As a Myrtle Beach bankruptcy firm, we often hear about the fears and drawbacks many clients believe about bankruptcy. Some of them are true, while others are wildly unsubstantiated flat-out false. However, one thing that many people have in common: they’re uncertain as to just how badly their lives will be affected going forward. However, what many of these people don’t realize is just how many ...
If you lose your job, it’s easy to fall into a spiral of financial hardship. In today’s job market, it can be extremely difficult to find stable employment again, especially if you need to do so quickly in order to take care of your family. This means it’s also not uncommon for unemployment to lead to someone needing to declare bankruptcy. However, can you declare bankruptcy if you don’t have a ...
One of the reasons many people staunchly refuse to consider bankruptcy as a viable method of debt relief is the belief that their credit will be irreparably ruined. This is far from the truth: while your credit will be impacted by declaring bankruptcy, most people’s rating has already been damaged so severely through late and missed payments that a declaration won’t actually hurt it that much ...
Social media is all about sharing: whether it’s what you ate for dinner, a cute photo of your dog, or a video of your young child taking their first steps, we share our thoughts, feelings, and emotions with the world. Unfortunately, this habit of sharing can go too far and actually put you in a bad situation, especially if you’re involved in a legal issue like declaring bankruptcy. Beware ...
If you’re struggling with credit card debt, the constant calls from debt collectors and pressure from creditors can be overwhelming. However, you might be wondering if things can take an even bigger turn for the worse and your creditors can move to take legal action against you. Unfortunately, the answer is yes, a credit card company could potentially sue you and a lawsuit can be extremely ...
Filing for bankruptcy isn’t really something that people want to go through, and many people have developed a lot of incorrect or misguided knowledge from a variety of sources. These common myths and misconceptions may be so engrained that they’ve taken root in social common knowledge, often encouraging more people to not even consider this option that they could otherwise benefit from. Here are ...
Home ownership is the dream for people everywhere, however those who are in financial trouble may feel as though they’ll never reach that point. When you’re struggling to make the payments you already have, it can be difficult to obtain a loan in order to purchase a home, let alone save up enough money to actually make a down payment. Yet we find that many people who are in this situation don’t ...
American case law is in a constant state of striking a balance between a business’ right to operate and an individual’s right to their own property. As a result, our nation has pioneered a forgiving and powerful consumer rights system, the crown jewel of which is our bankruptcy process. However, as powerful as it is, there’s plenty of misunderstanding about what it can actually do. Today’s blog ...
Don't let the new year create new debt and problems in your life. Create a personal/family budget in a spreadsheet as your New Year's resolution. 1. Start with your net income. 2. Next, track your spending over a month or two. Try and use cash or make sure to pay off any credit card balance each month. Too much card use can promote overspending. 3. Estimate your excess income each month. If there ...
