Bankruptcy FAQ – We Answer Your Questions
What’s the difference between Chapter 7 and Chapter 13?
Chapter 7 discharges qualifying debts. Chapter 13 arranges a court-approved repayment plan.
Can bankruptcy stop foreclosure?
Yes—an automatic stay is triggered at filing. Chapter 13 often provides longer-term relief.
What are the Chapter 7 income limits?
They vary by household size and median income. We assess this as part of your consultation.
Does A Chapter 13 Trustee Monitor Income?
Yes; trustee oversight is part of the plan. We help you prepare and guide you through compliance.
How long does bankruptcy stay on my credit report?
Chapter 7: up to 10 years | Chapter 13: up to 7 years. We’ll discuss financial recovery options.
Do I need a bankruptcy attorney?
Bankruptcy is complex, so while there is not a legal requirement for a bankruptcy attorney in South Carolina, we strongly advise using one, like Craig Poff, who understands the legalese and can guide you through a successful bankruptcy filing and recovery plan to protect your financial future.