Craft Law Firm, Author at Craft Law Office - Page 7 of 11

Reversing the Stigma Around Bankruptcy

Posted on August 8, 2022January 30, 2026 by Craft Law Firm

Most people associate declaring bankruptcy with laziness, dishonesty, irresponsibility, and immaturity. This stigma typically turns people away from the idea of declaring bankruptcy. Bankruptcy tends to be seen as the finish line instead of the starting line. So, where did this stigma come from?

The idea that success = financial status.

This concept is flawed for a lot of reasons. Our society associates being wealthy with being successful. While promoting this, society is also ignoring much of what goes into becoming wealthy (socioeconomic status, resources, access to healthcare and education, generational wealth, etc.) This idea is the driving force behind the stigma that people who declare bankruptcy are lazy. Your success isn’t measured by the amount of money you have; declaring bankruptcy can get you back on even ground so you won’t be at such a disadvantage.

People who declare bankruptcy are untruthful.

Oftentimes, people who declare bankruptcy are concerned with being perceived as untruthful, and as taking advantage of creditors. However, those who typically declare bankruptcy are forced into that situation for reasons that are out of their control. An example of this could be a health crisis with significant medical bills. You’re not untruthful; you were dealt a difficult situation.

People who declare bankruptcy are irresponsible.

Let’s use the health crisis example again. Unfortunately, this is a common thing that happens in the United States. Not only is that something that is out of your control, but it affects your ability to work and make money while raising significant debt. And, once again, you aren’t being irresponsible; you were put into an impossible situation.

Bankruptcy haunts you for the rest of your life.

If you’re worried about your credit score, it’s very possible to build back your credit score in a short time after filing for bankruptcy – typically within a year or two. If you’re worried about discrimination, there are protections placed in our economic systems built to protect you after declaring bankruptcy. What can haunt you forever? Debt.

If you have any more questions about bankruptcy or are wondering if bankruptcy is the right option for you, call Craft Law Offices at 252-752-0297 or visit our website at craftlawoffice.com. We’ll help you set up a free consultation and get you the help you need.

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Debunking Traffic Myths

Posted on July 21, 2022January 30, 2026 by Craft Law Firm

Don’t believe everything you hear – these are five popular traffic myths debunked.

A wider road is a safer road.

Lane sizes are typically between 10 and 12 feet. There is a common misconception that the narrower the road, the more dangerous it is to drive on. However, research has shown that cars typically drive faster in wider lanes, which essentially cancels out the “additional safety” granted by the extra space. Lower crash rates have been associated with 10-foot lanes than 12-foot lanes, and believe it or not, 10-foot lanes still move plenty of traffic, so they aren’t the reason for traffic jams either.

Red cars are more likely to be pulled over, and/or red cars have higher insurance rates.

We’re not sure where these myths came from; we just know they aren’t true. Personal driving practices get you pulled over, and insurance rates are based on your make, model, and year of your car, personal driving history, and credit history. The car’s color has nothing to do with the reason you get pulled over or why your insurance payments are so high.

Occasionally filling up with premium gas can make your car run more smoothly.

I’ve seen the gas prices, and I can tell you now – don’t waste your money. Your standard gas will keep your car just as effective as premium gas. When it comes to increasing your car’s performance, car engines aren’t made to take advantage of premium fuel. Premium gas won’t do anything extra for your vehicle. However, if your car requires premium gas, you shouldn’t put anything less than that in there. This could be potentially damaging to your car.

Traffic tickets don’t transfer to other states.

They do. Well… mostly. 44 out of 50 states are a part of the Non-Resident Violator Compact, and 45 states are a part of the Driver’s License Compact. This means that they all share ticket and driver’s license data.

Driving barefoot is illegal.

Ill-advised? Maybe. Illegal? No. Of course, there are some exceptions (in Alabama, you can’t drive motorcycles barefoot). Still, for the most part, you can take your shoes off while driving home from work, out to dinner, or back from your kid’s sports game! However, it is important to be mindful of where you put your shoes once they’re off – you don’t want your shoe to kick the brake pedal accidentally.

So, if it sounds far-fetched, it probably is. But if you find yourself headed to traffic court, contact Leslie at Craft Law Firm for your free consultation at 252-752-0297 or visit our website at craftlawoffice.com.

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FAQs About Chapter 7 Bankruptcy

Posted on July 15, 2022January 30, 2026 by Craft Law Firm

You have questions about Chapter 7 bankruptcy, and we have answers. Here’s the basics for what to know when you think of Chapter 7 bankruptcy.

