South Carolina residents who got married for the first time during their 20s or 30s may not have been very concerned about completing a prenuptial agreement, as they may not yet have had significant assets. However, for people who are in their 50s or 60s and are getting married for the second time, completing a prenup is almost essential.
South Carolina residents who are struggling to cope with an unmanageable financial situation can seek relief from overwhelming debt by filing a Chapter 7 or Chapter 13 bankruptcy petition. Those who wish to file for Chapter 7 must pass a means test, which can be difficult if they earn more than the state median income. Chapter 13 petitioners make payments to pay down their debt over a period of three to five years.
Keeping your money in check can be difficult. Managing your finances and paying bills is hard to do when you have so many other responsibilities. However, if you do not handle your money wisely, you may end up in trouble. Poor money management can lead to bankruptcy.