Chapter 7

Chapter 7 Bankruptcy Attorney Serving The Midlands, Upstate, and Lowcountry

Embarking on the Chapter 7 bankruptcy path offers you the lifeline to reset your financial health. Unlike other bankruptcy options that require debt restructuring, Chapter 7 enables you to wipe out most of your unsecured debt completely. At V.R. Perry Law Firm, led by experienced Chapter 7 bankruptcy attorney Vaughan Perry, we guide you through this legal maze with ease and confidence.

Are You Eligible for Chapter 7 Bankruptcy in South Carolina?

Before initiating Chapter 7 proceedings, you must satisfy certain conditions:

The Means Test

Your total monthly income plays a crucial role in determining your eligibility for Chapter 7 bankruptcy. If your six-month average income prior to filing exceeds South Carolina’s median income, you might not qualify for Chapter 7. Our local bankruptcy attorney can help you navigate the complexities of the Means Test. You can also find more details at the US Department of Justice’s website.

Disposable Income

Having a monthly disposable income may encourage the court to suggest Chapter 13 bankruptcy, where you reorganize your debts and repay them over a period of five years.

Past Bankruptcy Filings

If you’ve filed for Chapter 7 bankruptcy and received a discharge within the last eight years, you won’t be eligible for another Chapter 7 filing. However, Chapter 13 bankruptcy may still be a viable option for you.

Safeguard Your Assets

South Carolina law generally allows Chapter 7 filers to keep most, if not all, of their assets. When your assets exceed state exemptions, Chapter 13 bankruptcy can offer you an alternative to protect your valuable property.

A Fresh Financial Start Awaits: Talk to Our South Carolina Chapter 7 Bankruptcy Lawyer

Feeling financially buried? Chapter 7 bankruptcy might be your way out. Let Vaughn Perry, our highly-skilled Chapter 7 bankruptcy attorney, evaluate your specific situation and provide tailored solutions.

Why Choose V.R. Perry Law Firm for Chapter 7 Bankruptcy in South Carolina?

When you entrust us with your case, you benefit from years of dedicated experience in bankruptcy law. We meticulously analyze every case and offer personalized advice to achieve the best possible outcome for you.

We are proud to serve residents across South Carolina with offices in Columbia, Greenville, and Florence. Ready for a consultation? Call us at (803) 389-0408 or schedule your appointment online.