Outstanding credit card debt can have a significant impact on your ability to start a family, buy a car or purchase a North Carolina home. However, there are several strategies that you can choose from to pay down those obligations in a reasonable amount of time....
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Bankruptcy Help For Everyday People
Month: March 2021
Is student loan relief on the way?
On Behalf of Wootton & Wootton, P.C. | Mar 25, 2021 | Chapter 7
Student loan repayment obligations are a problem for many people in North Carolina and around the country, and now it appears there may be some relief in sight. While this is still a hot topic, there is a proposal on the table that would establish a Chapter 10...
Do you have to lose everything in bankruptcy?
On Behalf of Wootton & Wootton, P.C. | Mar 11, 2021 | Personal Bankruptcy
Contrary to popular belief, you don't have to lose everything when you file for bankruptcy in North Carolina. If you file for Chapter 13, you won't have to give up your assets at all. If you file for Chapter 7, you might have to relinquish some assets, but the law...
How bankruptcy can eliminate medical debts
On Behalf of Wootton & Wootton, P.C. | Mar 9, 2021 | Medical Debt
If you are struggling to pay your medical bills, it may be possible to have them eliminated by filing for bankruptcy. In addition to obtaining debt relief in a timely manner, you will likely be entitled to an automatic stay of creditor collection activities by doing...
Keeping a home in bankruptcy
On Behalf of Wootton & Wootton, P.C. | Mar 8, 2021 | Blog, Chapter 13, Chapter 7
Bankruptcy is a legal procedure that absolves the debtor in Durham, NC, of certain unsecured debts. Debtors often wonder about the fate of their home in bankruptcy, which depends on the type of bankruptcy. It is possible for debtors to keep their home if they meet...
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