Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

        Once you have crunched the numbers and decided there’s no point in negotiating with your creditors — either because there are too many of them or they refuse to negotiate — you have to consider whether a bankruptcy filing is ...

Tagged with: bankruptcy

Last week’s column on the new small-business bankruptcy law (known as Subchapter V) generated a ton of email responses, most of which asked for guidance on whether a small business should consider a bankruptcy filing under the new law as ...

Tagged with: bankruptcy

        Dear Readers: Even in the best of times, money concerns can cause a lot of stress. But according to a recent survey by the National Foundation for Financial Education, nearly 9 in 10 Americans say that COVID-19 is making money ...

Tagged with: money management

Dear Carrie: I would like to gift a portion of my stock to my daughter. Do I have to sell it first, or can I simply gift it in the amount allowed this year? Also, I want her to hold ...

Tagged with: stocks

“I operate three hair styling salons as a franchisee of a big nationwide franchise. My state government has shut down our operations because of the coronavirus pandemic as we are considered a ‘nonessential business.’ As the projections for our state ...

Tagged with: negotiate

“My business has been shut down the past couple of months due to the COVID-19 pandemic. “My state is just beginning to ease things up a bit, and I may be able to open up again in the next couple ...

Tagged with: liquidation

Dear Carrie: I find myself in the unfortunate position of needing some cash in the midst of this horrible pandemic and the resulting market decline. I have a small emergency fund, but that’s not enough. What’s the best way to ...

Tagged with: cash flow

          Working from home (or WFH) is quickly becoming “the new normal.” The COVID-19 pandemic kicked the WFH movement into high gear, and many experts believe it will continue long after the crisis has passed. (This article makes a solid case.) ...

Tagged with: work from home

A lot of corporate executives who have been downsized in the economy downturn, especially those in their 40s and 50s, are looking to buy franchises. Their thinking seems to go something like this: — “My 401(k) has lost a ton ...

Tagged with: Franchise

  Dear Carrie: I would like to gift a portion of my stock to my daughter. Do I have to sell it first, or can I simply gift it in the amount allowed this year? Also, I want her to ...

Tagged with: stocks