South Carolina General Bankruptcy Matters refers to the regulations, laws, and procedures that govern filing for bankruptcy in South Carolina. These matters are governed by the U.S. Bankruptcy Code as well as the South Carolina Bankruptcy Code. In South Carolina, there are two types of bankruptcy: Chapter 7 and Chapter 13. Chapter 7 is a type of bankruptcy in which a debtor can discharge their unsecured debts such as credit card debt, medical bills, and personal loans. Chapter 13 is a type of bankruptcy in which a debtor can propose a repayment plan to repay their creditors over a period of time, usually three to five years. Other South Carolina General Bankruptcy Matters include exemptions, which allow certain assets to be protected from creditors, as well as the process of filing for bankruptcy. Additionally, South Carolina allows debtors to file for bankruptcy without the help of an attorney.
South Carolina General Bankruptcy Matters
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