Disabled veterans have made immense sacrifices for their country, and it's only fitting that they receive the support and protection they deserve. For years, disabled veterans in the United States were facing an unfortunate reality in bankruptcy proceedings, where their military disability pay was being treated as income and affecting their ability to get a [...]

There comes a time in everyone's life where you cannot work anymore, even if you still have bills to pay. Whether it's credit card debt, medical bills, or otherwise, debt collectors will continue calling and sending letters even after you've long retired.  Eventually, seniors drowning in debt are left with one of two major choices: [...]

Using Money From Your Ira Or 401(K) To Pay Debts.  This can be a costly error. Using retirement funds to pay off debts can hurt you in numerous ways.  The vast majority of retirement accounts are exempt. This means your creditors cannot get at them and you won’t lose them if you file for bankruptcy.  [...]

Those who file under Chapter 13 are expected to execute a repayment plan over the course of three or five years. But what happens when you can’t continue to make payments due to some hardship like a sudden illness or the loss of a job? If this happens, your Chapter 13 bankruptcy goes into default [...]

There is no established minimum debt amount to file for bankruptcy. But it probably wouldn’t make a lot of sense unless you were struggling severely to make payments on current debts. Whether filing for bankruptcy makes sense for you will depend entirely on your circumstances. Debt qualifications for bankruptcy are related to how much you [...]

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 [...]

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, [...]

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 [...]

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 [...]

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 [...]

Medical emergencies can occur without warning, leaving you injured and out of work. And when your medical bills keep piling up, debt can quickly get out of control. But can you file bankruptcy on medical bills? You can. In fact, medical debt is one of the most common reasons people file bankruptcy. At Steadman Law Firm, we can [...]

While married couples are bound together by the vows they take, when it comes to filing bankruptcy, things are viewed a little differently. Can one spouse file bankruptcy without their partner? Or is it better to file bankruptcy together? First off, yes, you can file bankruptcy either as an individual or with your partner. But [...]

By now, you probably know the benefits of filing for Chapter 7 bankruptcy. Among them is the relative speed with which you can receive a discharge. The sooner your bankruptcy closes with a discharge, the sooner you can start fresh financially. But how long does Chapter 7 bankruptcy take, from filing to discharge? The general rule [...]

Bankruptcy used to strike fear and a sense of desperation in the hearts of many. But in an economic environment like today's, it's not uncommon for thousands of hardworking Americans to find themselves struggling with overwhelming debt. Filing bankruptcy gives you the ability to create a better financial future for yourself. It's not a failure; it's [...]

There is no limit to the number of times you can file for bankruptcy in your life. However, how soon you can file after your debts are discharged in bankruptcy is another matter. The timing of receiving another discharge depends on the type of bankruptcy filed, its timing, and how it was resolved. So the [...]