Archives: May 2014

Can I reaffirm my mortgage in a NC Bankruptcy?

Can we reaffirm our home mortgage? As an Asheville bankruptcy attorney I am often asked if mortgage loans can be reaffirmed. The short answer is no. The longer answer is that reaffirmation is a specific statutory process in which you agree to be bound by a certain debt after the...

What is a chapter 20 bankruptcy?

As an Asheville bankruptcy law specialist I occasionally file chapter 20 bankruptcy cases. You might ask, “What is a chapter 20 bankruptcy case?” In fact, if you’ve read my last blog post about the various bankruptcy chapters you will reasonable say, “There’s no such chapter in the bankruptcy code!” You’re...

What are the various bankruptcy chapters?

As an Asheville bankruptcy lawyer I’m occasionally asked how many chapters there are in bankruptcy. More often, I’m asked what a bankruptcy chapter is. It’s pretty simple. The bankruptcy code is one part of the United States Code (“USC”), which encompasses all of the Federal statutes. Our federal statutes are...