The process of going through bankruptcy can take a great amount of long-term emotional and mental stress on someone. In addition to that level of stress, it can also raise a number of financial questions which only add to the amount of internal turmoil. North Carolina...
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Bankruptcy Help For Everyday People
Month: October 2020
Bankruptcy trustee must perform duties
On Behalf of Wootton & Wootton, P.C. | Oct 21, 2020 | Chapter 7
In Chapter 7 bankruptcy, also referred to as liquidation bankruptcy, one of the most important people is the trustee. A Chapter 7 trustee in North Carolina is responsible for collecting and liquidating the property of the bankruptcy estate and distributing the...
How to eliminate tax debt through bankruptcy
On Behalf of Wootton & Wootton, P.C. | Oct 13, 2020 | Chapter 7 Bankruptcy
If you owe money to the IRS, they can take steps such as garnishing your wages or putting liens on your property. However, it may be possible to put a stop to IRS harassment by filing for Chapter 7 bankruptcy. As soon as a North Carolina court receives your petition,...
How individuals can deal with bankruptcy and divorce
On Behalf of Wootton & Wootton, P.C. | Oct 7, 2020 | Chapter 13 Bankruptcy
While getting a divorce or filing for bankruptcy in North Carolina can be stressful, dealing with both issues at the same time can be overwhelming. Fortunately, with a little planning, there are steps that individuals can take to make the process easier. How can...
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