Bankruptcy in SC Explained

Bankruptcy in SC Explained

The concept of bankruptcy itself is not that hard to understand. The United States has a whole area of law to help you take control of debt. The idea is you can erase some debt while reorganizing the repayment of other debts. All of this is done while, in most cases,...
Foreclosure and Bankruptcy in SC

Foreclosure and Bankruptcy in SC

Need help with Chapter 13 and Foreclosure? Keeping a roof over your family’s head is essential to their mental and physical well-being. For any number of reasons you’re behind on your mortgage payments and unable to get caught up. What’s more, the...
What Is Bankruptcy

What Is Bankruptcy

Bankruptcy was expressly provided for in Article 1 Section 8 clause 4 of the United States Constitution. Its purpose is to provide debt relief to persons and organizations facing financial challenges. Different types of bankruptcy relief are available under various...
The Basics of Bankruptcy in SC

The Basics of Bankruptcy in SC

A. Relief available under the Bankruptcy Code 1. Chapter 7: Sometimes called a liquidating chapter but losing property should rarely happen. a. Available to individuals and businesses (corporations, LLC’s, partnerships) b. Chapter 7 Trustee is assigned and...