Category Archives: Broke Emotionally & Financially

WHAT HAPPENS IF I DON’T FILE BANKRUPTCY, AM I STUCK WITH THE DEBT?

Question: What Happens If I Don’t File Bankruptcy, Am I Stuck with the Debt? Question Detail: My friend and I purchased a timeshare together. Our friendship apart, but he said he would pay the bill but couldn’t because he lost … Continue reading

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DOES HIRING A LAWBREAKER TO HELP YOU OBTAIN A LOAN MODIFICATION MAKE SENSE?

The Consumer Financial Protection Bureau (CFPB) has filed an action against a law firm regarding it participation in a loan modification program. The allegations are numerous including making promises about the ability of the consumer to obtain relief and provide … Continue reading

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WILL MORTGAGE FORGIVENESS HURT MORE THAN IT HELPS?

A settlement has been reached between several of the mortgage companies and the United States Government regarding bad lending practices. As a part of the settlement, the balance owed on certain loans is being forgiven. How can it be bad … Continue reading

Posted in Broke Emotionally & Financially, Discharge, Filing Bankruptcy Issues, Making the Decision to do Something, Taxes | Tagged , , , | 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

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WILL SENIOR DISCOUNTS KEEP YOU FROM FILING BANKRUPTCY? TRAVEL, ENTERTAINMENT ETC

If you are trying to determine if it is possible to work out of financial difficulties, trying to reduce expenses and increase income are things that most people try. I hope that you, the readers, may provide some sources of … Continue reading

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WILL SENIOR DISCOUNTS KEEP YOU FROM FILING BANKRUPTCY? GROCERIES

If you are trying to determine if it is possible to work out of financial difficulties, trying to reduce expenses and increase income are things that most people try. I hope that you, the reader, may provide some sources of … Continue reading

Posted in Broke Emotionally & Financially, Filing Bankruptcy Issues, GENERAL INFORMATION, Making the Decision to do Something | Tagged , , , , | Leave a comment