Many of my clients come to my office due to a creditors’ efforts to collect on their debt. Let’s take a brief look at some of the ways creditors can collect on their debts in South Carolina. First, lets examine some basic guidelines that apply to collections for South Carolina. The first guideline is that…

Article written by Columbia, SC bankruptcy lawyer Daniel Stone Unfortunately, medical debt is a major reason for people filing for bankruptcy protection in the United States. For many of my clients, there is no way around a major medical issue. But for some, either some pre-planning on medical insurance or learning how to negotiate with…

I am often asked by my bankruptcy clients are there certain debts that are better than others. The answer is yes. Below are the top three worst debts to have in my opinion. The reason these debts make my top three is because bankruptcy discharge powers either have no affect or there are multiple exceptions. 1….

Most of my clients are very hesitant to file bankruptcy because they have been told since they were young that it is immoral not to pay your creditors back. While I admire this about my clients, I have to kindly tell them that historically, bankruptcy has always been an option. The Old Testament is one…

Bankruptcy is the best form of debt relief for many reasons to include the following Top 5 reasons: 1. Unlike debt consolidation plans, Chapter 7 bankruptcy wipes out/discharges all your unsecured debt. Chapter 13 in most cases wipes all your unsecured debt at only a cost of a few pennies on the dollar. 2. Chapter…

I am often asked if bankruptcy or debt consolidation is better for dealing with credit card debt. Although I am a bankruptcy attorney, I try to maintain an objective view on other ways of dealing with debt obligations. In theory, debt consolidation is a great idea if it can significantly reduce all the credit card…

No. Child support arrearages or future child support obligations are not discharged in either a Chapter 7 or Chapter 13 bankruptcy. Chapter 13 bankruptcy does allow for a debtors child support arrearages to be paid through the Chapter 13 plan. Please note the debtor will have to pay this particular debt at 100 percent in…

Should I file Chapter 7? This is the most common question I receive from my clients. This is not an easy answer and I can only answer the question after undergoing a consultation with you to determine your income, family size, list of debts, prior filings, and list of assets. That being said, if you…

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