Can I Recover From Bankruptcy and How Long will it Take?

Yes, most definitely. Normally, it takes three (3) years to recover from Bankruptcy.

We set four (4) overall goals for our clients:

1.) Get out of the financial problems that you are in;

2.) How to stay out of financial problems;

3.) Have regular credit again as soon as possible;

4.) Have a vision for financial success in the future, which we define as own your own home, be debt free, have money in the bank, be ready to retire.

There are three (3) things you must do to achieve these goals. Conversely if you do not do these things, you will not achieve these goals:

1. You need to have a clean credit report;

2. You need to have a full banking relationship with some bank you do not owe money; and

3. You need to learn to establish and live on a no surprise budget.

The clients of the Campbell Law Firm understand that you will recover from the bankruptcy, normally within three (3) years and you will achieve financial success with some adjustment to that depending upon your age and personal circumstance, if you will commit to doing these three (3) things.

We work with our clients following the bankruptcy to help them learn to live on a budget so they will not need to file bankruptcy in the future.

What Property Can I Keep if I File Bankruptcy?

In a Bankruptcy, people have two (2) major goals:

1. to hold on to as many assets as they can and
 2. to be discharged from their debt.
 

As far as the assets they can maintain, in most cases, people will have the option of retaining almost all their assets or property.

There are, of course exceptions to this, which would depend on different factors such as:

a.) Do you want to keep the asset?
b.) Do you need the asset?
c.) If there is a lien on the asset, such as you owe money on your home or car, are you up to date with payments and can you continue to make payments?
d.) Is there equity in the asset? In other words, is the asset worth more than what you owe against it?
e.) What portion of the equity can you protect?

The best way to determine which assets you are allowed to keep in bankruptcy is to meet with an attorney and review your situation. Your goal should be to receive a discharge of your debts while being able to protect as many of your assets as possible.

Attorneys, Kevin Campbell and Suzanne Campbell Chisholm, participate in Charleston Sprint Triathlon Series

Kevin Campbell and his son, Kevin Jr. will be participating in the 3rd Charleston Sprint Triathlon Series of the year this Sunday at the James Island County Park. In the friendly competition between the 2 of them,  Kevin Jr. won the 1st race. Kevin Sr. won the 2nd race. Kevin Jr. says the 3rd race is "all his". Suzanne Campbell Chisholm also participated in the race.

Kevin Campbell Participates in Mount Pleasant Exchange Club

Kevin Campbell has had the honor of serving as the President of the Mt. Pleasant Exchange Club this year, which raises money for the prevention of child abuse by conducting the IOP Connector Run and Walk for the Child each October.

The members meet at Noon on the 2nd and 4th Wednesdays of each month at Zeus Restaurant in Mt. Pleasant. Please contact Kevin at kcampbell@campbell-law-firm.com if you would like information about joining the Club, being a sponsor for the Race or participating in the Race.