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September 2016 Archives

Legal fees considered support by judge

South Carolina residents may be interested to know that a judge from the U.S. Court of Appeals for the 7th Circuit ruled that attorney fees are to be given priority in bankruptcy. The ruling stated that $25,000 in legal fees were to be classified as a support obligation. This was based on the debtor's desire to win child support and custody proceedings regarding his six children.

Telltale signs a person is overspending

South Carolina residents who do not have a large savings account are not alone. According to reports, nearly two-thirds of Americans have less than $1,000 put away, and one out of every three Americans have no money saved for their retirement. A major factor behind people's inability to save money is debt.

Effective options for paying down credit card debt

Credit card interest rates can range from 20 to 30 percent, and the interest a cardholder pays is not tax deductible like interest paid on a mortgage. Therefore, it should be a top priority for South Carolina residents to pay off credit card debt as soon as possible. One option may be to transfer an existing credit card balance to another card through a balance transfer.

The impact of medical debt on American workers

For many South Carolina residents, medical debt is a significant cause of financial stress. This is true despite the fact that more people around the country have some form of health insurance. A survey conducted by the Kaiser Family Foundation and the New York Times found that 20 percent of working Americans with health insurance struggle to pay their medical bills. The number increased to over 50 percent for those who had no insurance.

Facing overwhelming medical debt

A major contributor to bankruptcy is overwhelming medical bills. When South Carolina residents are injured in an accident or incure an unexpected illness, their medical debt can quickly balloon because of the high cost of treatment. Even people who have insurance may face high bills because of copays and deductibles.

The Huggins Law Firm, PA

Columbia Office
1812 Lincoln Street
Suite 201
Columbia, SC 29201

Phone: 803-764-1558
Fax: 803-764-1563
Columbia Bankruptcy Office

Columbia Office

Charleston Office
925-D Wappoo Road
Charleston, SC 29407

Phone: 843-509-0039
Fax: 866-481-2325
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Charleston Office