What is Chapter 7 and how does it work?

Chapter 7 is a part of bankruptcy law that allows a person to file a case in bankruptcy court that permits the person filing, or the debtor, to discharge certain debts. Under Chapter 7, to be discharged of your debts, you must file a case, turn over all nonexempt property, and obey court orders.

Who can file under Chapter 7?

Pretty much everybody! If you’ve been granted a discharge under Chapter 7 or Chapter 13 within a certain number of years, commit fraudulent activity, aren’t an individual, or refuse to answer to and obey bankruptcy court, then you are not eligible for Chapter 7 discharge.

Can you and your spouse file under Chapter 7 together?

Yes! You use the same set of forms, and you only have to pay one filing fee.

Will I be discriminated against for filing for Chapter 7 bankruptcy?

No, it’s illegal for private and governmental employers to discriminate against you because you filed for Chapter 7 bankruptcy. It is also illegal for you to be denied any sort of license, permit, or grant because you have filed for Chapter 7 bankruptcy.

Will I be notified if my discharge has been granted?

Yes, typically the courts send a document called Discharge of Debtor to all creditors approximately 4 months after the case is filed. This serves as your notice. If your discharge was not granted, the courts will inform you why.

How many times can I file for Chapter 7 bankruptcy?

There is no limit on how many times you can file for Chapter 7 bankruptcy, just a waiting period of 8 years.

How long does the Chapter 7 process take and how long will it stay on my record?

The Chapter 7 process typically takes between four and six months from the time you first file to the time you receive a final discharge. There are various things that can affect your personal timeline. Chapter 7 will stay on your credit report for 10 years after it is filed.

If you’re interested in filing for Chapter 7 bankruptcy, contact Craft Law Offices for your free consultation at 252-752-0297 or visit our website at craftlawoffice.com.

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Jaywalking: Does the Punishment Fit the Crime?

Posted on June 30, 2022January 30, 2026 by Craft Law Firm

Jaywalking is defined as “crossing or walking in the street or road unlawfully or without regard for approaching traffic.” The fine for jaywalking in North Carolina ranges anywhere from $24-$174 and is considered a crime. This seems intense for simply crossing the street, so why is jaywalking such a big deal?

Jaywalking is very dangerous. In 2010, 4,280 people were killed and 70,000 injured due to traffic accidents involving jaywalkers. 79% of these accidents took place on non-intersections with no crosswalk. Similar to traffic laws, pedestrian laws are put into place to keep drivers, passengers, and pedestrians safe.

Drivers and pedestrians are accustomed to crosswalk rules, so it’s easier for pedestrians to judge if they can safely cross, and vehicle traffic understands to adjust accordingly. When jaywalking, it’s more difficult for pedestrians to measure their safety, and drivers tend to be caught off guard by jaywalkers. This puts everybody in and outside of the vehicle at risk.

The most common argument on why jaywalking should be allowed is the idea that pedestrians have the right of way. However, when it comes to jaywalking, this isn’t always true. A pedestrian can be at fault if they:

Cross the street where there isn’t a crosswalk
Don’t follow traffic signals
Walk on a road closed to pedestrians
Walk in front of a car without giving the driver enough time to stop

So when can you legally walk?

At an intersection
Where there is a crosswalk
Anywhere where there is a pedestrian walk sign

It’s important to stay safe and aware of the rules of the road. Pedestrians are largely at risk of getting hit. Any time a person is hit by a vehicle of any size, they’re likely to obtain serious injuries. Only walk in designated areas because anything else is considered jaywalking, and it isn’t worth the risk.

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Student Loans and Filing for Bankruptcy

Posted on June 16, 2022January 30, 2026 by Craft Law Firm

The average undergraduate student takes out $36,500 to attend a public university. Masters students, on average, take out an additional $46,600 for graduate school. Doctoral candidates in a Ph.D. program average $160,000. The average student attending med school takes out an additional $203,000.

Student loans can seem crushing and detrimental to your financial success. It doesn’t take long for student debt to begin to add up. Is filing for bankruptcy to rid yourself of student loans the best option for you?

It can be challenging to discharge student loans due to bankruptcy without the right attorney. In order to wave you clean of student loans, you must be able to show that repaying the debt will “impose an undue hardship” for both you and your dependents. If you and your attorney are able to prove undue hardship, then congratulations! Your student loans will be canceled. And because you filed for bankruptcy, you’re protected from collection to pay off your debts until your bankruptcy case is resolved.

