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February 2019 Archives

Prenups and remarrying

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.

The types of debt that can be discharged in a bankruptcy

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.

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