A Bankruptcy Lawyer Can Help Married Couples Go Over Some Important Filing Considerations


Married couples in Raleigh have two options when it comes to declaring bankruptcy. They may file individually or jointly. Individual filing is ideal if only one spouse needs to settle debt. This is also beneficial for the other partner since it won’t affect their credit whatsoever. Joint filing, on the other hand, allows married couples to complete a bankruptcy in just one convenient proceeding. That means both spouses can discharge their debt at less costs than filing separately.

Each has its own merit and accomplishes the objective of wiping out debt, but the best solution for you would depend on several factors. Your bankruptcy lawyer may urge you to consider these before making a decision.

Assets and Properties

Ownership of some assets change when you get married, according to the laws in effect in your state. Some properties can be owned equally by both spouses regardless of who is on the title, while others follow the rules of equitable distribution. Read more from this article: http://bit.ly/2HDDNmF.


Raleigh Bankruptcy Lawyer Explains the Power of the Automatic Stay



Filing for bankruptcy comes with many benefits. One of its more widely known perks is that it can force your creditors to stop contacting you. This rule is called the automatic stay, which aims to prevent creditors from constantly bugging you when your bankruptcy case is filed. Your Raleigh bankruptcy lawyer shares with you some key points about the process, so you will know your rights.

The start of the automatic stay

When you file for bankruptcy, a notice is immediately sent to all your creditors telling them that an automatic stay is in effect. The word automatic means that the day is instantaneous when you file your case, and from that point on, creditors must refrain from calling you, emailing you, garnishing your wages, suing you, or foreclosing on your house. If they have begun with any of these actions, they need to cease immediately or face sanctions by a judge. Read more from this blog: http://bit.ly/2or7mgm

Bankruptcy Lawyer from Raleigh Gives Basics on Declaring Bankruptcy


Filing for bankruptcy is pretty scary, especially when you think about the possible consequences of such action. However, there are sometimes circumstances beyond a person’s control that lead an individual to declare themselves bankrupt, in order to regain control of their financial situation.

A bankruptcy lawyer in Raleigh says that when done right, filing for bankruptcy can actually save you from sinking deeper in debt, preserve your peace of mind, and can definitely save you some money in the long run. Read more from this blog: http://bit.ly/2m9RNtG