Here are some questions to ask yourself if you feel like repaying your student loans is causing you undue hardship:

Are you having to choose between repaying your student loans and maintaining a minimal living standard?
Has it been challenging for you to pay back your student loans and maintain a minimal living standard for the better part of your loan repayment period?
Have you made an effort to repay your loans but just can’t seem to get there?
Would switching to a different payment plan or having a portion of your student loans waved help your financial situation?

If you answered yes to any of the questions, filing for bankruptcy to rid yourself of student loans might be the best option for you. Contact Leslie Craft at Craft Law Offices today at 252-752-0297 for your free consultation, and see if you can be financially free from your student loans.

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Should You Stop Paying Bills Before Filing for Bankruptcy?

Posted on May 23, 2022January 17, 2026 by Craft Law Firm

The one question debtors commonly ask before filing for bankruptcy is whether they should stop paying their bills or other expenses. It may seem like a waste of money to continue paying your creditors, especially if you anticipate having your debts discharged and after all, you are already struggling to make ends meet. Whether or not to continue paying your bills depends on what type of bankruptcy you plan to file, what types of debt you owe and when you plan to file your case.

Types of Bankruptcy Debt

Neither Chapter 7 nor Chapter 13 bankruptcy will cancel all types of debt, however, both options can help eliminate debt. You must still pay your daily living expenses, like housing, utilities and insurance. Some financial obligations that are secured or tied to property belonging to the debtor, like car loans, mortgages, or loans for electronics or furniture serve as collateral if you want to keep the property, so you will need to pay these bills. Other debts, such as medical bills, personal loans and credit cards are not connected to any asset, so if you fail to pay these bills, there is nothing the creditor can do unless they take further legal action.

Living Expenses

Are you considering filing for bankruptcy?

If so, you should evaluate your expenses to determine which are necessities and which are luxuries. Is cable television really a necessity?

You should continue paying your expenses that are necessary for daily life, such as rent, utilities, car insurance, and cell phone plan because these are all bills for ongoing services that you will continue to pay after filing for bankruptcy.

Car Loans

Car loans are a secured debt, so you must continue making regular payments if you want to keep your car. If you default on your payments, the lender has the right to repossess it. In a Chapter 13 repayment plan, you can restructure your car loan payments so they are more affordable. This is not an option if you file for Chapter 7 bankruptcy, however, you may be able to negotiate a reaffirmation agreement with the lender. In turn, your debt would be excluded from your discharge to keep your car under new terms.

Mortgage Payments

You should continue making regular mortgage payments after filing for bankruptcy if you want to keep your house. This is because your mortgage is a secured debt. As a condition of the mortgage, you gave the lender a lien against the property, therefore, the creditor has the right to foreclose on your home if you default on your payments.

Bankruptcy does not remove the lien, but can discharge your personal liability on a mortgage. Chapter 13 can help you catch up on your mortgage payments if you are behind. Remember, you must continue to make regular mortgage payments in order to keep your home, whether you are planning to file a Chapter 7 or Chapter 13 bankruptcy.

Spousal Support or Child Support

If you have obligations such as paying alimony or child support, neither are dischargeable in bankruptcy. This means you will still have to pay these debts, as determined by the court regardless of the outcome or type of bankruptcy you file. Chapter 13 may provide a repayment plan in order for you to catch up on missed payments, but you need to continue paying them during and after the bankruptcy proceedings.

Medical Bill or Credit Card Payments

Medical bill debts are unsecured and can be discharged during bankruptcy, so you should stop paying these expenses if you are close to filing.

Credit Card payments are also unsecured debts, meaning they are not tied to any asset. Both Chapter 7 and Chapter 13 bankruptcy will wipe out credit card debt. Therefore, if you are about to file for bankruptcy, you should stop paying credit card bills to avoid wasting your money.

When Do You Plan to File?

You should make sure you are going to file for bankruptcy and that you have a plan in place, before you stop paying your bills. It’s hard to catch up once you fall behind and late payments and penalty fees add up quickly. Also, this may give your creditors time to file a lawsuit.

If you want to file for Chapter 7 bankruptcy, you must meet certain standards to qualify. If you want to file under Chapter 13, you must make sure you have enough monthly income to satisfy a repayment plan to your creditors.

If you are not sure which type of bankruptcy is right for you, call Craft Law Offices and let bankruptcy attorney Leslie Craft explain these 2 types of bankruptcy to you. She can help you make the right decision based on your situation and needs.

Contact Craft Law Office

An experienced bankruptcy lawyer can help with any questions you may have regarding the type of filing and the timing that works best for you on how to handle your debts. Call 252-752-0297 and let us help you get your peace of mind back today.

