If you have been looking for the best bankruptcy lawyers in South Carolina, then you have come to the right place. On our site, you will find dozens of top bankruptcy attorneys in your area that have all spent years specializing in the field. They make it their personal mission to eliminate your debt so you will never have to struggle with your finances again.

Browse our site to find profiles on acclaimed bankruptcy lawyers in your city that you can call for an initial consultation. No matter which paralegal you choose, rest assured that you will be in good hands. Your attorney will take care of all the documentation involved in your case, speak to creditors and defend you in court.

Call today to get started with an acclaimed bankruptcy lawyer in South Carolina.

What is Bankruptcy?

Bankruptcy is a declaration by an individual or business that are unable to pay their debt to creditors. It began as a tool used solely by creditors to recover what was owed to them, but has become a voluntary process many debtors now file in order to eliminate their financial burdens. Depending on your income and how quickly you are willing to exit bankruptcy, there may be several options available to you. However, there are usually two chapters that South Carolina that debtors turn to the most for debt relief: Chapters 7 and 13. Each of these chapters varies in how much debt will be discharged and how quickly the process will finalize, so learning about each one is crucial to making the best decision for your individual situation.

What are the Most Commonly Filed Chapters in South Carolina?

The majority of debtors in South Carolina file for Chapter 7 bankruptcy protection because both individuals and businesses may qualify, debt can be eliminated in as little as three months, and most debt – if not all – will be discharged. If this sounds like something you may be interested in, take note that Chapter 7 requires the liquidation of your assets as payment for your debt. However, if you are approved, there are several exemptions you may claim that will be protected from creditor seizure, including your home and retirement accounts.

Another option for debtors in South Carolina is Chapter 13 bankruptcy protection. Unlike liquidation bankruptcy, Chapter 13 reorganizes debt instead of liquidating assets. If approved, you will pay back creditors on a payment plan that may last up to five years. This is an appealing choice for debtors who either do not want to liquidate any assets or who do not qualify for Chapter 7 because their income is too high. It is also ideal for home owners who are facing foreclosure because it will prevent lenders from initiating the seizure process while debtors pay down their financial obligations.

How a South Carolina Bankruptcy Attorney Can Help You

Filing for bankruptcy is not as easy as you might think. Aside from Chapter 7 and Chapter 13, there are still four other chapters that South Carolina debtors may qualify for, each leading to a different outcome. Just one wrong move and you can end up with more debt than you started. However, when you have an experienced South Carolina bankruptcy lawyer on your side, you can rest assured your case will resolve quickly and with the most favorable outcome.

Our site can help you find the best South Carolina bankruptcy attorneys in your area who will help you with every aspect of your case, from filling out paperwork to analyzing your expenses to negotiating with creditors so you can achieve debt relief quickly. Contact one of our featured attorneys today to discuss the ideal option for your financial situation.