Wootton & Wootton, P.C.

Bankruptcy Help For Everyday People

Call Today For a Free Consultation
919-794-8660

Bankruptcy & Estate Planning Help For Everyday People

February 2019 Archives

Credit card debt growing across the nation

Many people in North Carolina are struggling with insurmountable amounts of credit card debt. This is especially true if they have paid for some significant expenses on credit or their income has declined after signing up for new credit cards. Across the country, people are accumulating increasing amounts of debt; the average individual debt reached $5,331 in 2019 on credit cards alone. Most people are unable to pay off their full balance each month; only 45 percent pay in full when they receive their monthly statements.

How you can tell your finances are on the verge of disaster

It can be easy to look away and not pay attention to your troubled finances. However, even if “out of sight, out of mind” works for you, your finances will not get better by ignoring them. When you do not stay involved in your finances, you may not only miss when a major financial collapse is imminent, but you will not be prepared for it. One thing that can really help stave off any major financial problems is recognizing when a disaster is about to strike.

Why do most Americans file bankruptcy?

Every year, over 530,000 Americans file bankruptcy. However, you may still associate it with a negative stigma. Many people associate bankruptcy with irresponsible credit card spending or poor financial management, but the truth is far more complicated.

Start Planning For The Future Today

Want to get out of debt? Create a will? We can help.

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

Durham Office
3200 Croasdaile Drive
Suite 504
Durham, NC 27705

Toll Free: 800-610-3643
Phone: 919-794-8660
Fax: 919-382-2042
Durham Law Office Map

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