Chapter 7 or Chapter 13 bankruptcy?

  The first question I am asked by a potential South Carolina bankruptcy client is which chapter is best for them – Chapter 7 or Chapter 13 bankruptcy. Often, a potential client has done some preliminary research on the internet or they have some friends and family that have filed for bankruptcy before. While this […]

Chapter 13 bankruptcy in SC

One of the toughest decisions a debtor is forced to make is rather to file a Chapter 13 or Chapter 7 bankruptcy. While there are many benefits to a Chapter 7 bankruptcy, this blog explores the benefits to filing a Chapter 13 bankruptcy in South Carolina districts. 1. You do not loose your assets. In […]

Chapter 13 bankruptcy in SC

One of the toughest decisions a debtor is forced to make is rather to file a Chapter 13 or Chapter 7 bankruptcy. While there are many benefits to a Chapter 7 bankruptcy, this blog explores the benefits to filing a Chapter 13 bankruptcy in South Carolina districts. 1. You do not loose your assets. In […]

Chapter 7 or Chapter 13 bankruptcy?

  For most debtors, they have often have a choice in either filing for Chapter 13 bankruptcy or Chapter 7 bankruptcy. Understandably they want to know which option is better suited for them. The answer is that it depends. Most of my Chapter 7 clients either are current on their mortgage and car loans or […]

Can I change to a Chapter 7 bankruptcy?

Chapter 7 article written by Columbia, SC bankruptcy attorney Daniel Stone Many Chapter 13 bankruptcy clients at some point during their plan payments consider changing or “converting” to a Chapter 7 for multiple reasons. Some of these reasons include a loss of income or the debtor has decided to surrender a particular piece of property. […]

Do I need a bankruptcy attorney?

Article written by Columbia, SC bankruptcy attorney Daniel Stone Some of my bankruptcy clients ask me if it is necessary to have an attorney to file for  bankruptcy protection. My answer is that while an attorney is not required, in most cases a Debtor needs an attorney to file the bankruptcy because they find that […]

Which is better to file – Chapter 7 or Chapter 13?

  The first question I am asked by a potential South Carolina bankruptcy client is which chapter is best for them – Chapter 7 or Chapter 13 bankruptcy. Often, a potential client has done some preliminary research on the internet or they have some friends and family that have filed for bankruptcy before. While this […]

Which is better to file – Chapter 7 or Chapter 13?

  The first question I am asked by a potential South Carolina bankruptcy client is which chapter is best for them – Chapter 7 or Chapter 13 bankruptcy. Often, a potential client has done some preliminary research on the internet or they have some friends and family that have filed for bankruptcy before. While this […]

What is considered an asset when filing for bankruptcy

 Article written by Columbia, SC bankruptcy attorney Daniel Stone One of the hardest things for a prospective bankruptcy client to understand when filing for bankruptcy is what is an asset?  When filing for bankruptcy, a Debtors’ assets include ALL legal and or equitable interest of the Debtor. Huh? What does that mean? Lets deal with […]

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

South Carolina has historically had the lowest exemptions in the United States. Exemptions are important in bankruptcy purposes because it allows debtors to protect equity in certain property. The higher exemptions, the higher amount of equity you can have in your assets and still save them from being taken away by the bankruptcy trustee. The […]