Personal Bankruptcy

We all know when we go bankrupt but often we decide to postpone our decision out of the fear that filing for bankruptcy will lead us to the eternal abyss of endless despair.  Perhaps you delay the decision of bankruptcy filing with the hope to find out another alternative. But face the reality! Do you [...]

Most people would prefer to avoid bankruptcy, the most harsh debt relief option, at all cost.  Sometimes, bankruptcy is unavoidable, due to serious unexpected financial hits that you don’t have the resources to deal with yourself. But often, smart financial management can help you address financial problems before they become so great that bankruptcy is [...]

Chapter 7 bankruptcy information is good to know, especially if you are considering bankruptcy for your business. Or, if you are planning to file chapter 7, you should understand the basics.
Also called straight bankruptcy, chapter 7 is about the liquidation proceeding. It involves the debtor who is expected to turn over all non-exempted properties to [...]

There are two basic types of personal bankruptcy, Chapter 7 and Chapter 13. The laws changed in 2005 and now certain conditions must be met before filing for bankruptcy under either chapter. As soon as you file you get immediate protection from the harassing collection efforts of your creditors. This is called an automatic stay.
There [...]

In my Charleston, South Carolina bankruptcy practice, I deal with folks who are overwhelmed with debt. If you’re in that situation, it’s important to know your rights under the Fair Debt Collection Practices Act (”FDCPA”). Generally, while a creditor may call a debtor at work regarding a debt, a third-party debt collector is prohibited from [...]

The Effect of Filing for Bankruptcy on a Home Foreclosure
In the years leading up the recent financial crisis, the housing bubble spurred a dramatic rise in new home ownership.  At the same time, many of the nonconventional mortgage schemes (also known as “subprime” loans) precipitated many of the financial woes currently being felt by millions [...]