Being sued by a debt collector is scary, especially for those of you facing your first lawsuit. Go through these steps as you formulate a response. First, DON’T PANIC! Realize that you’ll have ample time to respond. In South Carolina, you have 30 days from the date you’re served to answer the complaint. That’s plenty…Details
The COVID-19 pandemic has affected many people’s lives, including loss of jobs and closure of businesses. It has, without a doubt, greatly affected the economy. In line with this, many individuals and businesses are declaring bankruptcy. Thus, the U.S. government founded the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act was enacted…Details
When things don’t work out for you financially and your liabilities far exceed your assets, filing for bankruptcy seems like the next best option—and in many cases, it is. The federal courts can relieve people of previous debts or provide more favorable repayment plans so that debtors can start over on a clean slate. Like…Details
The Coronavirus Aid, Relief, and Economic Security Act was signed into law by the President on March 27, 2020. The CARES Act suspends the collection of student loans owned by the federal government, including interest, through September 30, 2020. It does not apply to student loans that are not owned by the Department of Education. …Details
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