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Tag Archives: north carolina

Bankruptcies in Raliegh NC

Here’s some bankruptcy news from North Carolina:
“People are hurting. Unemployment’s going up. People are losing their jobs, and they can’t pay their bills,” said Kinrade. “It’s people who can’t pay their bills or may not be able to buy groceries or gas.”
Click here to read the rest of the story:
http://abclocal.go.com/wtvd/story?section=news/local&id=6547040

File Chapter 7 Bankruptcy

What is filing for Chapter 7 bankruptcy?
Chapter 7 is what most people think of when they are referring to filing for personal bankruptcy. It’s sometimes called ‘regular’ bankruptcy.
What is the purpose of Chapter 7 bankruptcy?
Some prominent authors claim one of the major purposes of Chapter 7 is to give a debtor a “fresh start” by [...]