September 18, 2024

Jillian Hishaw

Navigating Chapter 7 Bankruptcy in NC: Is Your ...

“In North Carolina, individuals filing for Chapter 7 bankruptcy can protect up to $35,000 of equity in their primary residence. This is due to the state's homestead exemption rule, which does not allow for the choice between state and federal exemptions, unlike some other states.”

September 5, 2024

Jillian Hishaw

If I Default on a SBA Loan, Can Bankruptcy Stop ...

“Bankruptcy can provide relief for individuals and businesses facing insurmountable debt. It is a legal process that allows borrowers to eliminate or repay their debts under the protection of the bankruptcy court. However, it's important to note that bankruptcy does not automatically eliminate administrative liens on your home. The impact of bankruptcy on administrative liens depends on the type of bankruptcy you file.”

August 22, 2024

Jillian Hishaw

Why Depending on Social Security is Not a Great ...

“One of the major concerns with relying solely on Social Security is the uncertainty surrounding its future. The program faces financial challenges due to an aging population and a decrease in the number of workers supporting the system. While the government has taken steps to address these issues, such as raising the retirement age and increasing payroll taxes, there is still a level of uncertainty regarding the long-term sustainability of Social Security. Depending solely on this program for retirement income may expose individuals to the risk of reduced benefits or potential changes to the program.”

August 8, 2024

Jillian Hishaw

Navigating Bankruptcy: Can You Exclude Some ...

“In the complex landscape of financial recovery, the interaction between bankruptcy and credit cards stands out as a pivotal concern for many. Deciding to file for bankruptcy is a significant step, fraught with both relief and challenges, particularly when it comes to managing existing debts. The common misconception that individuals can selectively exclude certain credit cards from bankruptcy proceedings underscores the necessity for clear, authoritative guidance on this matter. Understanding the legal and financial ramifications of such decisions is essential for anyone considering bankruptcy as a pathway to regain financial stability.”

July 23, 2024

Jillian Hishaw

If You Owe Property Tax in North Carolina & ...

“In conclusion, if you're a homeowner in Mecklenburg County, North Carolina, and you're struggling with past-due property taxes, you may have options beyond filing for bankruptcy. The Disabled Veteran Homestead Exclusion and the Senior Citizen Homestead Exclusion can provide significant tax relief, allowing you to keep your home and avoid the negative consequences of bankruptcy. By understanding your eligibility and navigating the application process, you can take control of your financial situation and secure a more stable future. Please click on the link to access the form to apply for relief of property tax fees https://www.ncdor.gov/2024-av-9-securedpdf/open”

US Resident

Jillian Hishaw

May 22, 2024

Can US Residents File for Bankruptcy?

Jillian Hishaw

May 22, 2024

“US residents, regardless of their citizenship status, can file for bankruptcy as long as they meet the residency requirements. Bankruptcy provides a legal process for individuals to eliminate or repay their debts and achieve a fresh financial start. It's important to consult with a bankruptcy attorney to understand the specific rules and requirements in your state. Additionally, considering alternatives to bankruptcy is crucial before making a decision. Seek legal and financial advice to explore all available options and determine the best course of action for your financial situation.”