Add Formulas and Calculations Legal South Carolina Bankruptcy Forms For Free

Bankruptcy is form-driven. You'll have to complete a lengthy federal packet, and, in some cases, your court will also have local forms. Many self-represented bankruptcy debtors don't file all of the required bankruptcy documents, and their case gets dismissed.

Rule 9011(b) of the Federal Rules of Bankruptcy Procedure, the bankruptcy counterpart to Rule 11 of the Federal Rules of Civil Procedure (“Rule 11”), provides, that in presenting a pleading to the court, an attorney or unrepresented party is certifying that to the best of the person's knowledge, information, and belief ...

If your total monthly income over the course of the next 60 months is less than $7,475 then you pass the means test and you may file a Chapter 7 bankruptcy. If it is over $12,475 then you fail the means test and don't have the option of filing Chapter 7.

Yes, employed people can file for bankruptcy and often do.

One of the key features of Chapter 7 bankruptcy is that there is no absolute limit to the amount of debt that can be discharged. Unlike Chapter 13 bankruptcy, which has specific debt limits for both secured and unsecured debts, Chapter 7 doesn't impose a cap on the amount of debt a filer can discharge.

If you've already had a bankruptcy discharge of your debt, you may face a waiting period before you can file again. The waiting period can be anywhere from 2 to 8 years, depending on the type of bankruptcy you've filed before and the type you plan to file now.

In a Chapter 7 bankruptcy, if your car is financed, you can surrender it (return it) to the lender. The loan is discharged, so you have no more car loan, but also no more car. If you file Chapter 7 and are current on payments, you can keep the car if your equity is protected under state law.

What Should I Do If My Car Was Never Repossessed After Bankruptcy? If the bank refuses to repossess the car after you give the lender the proper notice of your wish to surrender the vehicle and make the car available, you'll likely be able to keep it.

The Wildcard Exemption This exemption lets you claim an additional amount for single individuals and married couples toward your exempt property values. Making the decision to use the wildcard exemption can seem confusing, so consult with your South Carolina bankruptcy lawyer if you're considering this exemption.