The term “gray bankruptcy” is shorthand for a bankruptcy by someone age 65 or older. Unfortunately, as the U.S. population continues to age, the number of gray bankruptcies likewise continues to increase. The main cause for this, as a survey conducted by the National...
Serving Clients Throughout Upstate South Carolina
Serving Clients Throughout Upstate South Carolina
Bankruptcy
Has a debt collector threatened you?
Debt collection is big business in the U.S. In fact, according to reporting from CNBC, there are more than 7,000 third-party debt collection organizations in the country. If you fall behind on your bills, any one of these may contact you to try to secure payment. As...
How does a foreclosure proceed in South Carolina?
South Carolina allows mortgage lenders to use the judicial foreclosure process. When borrowers default on loans, the U.S. Department of Housing and Urban Development requires lenders to mail them a demand notice. HUD.gov explains that borrowers receiving notices have...
Can debt collectors use social media to harass you?
If you are like many Americans, you love to use social media to connect with your friends, family members and even strangers. As a business owner, you also may rely on social media to find new customers and maintain existing ones. Still, if you have delinquent debts,...
3 myths about filing for bankruptcy
From overwhelming credit card bills or unexpected medical expenses to difficulty keeping up with payments on a home or vehicle, there are many reasons that you may be struggling to keep up with your financial obligations. If you are like many Americans, feelings of...
What does vehicle repossession look like?
No matter where you are in life, debt can weigh heavy on your shoulders. Depending on your situation or in the event of an emergency, it may be crippling. When you begin to default on your vehicle loan, repossession on the part of your lenders is more and more likely....
5 ways the automatic stay can help during your bankruptcy process
The “automatic stay” is a powerful tool that becomes effective once you file for bankruptcy protection. What exactly is this and how will it help as you work toward a better financial future? Here are five ways the automatic stay goes to bat for you. 1. Wage...
The 341 meeting is a good first step toward your financial future
If you have decided to seek Chapter 7 or Chapter 13 bankruptcy protection, you will attend the 341 meeting shortly after you file. This is an important and informative stop on the road to a more secure financial future. What it is The “341 meeting” takes its name from...
What are the major differences between Chapter 7 and Chapter 13?
When you decide to file bankruptcy, you must choose which chapter to file. Typically, consumers will decide between Chapters 7 and 13. U.S. News and World Report explain there are some important differences between these two bankruptcy options that can help you to...
5 signs bankruptcy might be on the horizon
Many Americans live paycheck to paycheck and face financial turbulence with every unexpected expense. While this has become an acceptable norm, individuals often overlook consumer bankruptcy as a way to gain a fresh start toward a more stable financial future. It is...