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Bankruptcy and Unemployment

Bankruptcy and unemployment are often topics that come up together. If you are unfortunate enough to be unemployed, you may be faced with difficult financial decisions. You may be unable to pay bills and not have enough money to make ends meet. Bankruptcy may be a solution for you.   If you have questions about your specific situation, Steadman Law Firm can help. Call us today at 843-442-8670.   Can I File Bankruptcy If I Am Unemployed?   Yes. You can file…

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How Does Chapter 13 Work?

While some folks are forced to file under Chapter 13, many more choose to file under Chapter 13 because of its unique advantages over Chapter 7. With the help of a bankruptcy attorney, you devise a repayment plan to be executed over the course of three or five years. At the end of the bankruptcy, whatever debt hasn’t been repaid is discharged. In this article, we’ll discuss how Chapter 13 bankruptcy works. Chapter 13 Bankruptcy: An Overview Chapter 7 bankruptcy…

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Can You File Bankruptcy on Student Loans?

Can you file bankruptcy on student loans? Yes, you can; however, whether you can discharge that debt or not is the bigger question. Unfortunately, most people do not qualify for discharging student loan debt through Chapter 7 or Chapter 13 bankruptcy. But you can eliminate your debt if you can prove that paying your student loans will place an undue hardship on you. Proving Undue Hardship Most courts are very reluctant to discharge student loan debt unless you can show that paying your…

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Is Bankruptcy Right for Me?

If you are crushed under overwhelming debt and struggling to regain control of your finances, bankruptcy could give you the clean slate you need. But while filing bankruptcy offers many benefits, it is an important decision that you shouldn't make lightly. If you are wondering "is bankruptcy right for me?" it's best to speak to an experienced North Charleston bankruptcy attorney who can help you weigh your options. What Benefits Does Bankruptcy Offer? Bankruptcy Can Eliminate Debt Perhaps the best benefit of bankruptcy is…

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How to Stop Wage Garnishment Through Bankruptcy

When you're struggling to pay debts, wage garnishment only adds insult to injury. Let's face it — who wants chunks of their hard-earned paycheck taken out every month? In fact, the court can order your employer to take as much as 25% of your paycheck to pay creditors. How can you get back on your feet financially when you're losing a significant portion of your income? Fortunately, you have options. While it may not seem like an appealing prospect, filing for bankruptcy can help. Below, we…

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