Law Offices of John T. Orcutt Bankruptcy | North Carolina Bankruptcy Blog
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The Bankruptcy Law Offices of John T. Orcutt is a debt relief agency that practices consumer debtor bankruptcy law. We assist those in debt file for federally protected bankruptcy relief.
Law Offices of John T. Orcutt Bankruptcy | North Carolina Bankruptcy Blog
1w ago
When you file for bankruptcy, whether Chapter 7 or Chapter 13, it can have implications for any outstanding debts you have, including a reverse mortgage. Here's how it may affect a reverse mortgage ..read more
Law Offices of John T. Orcutt Bankruptcy | North Carolina Bankruptcy Blog
2w ago
The Biden administration announced a rule Tuesday to cap all credit card late fees at $8, or about one-quarter of the average late fee of $32. It's the latest effort from the White House to attack what it calls "junk fees," or excessive fees that can push up the end price of products.
Why the Change?
The CFPB acted to address what it saw as excessive late fees. Prior to the change, some fees could reach as high as $41. The goal is to make fees more reasonable and proportionate to the actual cost of late payments for credit card companies ..read more
Law Offices of John T. Orcutt Bankruptcy | North Carolina Bankruptcy Blog
3w ago
No Right to Cure: North Carolina doesn't have a "right to cure" law for vehicle repossessions. This means your lender can repossess your car without notice if you fall behind on payments.
Contract Terms: Your car loan contract outlines the default terms and whether you have any grace period to catch up on payments before repossession.
Contact Your Lender ..read more
Law Offices of John T. Orcutt Bankruptcy | North Carolina Bankruptcy Blog
1M ago
The Department of Education Department officials spent Thursday and plan to carry on Friday with borrowers and experts over the details of the Biden administration's latest student loan forgiveness proposal. The meetings come after the U.S ..read more
Law Offices of John T. Orcutt Bankruptcy | North Carolina Bankruptcy Blog
1M ago
Type of bankruptcy ..read more
Law Offices of John T. Orcutt Bankruptcy | North Carolina Bankruptcy Blog
1M ago
Debt settlement is a process where a debtor negotiates with their creditors to reduce the amount of debt owed. While legitimate debt settlement companies exist, there are also scams that consumers should be aware of. Here are some key points to consider:
Debt Relief Service Scams ..read more
Law Offices of John T. Orcutt Bankruptcy | North Carolina Bankruptcy Blog
1M ago
North Carolina bankruptcy exemptions are laws that allow debtors to keep some of their property and assets when they file for bankruptcy. Some of the common exemptions in North Carolina include ..read more
Law Offices of John T. Orcutt Bankruptcy | North Carolina Bankruptcy Blog
2M ago
Yes, your 401(k) is generally safe in bankruptcy. According to Bankrate, your retirement funds are protected by the Employee Retirement Income Security Act (ERISA) if you file for bankruptcy. The FindLaw website also confirms that your 401(k) or IRA retirement accounts are protected from bankruptcy. However, there are some cases where your 401(k) assets can be seized, such as if you have outstanding un ..read more
Law Offices of John T. Orcutt Bankruptcy | North Carolina Bankruptcy Blog
2M ago
Foreclosure can be caused by a variety of reasons. According to a report by Ami House Buyers, some of the most common reasons for foreclosure include ..read more
Law Offices of John T. Orcutt Bankruptcy | North Carolina Bankruptcy Blog
2M ago
What is the latest with student loan debt relief? Well, the federal government trumpeted the initial success of an initiative to make it easier to eliminate student loans when filing for bankruptcy relief. However, like most things in Washington, the enthusiasm to have a clear path left room to be desired than consumers advocates had hoped ..read more