Repossessions and evictions can be completely eliminated (“discharged”) in Chapter 7. It is important to surrender possession if you want to eliminate a lease or mortgage debt. In Chapter 13, past repossessions and evictions must be paid starting at 1%. Increases may apply based on your income and assets. Judgments, which last for ten years,… Read More »Discharge Repossessions and Evictions

Discharge Finance Companies & Personal Loans How small loans are handled depends on whether you executed a Security Agreement when you obtained the loan and, if so, what property did you list on the agreement? If it’s just a signature loan (no property listed) the debt can be eliminated in Chapter 7 or paid the… Read More »Discharge Finance Companies Personal Loans

Credit card debt can be completely eliminated (“discharged”) in Chapter 7. In Chapter 13, credit card debt must be paid, starting at 1%. Increases may apply based on your income and assets. Judgments, which last for ten years in South Carolina, may become a lien on real estate and may cause a creditor to attempt… Read More »Discharge Credit Card Debt