For those who’ve been there, bankruptcy is like being stuck between a rock and a hard place. You’re working hard to repay debts, but can hardly fathom the day when they’ll be repaid in full. The decision to declare bankruptcy isn’t an easy one and the process of making it official can be even more complicated. Fortunately, Rashad Blossom of Blossom Law in Charlotte, North Carolina is here to help you “get to a better place” – just as his firm’s slogan says. If you’re considering a chapter 7, 11 or 13 filing, it’s essential to know about every string that’s attached to doing so and other implications for your future. With Mr. Blossom’s careful assistance, this is absolutely possible.
Rashad Blossom, of North Carolina law firm Blossom Law, focuses on bankruptcies and restructuring. As former vice chair of the American Bar Association’s bankruptcy law committee under the young lawyers division, Mr. Blossom was able to take an already-accomplished career and share his insight with fellow members. Additional career experience, as it pertains to bankruptcy cases, includes representing high-profile corporate clients in Chapter 11 bankruptcy cases. The outcomes of some of these cases included saving one client $10 million as well as a published court decision that could set the tone for future cases. Mr. Blossom recognizes that individuals considering a bankruptcy filing aren’t looking for millions in savings. They merely seek the assistance of a professional and friendly lawyer that’s going to help from between the rock and the hard place.
For those who’ve found this website through their own bankruptcy due diligence, it’s also crucial to know about the many rules and expectations of someone who plans to file for Chapter 13 bankruptcy. Again, the rules are many, but as the Internal Revenue Service (IRS) correctly explains, those who could take this route must be “wage earners, the self-employed and sole proprietors (a one-person business).” Further, they “must have regular income, have filed all required tax returns for tax periods ending within four years of your bankruptcy filing and meet other requirements set forth in the bankruptcy code.” Bankruptcy is all about a “fresh start,” as the IRS says, and the end result will be a discharge of liability from certain personal debts. To arrive at this ideal scenario, Rashad Blossom of Blossom Law in North Carolina is the person to help you get there.
We are required by law to state that we are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.