The Huggins Law Firm, PA
Call to Schedule a Free Consultation
Columbia 803-764-1558 Charleston 843-509-0039

February 2017 Archives

How bankruptcy impacts the car buying process

South Carolina residents who are in the middle of a Chapter 13 bankruptcy case will in most cases need court approval to take on any new debt. Therefore, there is no guarantee that an individual currently taking part in a debt reorganization plan will be able to buy a car. However, there is a process that he or she may go through in an effort to have the new debt authorized by a judge.

Parts 1 and 2 of the bankruptcy means test

South Carolina residents who have decided to file for bankruptcy must complete a means test. It consists of two parts that are used to determine whether debtors can file for Chapter 7 bankruptcy or if they are restricted to Chapter 13 bankruptcy. While Chapter 7 bankruptcy can provide debt forgiveness for people with little income, Chapter 13 bankruptcy requires people to use their disposable income to pay off at least part of their debt.

Tips for millennials struggling in debt

A large number of people who fall in the millennial generation are struggling with debts, whether from college loans, a home mortgage or something else. In fact, about 66 percent of millennials are saddled with at least one long-term debt, and it is likely to be a student loan averaging around $40,000. There are several tips that South Carolina millennials who are trying to pay off their debts should follow.

Study finds most collection calls are made about medical debt

Many South Carolina residents struggle with medical debt, and a study published on Jan. 12 by the Consumer Financial Protection Bureau reveals that more than half of the calls made by U.S. collection agencies concern unpaid doctor or hospital bills. The federal agency also noticed that even consumers with high incomes and favorable credit scores often run into problems with medical debt.

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