Blog Posts - Chapter 7
What if My Chapter 7 Bankruptcy Case is Denied in South Carolina?
Case is Denied in South Carolina? You may consider filing for Chapter 7 bankruptcy if you do not earn a regular income or you have qualifying debts, including credit card debt or medical bills. Chapter 7 allows you to wipe the slate clean, giving you a fresh start. Your case...
READ MOREHow Long Does a Chapter 7 Bankruptcy Take to Complete in South Carolina?
Chapter 7 is a form of bankruptcy that allows you to liquidate your assets to eliminate debt. You are allowed to file for Chapter 7 every eight years, with the entire process taking 90 days to complete. Although the process is quicker than a Chapter 13 filing, it is important...
READ MOREWhat Happens If My Chapter 7 Bankruptcy Case is Denied in South Carolina?
If your Chapter 7 bankruptcy case is denied in South Carolina, it means the court reviewed your petition and decided to deny your case because you failed to meet the eligibility requirements for Chapter 7 bankruptcy. What happens after will depend on why your case was denied. However, one thing...
READ MOREHow Do I Qualify for Chapter 7 Bankruptcy?
If you are experiencing ongoing financial difficulties with no end in sight, you might be thinking that Chapter 7 bankruptcy can be a solution for you. You are not alone in this, as many people find themselves in a position where they cannot pay their debts and are searching for...
READ MORENew rules give debt collectors more ways to harass you
A new rule by the Consumer Financial Protection Bureau (CFPB) - which was initially created to protect consumers - tilts the playing field in favor of debt collection agencies. Under the new rule, finalized Nov. 4, bill collectors can contact you not just by phone but also by email, text...
READ MOREYou can rebuild your credit after filing for bankruptcy.
Depending on the chapter of bankruptcy, your bankruptcy filing will be on your credit report for up to a decade after filing. This leads many to believe that bankruptcy will do permanent damage to their credit score and that their credit score will cut them off from future home loans...
READ MOREHow does the means test work?
Before you file for a Chapter 7 bankruptcy, you will need to show the court you qualify for relief from your debt. One of the main ways you can show this is with the means test. This assessment will measure how much your income compares to your expenses. Since a...
READ MOREPutting an end to wage garnishment
Being subject to wage garnishment can be extremely demotivating and distressing. It can feel as though you do not have autonomy in your life because you are working only to have wages taken from you in order to pay off debt. Wage garnishment measures are generally only put in place...
READ MORECan I file for bankruptcy twice (or three times, or four…)?
It may surprise (or relieve) you to learn that filing for personal bankruptcy is not a one-time-only event. If you have used Chapter 7 or Chapter 13 bankruptcy in the past to get a handle on your debt and find yourself overwhelmed by debt again, you could be eligible to...
READ MOREJoey Lawrence files for bankruptcy after decrease in income
Many people think that money makes the world go round, and unfortunately, they are often not wrong. In order to carry out tasks, meet basic needs and attend to many of life’s obligations, money is needed. However, financial stability can be difficult to come by, and individuals who are struggling...
READ MOREScam businesses took millions from debtors in South Carolina
Student loans are an ongoing problem, and it does not look as if they are going anywhere soon. With trillions of dollars in student loans, people in South Carolina and across the rest of the United States are understandably eager for a solution. Unfortunately, many student loan debtors were taken...
READ MORECan Chapter 7 trustees request passwords to filer accounts?
Filing for bankruptcy is rarely a pleasant experience, but the hope of relief from debt makes the effort worthwhile for many. Chapter 7 bankruptcy offers the chance to have many unsecured debts discharged, providing a fresh start for those in South Carolina who have been struggling to keep their heads...
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