clients can “cram-down” their car payment through a Chapter 13 bankruptcy case. Another commonly used strategy is to eliminate liability on the car note in a Chapter 7 bankruptcy case. The Expensive Car Problem I’ve…
Many creditors have a systematic approach to collecting money from customers who can’t pay them back. In my Asheville bankruptcy law practice, it is common for potential clients to schedule an initial consultation with me immediately after receiving a summons for a collection lawsuit from the sheriff. Others have had a default judgment hurting their…
As a North Carolina Student Loan Lawyer, I spend time working with students living anywhere in North Carolina on resolving issues regarding their loans and payback options. Yesterday, the income-based repayment options were expanded. Read the NPR article here. As explained in the article, one of the primary issues with former students struggling with repayment…
Most of the time, all of it. As an Asheville bankruptcy attorney, I speak with people daily about how it is possible to become debt free and achieve a financial “fresh start” through our country’s bankruptcy system.An important concept in bankruptcy is that people should be allowed to keep certain property they own which is…
When financial trouble strikes, people get creative trying to make ends meet. One common strategy is to use retirement money to pay monthly bills. As a bankruptcy attorney serving clients in Franklin, NC, I speak to people daily about ideas they have come up with to deal with their debt problems. I almost never suggest…