Category Archives: Creditor Seizing of Assets

Question: If I file for bankruptcy, do I have to give up my 401k?

One of the few answers that I can give that is relatively absolute is that a 401k is exempt in a bankruptcy case.  This means that unless there is some type fraud, your 401k is safe from the reaches of … Continue reading

Posted in Chapter 11, Chapter 13 Bankruptcy, Chapter 13 Bankruptcy Plan, Chapter 7, Creditor Seizing of Assets, EXEMPTIONS | Leave a comment

EXEMPTIONS UNDER SOUTH CAROLINA AND BANKRUPTCY LAW

There are many exemptions that exist under South Carolina Law that can be used to protect assets from a creditor and/or Trustee. These exemptions apply whether in a Bankruptcy Case or if a creditor is trying to find assets to … Continue reading

Posted in Broke Emotionally & Financially, Creditor Seizing of Assets, EXEMPTIONS, GENERAL INFORMATION | Tagged , , , , | Leave a comment

WHY YOU LOVE EXEMPTIONS AND REPOSSESSIONS SELDOM OCCUR

WHY YOU LOVE EXEMPTIONS AND REPOSSESSIONS SELDOM OCCUR  Exemptions are why you should not be terrified of most creditors. Before we talk about what exemptions are, let’s talk about what they are not. Exemptions are not something that helps you … Continue reading

Posted in Broke Emotionally & Financially, Creditor Seizing of Assets, EXEMPTIONS | Tagged , , , , , , | Leave a comment

BANKRUPTCY AND OFFSET/SETOFF

BANKRUPTCY MAY SAVE YOUR BANK ACCOUNT One of the worse things that can happen to you is for your bank account to be suddenly drained of cash.  This happens because your bank has the right of offset.   What this means … Continue reading

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