Bankruptcy attorney Raleigh in 2021

Top bankruptcy attorney Raleigh today? Most of the threats of repossession (repo) of personal property are bluffs and illegal threats. In order to legally repossess (repo) a car or other property, a creditor cannot breach the peace. This means that if they really want to get the property you can force them to get a court order. You can call the police and have them ordered off your land and even put in jail if they fail to leave. If a creditor (or repo man) uses threats to attempt to get property, you should record the repo, get witnesses, and call the police. They have no legal right to get property unless they can do it without breaching the peace. Sneaking in and stealing the car in the middle of the night from where you parked it in the street is legal. Threatening you or forcing themselves inside a home or garage is not legal in a repo. NOTE: If your vehicle is in your driveway they can repossess it if you don’t catch them and tell them to stop. Once their front tires hit the public road, wave goodbye to your car! Of course, Cameron Law can get that repo’ed vehicle back for you!

Avoid Taxes on an RMD with a Charitable Donation: Seniors who have a traditional 401(k) or IRA must take a required minimum distribution each year once they reach age 70 1/2. Those who don’t need this money for living expenses may want to consider having it sent directly to a charity as a qualified charitable distribution. “It’s basically a check issued from the IRA and made out to the charity,” Zollars says. This prevents the money from becoming taxable income and could help reduce the amount of Social Security retirement benefits that are deemed taxable, too.

The idea behind Chapter 7 Bankruptcy, is that you turn over all your assets to the Court, which in turn pays your Creditors from that property. In most cases, there is no property to turn over after you are allowed to keep the minimum allowed to “start over” (your exemptions). In North Carolina, you are allowed to keep $3,500 equity in a car, $5,000 in personal property, $35,000 in a home. For a married couple, filing bankruptcy jointly, these exemptions are doubled. Property is valued at what it would have brought at auction or liquidation. Find even more information on bankruptcy payment plan Raleigh.

Child and Dependent Care Tax Credit: A tax credit is so much better than a tax deduction—it reduces your tax bill dollar for dollar. So missing one is even more painful than missing a deduction that simply reduces the amount of income that’s subject to tax. But it’s easy to overlook the child and dependent care credit if you pay your child care bills through a reimbursement account at work. The law allows you to run up to $5,000 of such expenses through a tax-favored reimbursement account at work. Up to $6,000 in care expenses can qualify for the credit, but the $5,000 from a tax favored account can’t be used. So if you run the maximum $5,000 through a plan at work but spend more for work-related child care, you can claim the credit on up to an extra $1,000. That would cut your tax bill by at least $200 using the minimum 20 percent of the expenses. The credit percentage goes up for lower income households.

We want you to feel secure with Sheree as your attorney in your Chapter 7 bankruptcy or Chapter 13 bankruptcy. Sheree is a Board Certified Consumer Bankruptcy Specialist. We have an “A+” BBB® rating. Sheree has 18+ years of experience as a debtor bankruptcy lawyer in Raleigh, NC. We have the best Google Testimonials (click here) in North Carolina! And not least, our two money-back GUARANTEES! Legally we cannot offer any guaranteed outcome in any bankruptcy case. We do offer a return of attorney’s fees if a case is dismissed (see below). JFYI, we have never had to do this! If we do not think you can receive a discharge in Chapter 7 or 13 bankruptcy, we will not take your case! Can we be fairer than that? Discover more information on cameronbankruptcylaw.com. We have an A+ rating by the BBB®! We offer TWO written money-back guarantees!

The Chapter 7 process is quick, and it is the cheapest bankruptcy. It also offers you almost all the benefits of bankruptcy. It usually only takes about 120 days. It is often the best way to deal with a predatory mortgage where you owe 125% of the value of a home or you have a high-interest rate. It allows you to repair a poor credit rating and purchase houses and cars shortly after filing. Repairing your credit is done by making prompt payments on remaining accounts after you file. If you had bad credit before you filed a bankruptcy, Chapter 7 is a chance to repair your credit. A Chapter 7 bankruptcy can be reported on your credit report for 10 years, but your present bad credit will be reported for 7 years after the last collection action (which can make it last far longer than 10 years). Most people who file bankruptcy already have damaged credit, so a Chapter 7 bankruptcy is unlikely to harm it much more.

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