South Carolina Bankruptcy Lawyers
How a South Carolina Bankruptcy Lawyer May Help
The bankruptcy laws in South Carolina could significantly change your life if you're struggling to get rid of your debt.
Bankruptcy is designed to eliminate your debts, as well as ensure your home, livelihood and future are protected. Before you file, you may want to get information on which type of bankruptcy is right for you, as well as strategies to make sure to you take full advantage of the help offered.
That's why many people seek out the help of a local bankruptcy lawyer. Your lawyer can look at your case, explain how the laws apply and how to ensure your property gets full protection.
Find out more during a free case evaluation with a local South Carolina bankruptcy lawyer. Get your free review when you complete the form on this page or call, toll free, 877-833-2410.
Filing Bankruptcy In South Carolina
Filing bankruptcy isn't as simple as signing your name to a piece of paper. But if you're working with a South Carolina bankruptcy lawyer then most of the most difficult processes may be handled for you. While your lawyer deals with court meetings and filing deadlines, you can focus on getting your life back on track.
You will, however, have a few things to do, such as deciding which type of bankruptcy is right for you.
South Carolina laws give you two main bankruptcy options: Chapter 7 and Chapter 13. Each is designed to help you in different ways, and depending on your situation only one type may be a good fit for you. Chapter 7 bankruptcy
is often used by folks who need to clear their credit card bills fast. It's specifically designed to help folks who don't have much income, because you won't need to make any regular payments to make Chapter 7 work.
If you qualify to file based on the means test and meet the filing requirements, your debt relating to credit cards, medical bills and personal loans could be completely wiped out in just a few months.
And, using the South Carolina Chapter 7 exemptions, you may be able to fully protect important property. Thanks to exemptions, there is rarely a forced a sale in a Chapter 7 case. The exemptions outline the amount and types of property that are fully protected. In South Carolina, exemptions include:
- $50,000 for your homestead, or more if multiple owners
- 100 percent of earnings for personal services
- $5,000 for one motor vehicle
- Up to $4,000 for household furnishings, goods, clothing, appliances, books, animals, crops and musical instruments
- $1,000 in jewlery
- $5,000 for cash and liquid assets
- $1,500 for any implements, professional books or tools of the trade
- 100 percent of all professionally prescribed health aids
However, if you need to eliminate debt from your home mortgage and car loans, then a Chapter 13 bankruptcy may be a better fit. Chapter 13 offers the strongest protections for your home, cars and other property.
Chapter 13 takes longer than a Chapter 7 case, and you will need to have some regular income so you can make monthly payments to your trustee. However, during the entire time of your filing you should be under the protection of the automatic stay, which is a powerful court order that protect filers from foreclosure, repossession, lawsuits and creditor harassment.
Talk to a South Carolina Bankruptcy Lawyer
Your bankruptcy lawyer can fully explain how Chapter 7 and Chapter 13 laws apply to you. Your lawyer may also work with you to ensure you get the full protection of things like exemptions and the automatic stay.
During a free case evaluation with a South Carolina bankruptcy lawyer you can get information on how the process works, and how the laws may help you get rid of your debt.
Then, once you have all the information you need, you can make a decision about the best way to protect your future.
Get your free case evaluation with a local South Carolina bankruptcy lawyer when you complete the free form on this page. Or, call toll free 877-833-2410 and we'll connect you right away.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.