Student loan collection methods

Blog written by Columbia, SC bankruptcy lawyer Daniel Stone I have previously written articles about student loans. Student loans are often one of the worst loans you can sign up for. Why do I say this? Unlike most unsecured loans you may sign for in your life, student loan debts will stay with you the […]

Beware of the Tax Consequences from Settling Credit Card Debts

Tax debt article written by Columbia, SC attorney Daniel Stone Before many of my potential clients hire me, they ask me if can they settle credit card debts on their own. Sure you can, but do you fully understand the full legal consequences of settling your credit card debts? Lets examine some of the elements of settling a […]

What if I Get a Judgment Against Me Prior to Filing for Bankruptcy?

Sometimes I have a client rush to my office because they have a pending lawsuit and they want to file for bankruptcy before the creditor files a judgment. In most circumstances, I highly advise clients to file the bankruptcy before the creditor file a civil judgment. The reason for this is that even though your […]

How Long Does it Take for Bankruptcy to Stop the Collection Calls?

The filing of a bankruptcy prevents creditors from contacting you. The bankruptcy “automatic stay” puts a complete halt on creditor contacts to include collection calls. I tell my clients that the bankruptcy court sends out notices of the bankruptcy filing within a weeks time. In a Chapter 13 bankruptcy, the attorney will send a Chapter […]

Can I Apply for a Loan Modification While I am in Bankruptcy?

Loan Modification article written by Columbia, SC attorney Daniel Stone Many of my clients are hesitant to file for bankruptcy to save their home from foreclosure because they have a pending loan modification that has not been approved. The good news is that with most mortgage lenders, you can file for Chapter 13 bankruptcy and […]

Why it is Important to Hire a Bankruptcy Attorney

Below are a list of reasons as to why you should hire a bankruptcy attorney instead of trying to file the case yourself: 1. Exemptions. A bankruptcy attorney can safely gauge what state exemptions you should use and how they apply to your assets. Why is this important?  If you have $40,000 in equity in […]

How can bankruptcy help with child support arrearages?

Most of my clients with child support obligations know that bankruptcy will not wipe away their obligation to pay their child support obligation. However, not everyone knows that Chapter 13 bankruptcy allows a debtor to pay back child support arrearages in their plan payment over a five-year-period. This can be very helpful to a debtor who […]

When do the collection calls stop after filing for bankruptcy?

One of the most common questions I have from my bankruptcy clients is when do the collection calls stop after I file bankruptcy. Many of my clients mistakenly believe that the calls will not stop until the bankruptcy court approves their Chapter 13 plan or after they attend the creditors meeting. The true answer is that […]

When do the collection calls stop after filing for bankruptcy?

One of the most common questions I have from my bankruptcy clients is when do the collection calls stop after I file bankruptcy. Many of my clients mistakenly believe that the calls will not stop until the bankruptcy court approves their Chapter 13 plan or after they attend the creditors meeting. The true answer is that […]

What is the bankruptcy homestead exemption and how can it help me?

The bankruptcy homestead exemption is a state exemption that allows bankruptcy filers to protect the equity in their home. Without the exemption, a Chapter 7 trustee can take the debtor’s home and a Chapter 13 Trustee could demand a payment that covered the equity in the house. Up until 2007, South Carolina had one of […]