The Huggins Law Firm, PA
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November 2016 Archives

Using loans to rebuild credit after bankruptcy

Filing for bankruptcy is sometimes the best solution for a South Carolina resident who is experiencing a financial crisis. If a person loses their job and cannot keep up with their mortgage or car payments, filing for bankruptcy can protect vital assets from seizure by creditors. The downside of filing for bankruptcy is that it can have a negative impact on a person's credit score for several years.

Pawned possessions and Chapter 13 bankruptcy

People who file for Chapter 13 bankruptcy may be able to include a pawned vehicle as part of their estate although this may vary based on jurisdiction. In the state directly to South Carolina's south, a man who filed for bankruptcy had pawned his 2006 Toyota Avalon. He had a 30-day grace period in which to get the car back. He did not do so , but he still legally possessed the vehicle when he filed.

How to handle old or mistaken debts

Staying out of debt is a good thing; however, sometimes when old debts resurface, whether they were settled or not, making a payment may not be the right thing to do. Before making a payment on reappearing old debts, South Carolina residents may find these tips informative.

Using a debt management plan to pay off credit cards

A lot of South Carolina residents have overwhelming credit card debt. In an effort to pay their balances down, some people enroll in debt management plans offered by credit counselors. Such a plan can allow people to consolidate all of their debts into one monthly bill with a lower interest rate.

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
Map & Directions

Charleston Office