Things to Know

The 30% debt settlement myth debunked.

Will you bank take a financial haircut on your loan? There’s a myth floating around that debt collectors will settle a debt for 50% or even 30% of the amount owed because they’d rather get “something instead of nothing.” Unfortunately, that’s not always the case. As an Asheville debt settlement...

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...