June 24, 2019

Help Homeowners Facing Foreclosure: Part One of Three

Foreclosures and short sales face thousands of Carolinians. I wrote this three-part series to give readers facing Carolina foreclosures and short sales straightforward information that is grounded in North Carolina law and the federal Bankruptcy Code. Sadly, four years into the financial meltdown, I continue to get a steady stream of calls asking for help preventing home foreclosures, forced … [Read more...]

Experienced Chapter 13 Bankruptcy Attorney

Filing a Chapter 13 bankruptcy case isn’t as straightforward as a Chapter 7 case. I usually find that my Charlotte area clients who need Chapter 13 bankruptcy protection have issues with businesses and partnerships that need to be unwound or otherwise dealt with; they often have unpaid tax liabilities with the state and IRS; and they may have a number of mortgaged properties and other assets they … [Read more...]

What to Look for in a Bankruptcy Attorney: Experience

Unfortunately, in this recession, bankruptcy and debtor/creditor relations is a growth industry, and as such there are some Johnny Come Latelys. The fact is, experience counts, and the cheapest bankruptcy attorneys in town are not the most experienced.   When it comes to handling your financial concerns, you want experience. When I meet with new clients, I sometimes find out that they've … [Read more...]

Charlotte Home Equity Falls, Self-Financing Options Diminish for Unemployed

Charlotte made the news this week, but not in a way that makes homeowners happy, especially those who are un- or under-employed.  The Case-Shiller Home Price Index found that values in the Charlotte market are back down to 2004 levels. In Charlotte, homes are going for 2004 prices. Last year, more than half of the homes sold in surrounding Mecklenberg County were foreclosures, says Mark Vitner, a … [Read more...]

Bankruptcy Trustee Basics

In addition to my private practice, I serve as a Chapter 7 Trustee for the United States Bankruptcy Court for the Western District of North Carolina.  Few people know what this means and how this service helps my private practice clients, so here's a primer. What's a bankruptcy trustee? Chapter 7 Trustees (also known as panel trustees) are not government employees. Here in the Western District … [Read more...]

Charlotte Bankruptcy in the Headlines

When you've been around as long as I have, you call things as you see them.  Maybe that's why reporters call me to comment on high-profile bankruptcy cases. Charlotte's 210 Trade files Chapter 7 Bankruptcy In case you missed my 2-second TV debut last week on WSOC, here's a link to what I said about the 210 Trade condominium bankruptcy filing when the reporter asked if buyers were likely to be … [Read more...]