Bankruptcy FAQ

If you're considering bankruptcy, you likely have a lot of questions. At the North Carolina bankruptcy law firm of Wootton & Wootton, P.C., we're committed to getting you answers. Below you will find general information regarding frequently asked questions about bankruptcy.

What Types Of Debts Can Bankruptcy Get Rid Of?

In general, most unsecured debts can be discharged (wiped away) in bankruptcy. These include credit card debt, unpaid medical bills, personal loans and the like. Find out more about the difference between secured versus unsecured debts.

What's Involved In The Bankruptcy Process?

The answer depends on your situation and which type of bankruptcy you are filing. Find out more about what to expect in Chapter 7 or read about the Chapter 13 process.

Will I Have To Go To Court?

In Chapter 7, you will likely not have to appear in court at all. However, it does involve a meeting with the bankruptcy trustee and creditors. Chapter 13 typically involves a simple creditors' meeting with a trustee. At our firm, you can expect one of our lawyers to stand beside you during the entire process, including any meetings or court hearings.

Will Bankruptcy Wreck My Credit?

While bankruptcy will affect your credit, it won't be a permanent mark against you. In fact, for most people considering bankruptcy, your credit is already suffering. Bankruptcy will clear away your eligible debts and enable you to start rebuilding your credit once again.

Can I File Bankruptcy More Than Once?

Yes! Subject to time limitations that may affect your ability to get debts discharged, you can file bankruptcy as many times as necessary. Learn more about repeat bankruptcy filings.

How Do I Know If Bankruptcy Is Right For Me?

If you're struggling with out-of-control debt, you owe it to yourself to consider your options. There's no substitute for meeting with an experienced bankruptcy lawyer. At Wootton & Wootton, P.C., you can find out whether bankruptcy is right for you by sitting down with one of our attorneys during a free consultation. Call 919-794-8660 or reach out to us at our Durham or Henderson office to get started.