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"I can't file for bankruptcy because it will ruin my credit forever." We hear this all the time; it's one of the most common myths about bankruptcy. A lot of folks who could really benefit from bankruptcy are understandably worried about how it might affect their credit score — and by extension, their future ability...

Americans need debt relief more than ever Earlier this year, we wrote that bankruptcy filings were down, but the remainder of 2022 could see a reckoning. That trend appears to be unfolding before our eyes. Reuters reports that bankruptcy filings, though still below historic levels, are creeping up in 2022, according to legal research firm...

Discharging student debt is difficult, but not always impossible. Americans are carrying more student debt than ever, and it's one of the most difficult types of debt to get rid of. Accumulating interest, financial instability, and the challenges of qualifying for forgiveness programs can saddle graduates with debt for decades, preventing them from buying homes...

Filing bankruptcy is a way out of debt for you (and your spouse if you file jointly), but not all your debts may be solely in your name. If some of your debts are held jointly with a co-signer, how does bankruptcy interact with those accounts? The short answer is “it depends.” How bankruptcy affects...

South Carolina bankruptcy attorneys explain 2022 filing forecast It sounds like good news: Amid a pandemic and economic lockdown, U.S. bankruptcy filings plummeted in 2021. Bankruptcy filings dropped off by 30 percent in fiscal year 2021 to just 434,540, from 612,561 the previous period, according to a report out of the Supreme Court. But analysts caution...

Walking Away Is Not the Answer For many hard-working people in South Carolina, bankruptcy is the best option when debts grow out of control. The situation may not be your fault. Perhaps you were laid off from your job. You may be the victim of a mortgage broker or banker who never should have approved...

A South Carolina Bankruptcy Attorney Explains How It's common for people who overspent on their credit cards to think about filing for bankruptcy to get out from under that crippling debt—and they may be right. The goal of bankruptcy is to wipe out personal liability for debt. If you file for bankruptcy, unsecured debts like...