Category Archives: GENERAL INFORMATION

CAN I FILE BANKRUPTCY TO GET RID OF CREDIT CARD DEBT?

QUESTION:  I have credit card debt that I cannot pay. I would like to file bankruptcy. I have no personal assets. I need assistance with this process. What is the first step? ANSWER: You need to contact an attorney to … Continue reading

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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

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

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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CAPITAL ONE ADMITS WRONGDOING AND PAYS A LOT OF MONEY

Many people are calling for the abolition of the Consumer Financial Protection Bureau (CFPB) which was only recently formed. Why would an agency, charged with the protection of consumers and charged with deterring deceptive practices by lenders be opposed by … Continue reading

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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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DISCHARGE-BANKRUPTCY-THE DANGER IN NOT USING AN ATTORNEY

Bankruptcy does not discharge all debts, but, it discharges many types of debts.  There are actually different discharges that are granted for different types of debts.  If you use a petition preparer or computer form, will you properly plan so … Continue reading

Posted in Chapter 11, Chapter 13 Bankruptcy, Chapter 7, Discharge, Filing Bankruptcy Issues, GENERAL INFORMATION, Making the Decision to do Something | Tagged , , , | Leave a comment