Sometimes situations beyond your control can profoundly impact your earning potential and lead to overwhelming debt. If you find yourself unable to pay your bills, you may want to consider filing for bankruptcy. At Payne & Black, LLC, we represent clients in the Rock Hill area and throughout South Carolina who seek debt relief through Chapter 7 bankruptcy. Designed to give debtors a fresh start, this filing gives you and your spouse relief from debts through liquidation of your assets. With extensive experience in this area, we can help you file for Chapter 7 quickly and efficiently. Once you have filed for bankruptcy, creditors must immediately stop collections efforts, including harassing letters and phone calls.
To qualify for Chapter 7 bankruptcy relief, you must satisfy the court’s means test, which calculates your income and expenses compared to the median income in South Carolina. If you are not eligible for Chapter 7 bankruptcy, Chapter 13 may be available. Payne & Black, LLC can help you determine whether you are eligible for Chapter 7 bankruptcy and if it is your best way to resolve your debts.
Liquidation involves selling assets to satisfy as much of your debt as possible before the court orders a discharge for the rest of your qualifying debt. However, the law includes many exemptions that allow you to preserve assets, such as your car, clothing, and tools of your trade. Our attorneys can help you determine which of your assets are eligible for exemption so you get the maximum protection under the law. Upon conclusion of the bankruptcy proceedings, the court grants a discharge of your remaining debt, with some notable exceptions. These include back child support and alimony payments, student loans, recent back taxes, and court judgments based on personal injury claims. Our attorneys advise you about how much of your debt is dischargeable, so you can make an informed decision about whether to pursue Chapter 7 bankruptcy.
So that we can immediately begin analyzing your case, it is necessary that you bring certain information to your appointment with Payne & Black, LLC, including:
This information can help Payne & Black, LLC provide an accurate assessment of whether Chapter 7 bankruptcy is appropriate for you.
Don’t continue to live under a cloud of unmanageable debt. Chapter 7 bankruptcy can quickly discharge your qualifying debt and give you a fresh start. Call Payne & Black, LLC at 803-992-8163 or contact us online to schedule your bankruptcy consultation at our Rock Hill or Columbia offices.