Contact
Daryle A. Walker
843-357-8530
641 Little Tony Ave.
Murrells Inlet, SC 29576
An Experienced Bankruptcy Attorney Can Help You Decide Which Type of Bankruptcy is Right for You in Georgetown, SC
Financial struggles are very stressful. Worrying about getting the bills paid and keeping your home and family or business afloat can be incredibly emotional. We also understand that reviewing bankruptcy law firms and deciding what type of bankruptcy is the best choice can be very confusing. That’s why it’s so important to find the best bankruptcy attorney to be sure that your needs are fully understood and addressed.
With years of experience as a Chapter 7 lawyer and comprehensive knowledge about the different types of bankruptcy, you can trust Daryle Walker for effective legal guidance. He fully understands the bankruptcy laws for Georgetown residents and businesses and will expertly manage your bankruptcy, making sure no detail is overlooked and your case is completed in a timely manner.
If you’re already having money problems, you may be tempted to file bankruptcy for yourself and be wondering why you should hire a bankruptcy lawyer. This is not a good choice—having the expertise of a bankruptcy attorney on your side will provide more financial protection in the long run. But don’t worry, because hiring an affordable bankruptcy lawyer does not mean you have to accept lower quality. Daryle Walker, Attorney at Law is the #1 Georgetown bankruptcy lawyer and will help you gain financial protection at reasonable rates. Most importantly, he will handle your bankruptcy efficiently, discreetly, and compassionately, allowing you to move forward with peace of mind and a fresh start.
Understanding the Different Types of Bankruptcy
The basic purpose of all bankruptcies is to relieve individuals and businesses of debt, but all bankruptcies are not the same. Many people’s first thoughts are concerns like understanding the bankruptcy differences between 7 and 13, or what can you keep in Chapter 7. Daryle Walker, Attorney at Law is Georgetown’s most experienced bankruptcy attorney and will provide expert guidance for your unique situation. Call 843-357-8530 today to schedule a free consultation and get started down the road to financial stability.
Chapter 7 Bankruptcy
Chapter 7 Bankruptcy is a quick and cost-effective choice that’s sometimes referred to as liquidation or straight bankruptcy. Though some assets are liquidated with a Chapter 7 Bankruptcy, there are limits on what you are required to sell to cover debts. Most Chapter 7 Bankruptcy cases in South Carolina are classified as a “no asset case.” As long as no objections are filed with the court, the Discharge Order is normally received in about 15 days.
Chapter 7 Bankruptcy benefits include:
- Getting a “fresh financial start”
- No limitations on amount owed
- No repayment plan required
- Debtor is allowed to keep future income
To qualify for Chapter 7 Bankruptcy, you must prove that your income is less than the median income within the state in which you reside. You must also attend credit counseling through an approved agency and pass the administered test. Daryle A Walker has many years of experience as a Chapter 7 Bankruptcy attorney and has handled many of these cases. Call 843-357-8530 today to schedule a free initial consultation.
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy can be used to halt foreclosure and allow you the necessary time to pay off debt. Chapter 13 Bankruptcy includes a monthly payment plan that is overseen by the bankruptcy court. The time frame for this payment plan can range from 3 to 5 years, depending on the specific circumstances.
Filing a Chapter 13 Bankruptcy can help you:
- Avoid foreclosure
- Have something similar to a debt consolidation loan
- Protect 3rd parties such as co-signers
- Reschedule secured debts (not including the mortgage where you reside) to extend them over the life of your plan
- End up with a better credit report than you would if you filed a Chapter 7 Bankruptcy
- Eliminate contact with creditors because the Chapter 13 trustee handles all communication
If your income exceeds the median income in your state, Chapter 13 Bankruptcy is likely the best option for you since Chapter 7 Bankruptcy is not allowed for anyone whose income is higher than the median income. Chapter 13 Bankruptcy is sometimes more desirable because it allows you to retain assets such as your car.
Daryle A Walker is an expert, experienced Chapter 13 Bankruptcy attorney and can help you determine whether you qualify for this type of bankruptcy. Call 843-357-8530 to schedule a free initial consultation.
Legal Requirements for Bankruptcy
There are two mandatory legal requirements associated with bankruptcy.
- You are required to attend credit counseling through a government-approved company.
- Whether you take Financial Management or Debtor Education – the Certificate of Completion for your counseling must be filed with the court by Attorney Walker before the court will issue a discharge.
Attorney Daryle Walker is Georgetown’s most dependable and affordable bankruptcy lawyer, committed to providing competent, trustworthy legal representation and personalized attention for each client. As the #1 local bankruptcy attorney for individual and businesses, you can be sure Daryle Walker will handle your bankruptcy quickly and with care and compassion.
There is no charge for your initial consultation, so don’t wait! Call today to schedule a debt relief appointment with Daryle Walker, Attorney at Law.
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Serving
Georgetown, SC
Contact
Business Hours
- Mon - Fri
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- Sat - Sun
- Closed
We are a Debt Relief Agency. We Help People File for Bankruptcy Relief Under the Bankruptcy Code.