Advice from an expert Charleston Bankruptcy Attorney One option you may want to consider before filing for bankruptcy in South Carolina would be a debt consolodation loan. I'm not going to get into a whole lot of specifics here but basically there are 2 types of debt consolidation loans. One is unsecured, you go to the bank and get a loan. You pay it back. The other type is secured by the equity in your home such as a second mortage or a home equity line of credit. In some cases this may be a better option if you are considering a Chapter 13 bankruptcy. As an experienced Charleston bankruptcy lawyer I can help you decide whether a South Carolina debt consolidation loan may be right for you.