Contact 
Daryle A. Walker
843-357-8530
641 Little Tony Ave.
Murrells Inlet, SC 29576

Which Type of Bankruptcy is Right for You? – An Experienced Bankruptcy Attorney Can Help

Call Daryle A. Walker, Attorney at Law, any time to schedule an appointment. 843-357-8530.

Attorney Daryle Walker is a reliable and cost-effective bankruptcy lawyer based in Myrtle Beach.


He is dedicated to providing each client with personalized attention and trustworthy legal assistance.


With more than 35 years of experience as a bankruptcy attorney, representing both individuals and businesses, you can trust Daryle Walker to manage your bankruptcy case with care and expertise.


The initial consultation is complimentary, so there’s no reason to postpone discovering whether bankruptcy could be a solution for you.

Navigating financial difficulties, managing bills, and sustaining your home and business can be profoundly challenging. We fully recognize the intense emotions that accompany the choice to file for bankruptcy. The process of searching for a bankruptcy law firm can feel overwhelming, and determining which type of bankruptcy is right for you only adds to the confusion. It's essential to find a qualified bankruptcy lawyer who can thoroughly evaluate and address your specific needs.


You can count on Daryle Walker for reliable legal guidance, drawing from his extensive experience representing clients in various bankruptcy cases, including Chapter 7. As a specialist in the bankruptcy laws relevant to individuals and businesses in Myrtle Beach, he will meticulously manage your case, ensuring no detail goes overlooked and that everything is completed promptly.


While financial struggles may drive you to consider bankruptcy, you might question the necessity of hiring a bankruptcy attorney. An experienced bankruptcy lawyer can provide you with invaluable financial security in the long run. However, rest assured that selecting an affordable bankruptcy lawyer doesn’t mean compromising on quality.


Daryle Walker, Attorney at Law, is among the leading bankruptcy lawyers in Myrtle Beach, boasting over 30 years of experience in this field. He is committed to helping you safeguard your financial resources while ensuring your bankruptcy is processed swiftly, discreetly, and compassionately, allowing you to move forward with minimal stress.


Contact the law office of Daryle Walker today to arrange your free initial consultation!

Call 843-357-8530

Different Types of Bankruptcy Explained

The primary aim of bankruptcy is to relieve individuals and businesses from their debts. However, not all bankruptcies are the same. Many people frequently wonder about the distinctions between Chapter 7 and Chapter 13 bankruptcy or what assets they can retain under Chapter 7. Daryle Walker, Attorney at Law, is Myrtle Beach's most seasoned bankruptcy attorney, equipped to offer tailored guidance suited to your specific circumstances, helping you to rejuvenate your finances. Contact us today to arrange a complimentary consultation and embark on the journey toward financial stability - 843-357-8530.

Chapter 7 Bankruptcy 

Chapter 7 Bankruptcy is often referred to as straightforward or liquidation bankruptcy. In many instances, the Trustee takes no assets or liquidates anything, as the law permits debtors to claim certain exemptions to safeguard their equity and address other considerations. It represents a swift and cost-effective choice, particularly in South Carolina, where the majority of these cases are categorized as “no asset cases.” Typically, the Discharge Order is issued by the courts within approximately 15 days, provided there are no objections filed.


The Advantages of Chapter 7 Bankruptcy include:

- A chance for a “fresh start”

- Debtors can retain future income

- No limitations on the amount owed

- No repayment plan is necessary


To qualify for Chapter 7 Bankruptcy, you must demonstrate that your income falls below the median income for your specific family size within your state. Additionally, you are required to complete credit counseling with an approved agency and successfully pass the administered test. Daryle A. Walker has extensive experience as a Chapter 7 Bankruptcy attorney. Contact 843-357-8530 today to arrange a free initial consultation.

Chapter 13 Bankruptcy

Chapter 13 Bankruptcy is an effective solution to stop foreclosure and provide you with the necessary time to pay off your debts. It operates under a monthly payment plan supervised by the bankruptcy court, with repayment periods ranging from 3 to 5 years depending on individual circumstances.


You also have the option to surrender items that are under lien or mortgage if you no longer wish to retain them. Additionally, Chapter 13 can be used to settle certain tax obligations. It's essential to have an in-depth discussion with an attorney to understand how it specifically applies to your situation.


While Chapter 7 is commonly referred to as liquidation bankruptcy, in many instances, the Trustee may not seize or liquidate any assets because the law permits debtors to claim certain exemptions that protect their equity, among other factors. Consult with a knowledgeable bankruptcy attorney to determine which of your assets may be safeguarded.


When you opt for Chapter 13 Bankruptcy, you can anticipate the following benefits:


- Preventing foreclosure

- Rescheduling secured debts (excluding the mortgage for your primary residence), extending payment terms over the duration of your plan

- Protecting third parties such as co-signers

- Achieving a more favorable credit report compared to what would result from a Chapter 7 Bankruptcy

- Having an arrangement similar to a consolidation loan

- Ensuring all communication with creditors is managed by the Chapter 13 trustee


If your income surpasses the median for your household in your state, you are eligible to file for Chapter 13 Bankruptcy. This form of bankruptcy necessitates liquid assets, but it allows you to keep certain possessions, such as your vehicle. If your income exceeds the median amount, you will be ineligible for Chapter 7 Bankruptcy.


Daryle A Walker, a highly experienced Chapter 13 Bankruptcy attorney, can assist you in determining your qualification for this type of bankruptcy. Call 843-357-8530 to arrange a free initial consultation.

Legal Requirements

Bankruptcy involves two essential legal requirements.


First, you must attend credit counseling with a government-approved organization. Whether you pursue Financial Management or Debtor Education, the Certificate of Completion must be submitted to the court by Attorney Walker before the court can issue a discharge.


Attorney Daryle Walker is the most dependable and affordable bankruptcy lawyer in Myrtle Beach, committed to delivering competent and trustworthy legal representation along with personalized attention to each client.


Recognized as the #1 local bankruptcy attorney for both individuals and businesses, you can trust Daryle Walker to manage your bankruptcy proceedings promptly and with meticulous care.

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