Medical debt affects over 137 million Americans in North Carolina and across the country. Despite the passage of the Affordable Care Act, many people face expensive medical bills that they are unable to repay. According to one study, medical bills are the primary...
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Bankruptcy Help For Everyday People
Month: November 2019
Bankruptcy rates among older Americans are soaring
On Behalf of Wootton & Wootton, P.C. | Nov 13, 2019 | Chapter 13 Bankruptcy
Senior citizens in North Carolina and around the country are filing for bankruptcy in unprecedented numbers according to a recent study. Chapter 7 and Chapter 13 bankruptcies filed by Americans between 55 and 64 years of age have risen by 66% since 2016, and the...
What happens to your debt if your ex-spouse files for bankruptcy?
On Behalf of Wootton & Wootton, P.C. | Nov 8, 2019 |
During a divorce, the North Carolina family courts determine a reasonable and fair way to split up both the assets you've acquired during your marriage and the debt you share as a family. Many times, the spouse who has greater overall assets or income will wind up...
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