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Helpful Tips

The Do's of Bankruptcy

Your conduct and behavior before and during bankruptcy can damage or even be fatal to your case. On the other hand, understanding your rights and responsibilities can minimize your risks. Consult with a bankruptcy lawyer to help you navigate the pitfalls commonly encountered by those seeking bankruptcy protection.

  • DO take bankruptcy seriously. It is a privilege and courts take a very dim view of abuse of that right.
  • DO be honest. It is against the law to lie in bankruptcy proceedings. You are sacrificing a small portion of your privacy... read more

The Don'ts of Bankruptcy

Your conduct and behavior before and during bankruptcy can damage or even be fatal to your case. On the other hand, understanding your rights and responsibilities can minimize your risks. Consult with a bankruptcy lawyer to help you navigate the pitfalls commonly encountered by those seeking bankruptcy protection.

  • DON'T repay loans to friends, relatives or business associates who have lent you money. Payment to an “insider” (which includes relatives, friends and business associates) within one year before you file bankruptcy is a “preference.” The trustee may... read more

Bankruptcy Myths Debunked

If you think you know all you need to know about the new bankruptcy law, you might want to think again. There's a lot of misinformation out there, and much of what you think you know might not be true.

A consumer survey conducted by the American Bankers Association showed that more than half of those surveyed were aware that Congress had recently passed a new law, but that doesn't mean those consumers knew what was actually in the legislation.

And bankruptcy folklore continues to emerge. So much so that Experian, a credit... read more

Don't Be Embarrassed to Talk About Bankruptcy

by Susanne Robicsek, North Carolina Bankruptcy Attorney

There are some things that we just don’t talk about, and financial problems are one of those things. Talking about your financial problems is embarrassing. That embarrassment keeps a lot of people from seeking professional help. After all, it is really hard to tell someone that you can’t quite get a handle on your bills.

Often it is easier to talk to a complete stranger, than someone you know. That is what makes online or phone based credit counseling services so popular. People never have to... read more

Stop Creditor Harassment

Enduring the often relentless harassment of creditor and debt collection agencies can add tremendous stress to already difficult financial problems. Creditors will say anything to get you to agree to their demands, including telling you that you will go to jail for not paying the debt you owe. Yes, they will outright lie to you! The bankruptcy attorneys at The Gooding Law Firm, P.C. are here to help.

You don't have to put up with threats or intimidation by creditors. Once your bankruptcy petition is filed the law requires creditors to cease all of their collection efforts. Contact... read more

7 Reasons to File Bankruptcy

Written by Jessica Alba

With rising unemployment and the increased cost of living, many people are having a really tough time making ends meet. The majority of the population is only one paycheck away from financial disaster. Who can save money, when it is already taking two incomes simply to pay for the monthly expenses? Even though it is usually the choice of last resort, there are actually 7 reasons it may be necessary to file bankruptcy.

The 7 reasons to file bankruptcy all have to do with what the creditors can do to collect their debt. It will be better to... read more

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