Filing bankruptcy to deal with only one creditor might seem extreme, but title lenders are often a “wolf in sheep’s clothing.“ Sometimes you need to take extreme measures like filing bankruptcy to deal with the threat. Several years ago I represented a single mother who made the mistake of taking out a car “title loan.” …
For South Carolina residents, can creditors force someone to raid a retirement account, whether 401k, 403b, IRA, SEP, Railroad, Government or other pension? If a qualified ERISA plan (The Employee Retirement Income Security Act) http://www.dol.gov/compliance/laws/comp-erisa.htm the answer is no. That is because South Carolina law prevents creditors from attaching these accounts. Filing bankruptcy, strictly speaking, doesn’t “save”…