SC Debtors Might Be Getting Increase In Exemptions

Update: Ed Bailey, a colleague from Spartanburg, tells us that this bill has been moved out of the special laws subcommittee stamped “Favorable with Amendment.” We don’t yet know what the amendment is, but I’ll keep looking. The full Judiciary Committee will take it up on the 5th (this coming Tuesday), Ed reports.
In [...]

Upside Down Car Loans Complicate Finances, In and Out of Bankruptcy

It’s becoming more and more likely that the clients I see on a regular basis will be coming to me with a car loan that’s “upside down” — in other words, a loan that has a payoff figure which exceeds the car’s value.
How this happens:

Subprime borrowers get a high interest rate on the loan;
Borrowers buy [...]

Pity the Rich? Everyone’s Impacted By the Coming Recession

This might be a bit controversial but I think it’s important to demonstrate the widespread impact of the current economic forces at play.
It’s true I normally represent low- to mid-income individuals, couples, and families. But those who are struggling with finances aren’t the only ones who are feeling the pinch, as shown by this article [...]

Fourth Circuit to Equifax: FCRA Means What It Says About Stolen & Mishandled Information

Pay up: that’s the Fourth Circuit panel’s bottom line to CRA (credit reporting agency) Equifax in Sloane v. Equifax, No. 06-2044 (Dec. 27, 2007), a Fair Credit Reporting Act (”FCRA”) case decided late last month. You can read the case for yourself here (PDF Format): Sloane v. Equifax decision.
Facts of Sloane Case
Ms. Sloane, the plaintiff, [...]