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Will I Lose My License for a Speeding Violation?

Posted on May 11, 2022January 17, 2026 by Craft Law Firm

WILL I LOSE MY LICENSE IF I’VE BEEN PULLED OVER ON A SPEEDING VIOLATION?

You’ve just left a meeting and you’re heading home and traffic starts to pick-up, so do you. Everyone else is keeping up with traffic so you should be okay, right? Not necessarily.

WILL I LOSE MY LICENSE FOR DRIVING 15 MILES PER HOUR OVER THE SPEED LIMIT?

Not all speeding tickets lead to a suspension of your North Carolina driver’s license. In North Carolina the law for excessive speeding states that the Division of Motor Vehicles shall suspend a license for a period of 30 days of any driver without preliminary hearing on receiving a record of the driver’s conviction of either

exceeding by more than 15 miles per hour the speed limit, either within or outside the corporate limits of a municipality, if the person was also driving at a speed in excess of 55 miles per hour at the time of the offense, or
driving at a speed in excess of 80 miles per hour at the time of the offense.

Speeding 80 in a 65 mph zone, 70 in a 55 mph zone, or 60 in a 45 mph zone means a person is not a risk because it’s not more than 15 mph over the speed limit.

CAN LICENSES BE REVOKED FOR A PERIOD LONGER THAN 30 DAYS?

In some situations, your license could be revoked or suspended for up to six months. Generally, this means you have gotten more than two speeding tickets in a year or committed other traffic violations while speeding.

A license will be revoked for 60 days if an individual is convicted of:

Two speeding charges within one year
Speeding plus reckless driving on the same occasion

IS IT A MYTH THAT I COULD GET A TICKET DRIVING TOO SLOWLY?

Almost everyone has received a speeding ticket. However, North Carolina traffic laws allow police to ticket people driving too slowly because they could be impeding traffic flow. Also, going too slow in the left lane of certain roads could lead to a traffic citation.

WHAT RESULTS IN AN IMMEDIATE SUSPENSION?

Driving recklessly or aggressively could result in a license suspension. Expect your insurance rates to nearly double for three years. The expense of reckless driving could make it nearly impossible for you to continue driving even after your driving privilege has been restored.

WILL I NEED TO GET A LAWYER?

Each client’s case is unique. Even if you have met the requirements listed by the NC Official North Carolina DMV Website, it is likely that seeking legal counsel can help you avoid losing your driving privilege.

Attorney Leslie Craft has the experience you need to deal with bankruptcy and traffic violations. Ms. Craft’s goal is always to help her clients get past their legal problems and get on with their lives.

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Resources NC Drivers Should Know About

Posted on April 25, 2022January 17, 2026 by Craft Law Firm

As most people know, the internet is full of information, but how do you know what information is trustworthy and useful? We wanted to help North Carolina drivers answer that question, so we put together a list of three websites that can save you time, a potential headache and maybe some money.

The Official North Carolina DMV website

There are so many things you can do on the DMV website. You can check the status of your license and registration online, and you can even renew them online. Do you hate long lines at the DMV? Tired of being on hold for hours before getting to speak to someone? You can make appointments for a NC Real ID, License Renewal, Permits and many other things online. Simply visit the DMV website, put in your information and skip the line!

North Carolina Courts website

You received a ticket and you lose it, you’re not sure what to do. Go to the NC Courts website, put in your first and last name and you’ll be able to see the time, location and charges for your upcoming court date.

If you received a ticket and are looking for a traffic attorney to help you, you can also contact our office. We may be able to reduce your charge or modify your ticket to your advantage.

Craft Law Offices website

You received a ticket. You’re worried about losing your license, getting points added to your license and your insurance rates going up. There are a lot of traffic law attorneys, but Leslie Craft is a local traffic attorney who has a professional rapport with local prosecutors and judges which can work to her client’s advantage.

Our office will handle all the details of your case and send you updates throughout the process. Hiring an experienced traffic attorney is just a click away – and by hiring Craft Law Offices to represent you, you may not have to appear in court. Trust us to protect your driving record and your wallet. We offer free consultations in person or virtually.

We hope you’ve found these links useful. You can bookmark these pages and this blog for future reference. If you were looking for something in particular and didn’t find it here – just reach out and let us know how we can help!

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Financial Freedom After Bankruptcy

Posted on April 14, 2022January 17, 2026 by Craft Law Firm

If you are in debt, you may be thinking about filing for bankruptcy. Making a decisions about bankruptcy can be difficult, that’s why we recommend our clients understand what life will be like after they file.

