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 […]

New Chapter 13 filers need to get their 2013 taxes prepared

Chapter 13 bankruptcy article written by Columbia, SC and Florence attorney Daniel Stone New Chapter 13 bankruptcy filers in 2014 need to have their 2013 tax returns prepared as soon as they receive their W-2 forms to comply with IRS and bankruptcy regulations and case law. I recommend to my clients so there will be no delay […]

Three of the Worst Debts to Have in South Carolina

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. […]

Three of the Worst Debts to Have in South Carolina

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. […]

What Do I Do If I Need to File Bankruptcy But I Cannot Locate My Taxes?

Proof of filed taxes is a requirement for filing bankruptcy. However, some of my clients cannot find their previous three years of tax returns. What do you do then?  First, call your accountant or tax serivce to see if they have a copy. Second, call the IRS and ask for a transcript for each year […]

How does Chapter 13 Bankruptcy help with IRS Taxes?

Tax debt article written by Columbia, SC attorney Daniel Stone Chapter 13 bankruptcy can help debtors with both IRS and South Carolina Department of Revenue taxes. Most people assume bankruptcy cannot eliminate taxes. While it is true that bankruptcy cannot discharge many debts, there are some taxes that Chapter 13 bankruptcy can lower to the same […]

Top 5 reasons why bankruptcy is the best form of debt relief

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 […]

How bankruptcy can help with tax debt

Tax debt article written by Columbia lawyer Daniel Stone Bankruptcy can be very beneficial to debtors seeking tax relief. Depending on the type of tax debt and age of the debt, bankruptcy can be very helpful. The most significant gains can be seen with federal and state income taxes older than three-years-old. If the income […]

Can I go to jail for not paying my debts?

I am often asked by my clients if they can be sent to jail for not paying their debts. While some may laugh   at such a question, the question is often asked because a local police officer serves a client a lawsuit or the client receives a letter from the sheriff’s office to contact […]