Declaring bankruptcy is beneficial because it can protect you from lawsuits and end numerous calls and letters from creditors. However, the system's purpose is to help people sinking into high debt. Thus, to filter those who may want to take advantage of it when they...
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Bankruptcy Help For Everyday People
Month: April 2023
How long does a Chapter 13 bankruptcy take?
On Behalf of Wootton & Wootton, P.C. | Apr 20, 2023 | Chapter 13 Bankruptcy
The bankruptcy process can be a relatively lengthy one. Each form of bankruptcy has slightly different requirements. Individuals typically understand that Chapter 13 bankruptcy takes substantially longer than Chapter 7 bankruptcy because of the repayment plan required...
Is it time to file for bankruptcy?
On Behalf of Wootton & Wootton, P.C. | Apr 11, 2023 | Personal Bankruptcy
Filing for bankruptcy can be a challenging decision to make, but some situations may call for it. Avoiding or delaying getting more information on bankruptcy and declaring may lead to more problems. Thus, it's vital to know which bankruptcy option works for you and...
What are secured and unsecured debts?
On Behalf of Wootton & Wootton, P.C. | Apr 4, 2023 | Debt Relief
People who are drowning in debt may try to decide whether to file for bankruptcy. One factor that comes into the picture when you’re going through this is what type of debts you have. Different debts are treated in different ways when a bankruptcy is filed. There are...
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