It is essential that you take steps to bolster your finances during bankruptcy. It is also imperative that you are disciplined in following some steps once you’ve filed. Doing these two things together can help ensure you have the best financial life after bankruptcy.

Checking Credit Reports

Your credit report will take a hit due to the bankruptcy. Since most of your debts will be relieved in the bankruptcy, you need to make sure that those accounts are accurately reported. Once your bankruptcy is discharged, the accounts should reflect that. Make sure you continue to check your credit report yearly, for the rest of your life. By doing this you can see how debts are impacting you, while making sure you are not the victim of identity theft. If you see accounts on your credit report that are not yours, you should report them and investigate what is happening.

Setting a Budget

A budget can be your financial lifeline. You should set up your budget based on your income. Throughout your bankruptcy case, you have to be able to pay your normal bills along with the bills related to your case based on your income. When you set a budget and learn to live within the budget, you learn how to achieve financial freedom – during and after the bankruptcy.

Rebuilding Credit

Once your bankruptcy is discharged you can begin rebuilding your credit. You can start with a secured credit card and then slowly and responsibly add other forms of credit. Note that these credit opportunities could come with higher interest rates due to your current credit status. You should only charge what you can pay off and you should strive to not carry balances since doing so could lead to another financial crisis.

Having an Emergency Fund

Having an emergency fund could be key to your future success. Start saving now. No matter how little, you should make deposits into your savings. Your emergency fund should be able to cover your expenses for three to six months. This will keep you out of another financial crisis if an emergency popped up.

If you are feeling overwhelmed by your debts, take a hard look at your financial affairs. If you can’t find a way to get past your debts, bankruptcy may be an option for you. Call Craft Law Offices and let bankruptcy attorney Leslie Craft explain the two types of bankruptcy to you. She can help you make a decision about bankruptcy that is best for your situation and needs.

Call 252-752-0297 and let us help you get your peace of mind back today.

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Does Bankruptcy Affect Retirement Accounts?

Posted on March 22, 2022January 17, 2026 by Craft Law Firm

You may be wondering how filing for bankruptcy will affect your 401k or other retirement accounts. Will your accounts be used to pay creditors? Can you keep any of your retirement savings? Should you use your retirement accounts to pay down, or off, your debts rather than file for bankruptcy?

Leslie Craft, an experienced bankruptcy attorney in eastern North Carolina. can answer these and any other bankruptcy-related questions you may have. Knowing the answers to these questions will ensure you are well-informed before you decide if bankruptcy is right for you and your family. For bankruptcy advice that is specific to your situation, call Leslie at 252-752-0297 to schedule a free consultation.

CAN CREDITORS GET YOUR RETIREMENT ACCOUNTS?

Most retirement accounts, such as a 401k, are protected from creditors and cannot be touched by a bankruptcy trustee. These funds are protected by federal bankruptcy laws, so it is not a good idea to cash in any of your retirement accounts to pay off, or pay down, your debts.

In a Chapter 13 bankruptcy none of your assets are taken from you. Your monthly repayment amount is determined by your income and your retirement savings is only included if you want them to be. Under Chapter 7 bankruptcy, qualified retirement accounts are categorized as exemptions, meaning they cannot be liquidated to pay your creditors.

SHOULD YOU BORROW FROM A RETIREMENT ACCOUNT?

The answer is NO! Before you make the decision to withdrawal money from a 401k or other retirement accounts you need to speak with a knowledgeable bankruptcy attorney. Since these types of accounts are protected under bankruptcy law, you may be better off filing for bankruptcy and preserving your retirement funds. These are some reasons you should not access your retirement accounts if you are in over your head:

Cashing out your retirement account could lead to tax penalties for early withdrawal, potentially making your debt worse. Tax trouble is worse than credit card trouble!
Transferring your retirement funds into another account could mean they lose retirement fund exemption, thus becoming accessible to your creditors.
Moving funds into a retirement account before filing for bankruptcy could raise a red flag. Your bankruptcy trustee could think you are attempting to shield assets which is considered fraud.

Your retirement savings is a representation of years of hard work. Losing your retirement funds now, could be a major concern in the future. Make sure you contact a bankruptcy attorney and get answers to your questions from someone who has your best interest in mind. Get the debt relief you deserve without losing your 401k. Call Leslie Craft, a trusted bankruptcy attorney, she can help you evaluate your financial situation, so you make decisions that are best for you and your family.

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