Student loan debt has long been a cause of great annoyance to personal bankruptcy lawyers. Many of my Charleston area clients struggle with student loan repayment. As I have discussed before in this blog, bankruptcy courts in South Carolina interpret the Bankruptcy Code to limit the circumstance in which you can use bankruptcy to eliminate…Details
We’re seeing more and more situations here in the Charleston area in which people have “tax messes.” Here are some things to keep in mind about tax problems. 1. File your taxes on time. Failure to file is actually a crime. You may need an extension. If you can’t file on time, file for an…Details
After you get your bankruptcy discharge—the order stating that you no longer owe your debts—there are some simple things you can do to improve your credit score.
If you have secured debt and you’re filing a Chapter 13 bankruptcy plan, it’s important to understand what it means to “surrender” property.
We’ve been at our current location for five years now, but effective June 13, we’ll be relocating to 103 Grandview Drive, Suite B, in Summerville. We’ve shared space with the Steinberg Law Firm
Tax debt can be discharged through bankruptcy, but you need to understand the rules. The key is filing your returns on time. I spend considerable time in my bankruptcy practice dealing with clients with tax debt. It’s common. And one common problem with these clients is that, all too often, they have not filed…Details
I frequently hear clients say things like, “I don’t want to file bankruptcy on my car.” You “file on” all debts, but you need to understand what that means. As I tell clients, you must list all your debts when you file bankruptcy under any Chapter of the Bankruptcy Code. That does not, however, mean…Details
Getting legal advice on the internet can be difficult–and dangerous. The internet is a good source of information, but it can also be a place to pick up bad advice. Knowing enough to be dangerous Sometimes knowing nothing is a lot safer than knowing a little. Recently, I saw a question on the legal site…Details
Chapter 13 is known as a “payment plan” or “reorganization” bankruptcy for individual debtors. The purpose of a Chapter 13 is to repay as much to creditors as you can over a three to five-year period. The big picture answer First, think big picture. You have income, and you have expenses. The difference between the…Details
It’s that time of year again. It’s the twice-yearly time when median income figures are announced by the U.S. Trustee’s office. The figures are based on Census Bureau reporting. The figures are important for two main reasons: First, generally speaking, if bankruptcy filers are below median income for their household size, the Bankruptcy Code allows…Details