Debtors in North Carolina who file for bankruptcy may be able to reduce or eliminate most debt balances. In many cases, filing for bankruptcy also results in a lower credit score and tarnished credit history. Ultimately, this may jeopardize your plan to get a home...
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Bankruptcy Help For Everyday People
Month: July 2020
What should I know about bankruptcy and divorce?
On Behalf of Wootton & Wootton, P.C. | Jul 24, 2020 | Personal Bankruptcy
Divorce and bankruptcy often go hand-and-hand for North Carolina residents. Financial problems often contribute to breakup of marriages or, at least, are in the mix when a couple’s relationship is on the rocks. On the other side of the coin, divorce creates a huge...
How medical debt can impact one’s credit score
On Behalf of Wootton & Wootton, P.C. | Jul 20, 2020 | Medical Debt
No one plans for a medical emergency, but they happen all the time in North Carolina. A sudden illness, a violent car accident, or an injury at work can leave a person in pain, unable to do their job, and struggling to keep up with their lives. Very quickly after a...
Will I lose my car when I file for bankruptcy?
On Behalf of Wootton & Wootton, P.C. | Jul 17, 2020 | Chapter 13, Chapter 7
This is one of the most common questions people ask. Will I lose my car when I file for bankruptcy protection? There are a lot of rumors and misinformation swirling around that filing bankruptcy automatically makes you lose your car. In reality this is far from the...
How debt could be discharged in Chapter 13 bankruptcy
On Behalf of Wootton & Wootton, P.C. | Jul 1, 2020 | Chapter 13, Chapter 13 Bankruptcy
There are many different purchases that people in North Carolina make using credit cards or by taking loans out for the purchase. People also may incur unexpected bills such as medical bills from an unexpected illness or injury. It is not uncommon for people to have...
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