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December 2016 Archives

Repeat bankruptcies may be a problem

South Carolina consumers who are considering bankruptcy as a method of debt relief may want to take heed of a December case involving a debtor who had filed for bankruptcy multiple times. The woman had filed under Chapter 7 or Chapter 13 on four prior occasions.

Credit card debt rising to pre-recession levels

When families in South Carolina do not earn enough income to cover their monthly expenses, they sometimes rely on credit cards to bridge the gap. A new report by NerdWallet shows evidence that households are relying on credit cards more and more. According to the study, average credit card debt for US households is now at $16,061, almost as high as it was in 2008.

How debtors benefit from an automatic stay

South Carolina residents who are seeking relief from creditor collection efforts may wish to file for bankruptcy. When they do so, they are in general granted an automatic stay of any collections lawsuits by any creditor, government agency or other person or entity. It can also provide other benefits such as keeping the lights or heat on in a home if people are behind on utility payments.

9th Circuit court ruling may set the tone for bankruptcies

South Carolinians who want to file for bankruptcy may be interested in a ruling handed down by the 9th Circuit court in the fall of 2016. The matter involved a dentist who filed for bankruptcy after one of his patients secured a malpractice judgment against him. Because the dentist transferred some of his real estate assets before his successful bankruptcy filing, the patient sought to bar him from obtaining a discharge on the grounds that he made the transfer in order to cheat his creditors out of compensation.

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