The North Carolina Bankruptcy Information Blog

@font-face { font-family: “Times”; }@font-face { font-family: “ＭＳ 明朝”; }@font-face { font-family: “Cambria Math”; }@font-face { font-family: “Georgia”; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in It’s that time of year again: baseball season. The smell of freshly-cut grass, the crack of the bat, the seventh inning stretches to the sound of the organ and the smell of a hot dog.

It’s also time for another great bankruptcy metaphor.

A personal bankruptcy can be just like a baseball game. Bankruptcy is ultimately an adversarial process during which there are many players on the field competing to achieve a fair and balanced result.…

It’s that time of year again: baseball season. The smell of freshly-cut grass, the crack of the bat, the seventh inning stretches to the sound of the organ and the smell of a hot dog.

It’s also time for another great bankruptcy metaphor.

A personal bankruptcy can be just like a baseball game. Bankruptcy is ultimately an adversarial process during which there are many players on the field competing to achieve a fair and balanced result. In the process, it’s important to understand all you can about each one—including their individual roles—in order to feel confident that you can win the game.…

Gambling, not at all unlike compulsive spending in department stores, can often lead to serious financial pitfalls. Despite the prevalence of gambling addictions in America, debts incurred by too much betting were at one time non-dischargeable in bankruptcy. While the specifics of dischargeability with any type of debt should be explored with a bankruptcy attorney, it is important for you to know that if you count gambling losses as one of your reasons for bankruptcy, the odds are in your favor that it can be discharged.

Bankruptcy research suggests that close to 10 percent of all filings are connected to gambling.…

In this age of near double digit job loss, devious credit card practices, multiple industry collapses, and out of control government spending that promises a future of oppressive taxation, it’s a wonder anyone is still able to keep his head above water. More and more people are now realizing that they are at the helms of rapidly sinking ships. What’s astonishing is that amidst all the dour economic predictions, people are still finding the will and strength to try to rise above the bad luck, poor decisions, or whatever put them in dire financial straits and get back on solid footing again.…