The Christmas season is full of expenses. You may spend your money (or use credit cards) on gifts, decorations, travel and higher heating bills. Your wallet may suffer, especially if you decide to splurge on presents for the people you love or decorations to be the most wonderful house on the block. This spike in expenses can cause trouble for your finances.
For many people, filing for bankruptcy is the only way to get out of immense debt. Although any person or business may need to file for bankruptcy, there is an unfortunate trend popping up all over the country, including North Carolina.