As per 2005 South Carolina Bankruptcy laws,
it is said that all individual debtors need to undergo credit counseling within 6 months if they file for bankruptcy on or after October 17, 2005.
Here are some points to know regarding bankruptcy law:
- Before filing for Bankruptcy, to analyze your income,
the court will have an eye on your average income for the duration of 6 months
- The above law helps the court to decide whether you fall under median income range of that state or not.
- Prior going for Bankruptcy process the things which you need to itemize are your current income sources,
all the major financial transactions that you made in last 2 years and monthly expenses.