Wootton & Wootton, P.C.
Call Today For a Free Consultation
919-794-8660 800-610-3643

July 2016 Archives

What do most people worry about when it comes to their finances?

If, like many other people in North Carolina, you are worried about your finances, you are not alone. It turns out that most people share many of the same concerns when it comes to money. A recent study of more than 35,700 people concluded that financial concerns are a source of stress for many Americans, according to MarketWatch.

Co-signing of loans can lead to Chapter 7 bankruptcy

It is only natural for people in North Carolina to want to help others for whom they care to establish themselves financially. However, co-signing a loan may not only lead to a spoiled relationship but, in some cases, even Chapter 7 bankruptcy. If a person feels comfortable co-signing a loan, it is vital that he or she thoroughly studies the contract — including the fine print. It may be even better if an experienced attorney goes through it before it is signed.

Do my debts go away after I die?

If you have debts when you pass away, what happens to them will depend on what types of debts they are and what assets you leave behind. Any assets you have will be used by your estate to pay off your debts, according to the Penny Hoarder. It is up to the executor of your estate to identify all of your debts and see that they are taken care of. It is important to note that your debts are considered an extremely high priority and must be dealt with before any inheritances are given out.

Financial literacy a big problem for many Americans

A recent study found some troubling news when it comes to how much many Americans understand about their finances. The study found that when faced with a five question test of basic questions about finance, two-thirds of people failed to get at least four answers correct, according to Fortune. While it may seem logical to assume that many people would have learned some harsh lessons about money from the Great Recession, it does not appear to be true considering the number of people who can successfully pass the five question test has actually fallen 5 percent since 2009.

Learn How To Get A Fresh Start

Don't struggle with debts a day longer than necessary. Fill out this form to email our attorneys today.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

We have offices in Durham and Henderson for your convenience.

Connect with us:

facebook google plus

Durham Office
3200 Croasdaile Drive
Suite 504
Durham, NC 27705

Toll Free: 800-610-3643
Phone: 919-794-8660
Fax: 919-382-2042
Map & Directions

Henderson Office
1775 Graham Avenue
Suite 104
Henderson, NC 27536

Toll Free: 800-610-3643
Phone: 919-794-8660
Fax: 919-382-2042
Map & Directions