Reed Law Firm, P.A. is a federally designated debt relief agency. We proudly help people file for bankruptcy relief under the U.S. Bankruptcy Code.
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Giving You Hope For a Debt-Free Future

SOUTH CAROLINA
BANKRUPTCY ATTORNEY

March 2012 Archives

Loan modifications versus bankruptcy protection

As we wrote about on this blog recently, there are programs offered by the state to assist some homeowners with meeting their financial obligations. However, readers may also be interested to know that a multi-state settlement with the many of the nation's largest lenders may also provide debt relief for South Carolina households. Yet before accepting a mortgage modification, whether under the multi-state settlement or otherwise, there may be some implications with regards to bankruptcy that one may wish to consider.

South Carolina program offers debt relief for homeowners

The South Carolina Homeownership and Employment Lending Program offers homeowners in the state mortgage debt relief and the opportunity to avoid foreclosure on their homes, even if they are already behind on their payments. The program allows homeowners up to $20,000 in funds to make up for any delinquent mortgage payments, helping to bring their mortgage up to date. Unemployed homeowners seeking debt relief may be eligible for up to $36,000 of forgivable funds used to pay their mortgages, allowable until they are able to improve their financial situation.

Debt relief: Foreclosure data predicts hard times ahead for some

For those struggling with debt relief in South Carolina, foreclosure is a common word that can often inspire fear. Too often, those needing debt relief lose their home in a foreclosure, further draining their assets. Unfortunately, recent reports by RealtyTrac, a national foreclosure tracking firm, suggest that foreclosures will continue to increase in 2012.

South Carolina mother struggles to support family

As many people know, medical fees can be difficult to pay. However, when half of your family members are seriously disabled, medical bills can be an almost impossible challenge. One South Carolina family faces this exact dilemma. With a 35-year-old son who has been suffering from muscular dystrophy for 20 years and a husband who has suffered with Parkinson's disease for a decade, one woman finds herself as the sole provider and caretaker of the family.

Man accused of withholding $1.5 million in assets during bankruptcy

When it comes to debt relief, it is something many residents in South Carolina and across the United States are constantly working toward. With the tough economy and lack of jobs putting pressure on residents, filing for bankruptcy can often lead to a fresh start and put an end to harassing calls from collection agencies. The process of filing for bankruptcy can sometimes be a complicated one and may require a strong knowledge and understanding of the law in order to advance through the process. It also takes a lot of honest assessment of all assets and debts in order to choose the best option. Unfortunately, sometimes filers intentionally or unintentionally do not disclose vital information during the proceedings which can get them in trouble with authorities.

Contact Us

For more information or to schedule an appointment with an experienced lawyer regarding a bankruptcy filing, please contact us.

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COLUMBIA OFFICE
220 Stoneridge Drive,
Suite 301
Columbia, SC 29210
Phone: 803-807-2565
Fax: 803-726-4887
Email | Map & Directions

FLORENCE OFFICE
1807 West Evans Street,
Suite B
Florence, SC 29501
Phone: 843-679-0077
Fax: 843-679-0667
Email | Map & Directions

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Reed Law Firm, P.A.
220 Stoneridge Drive,
Suite 301

Columbia, SC 29210

Phone: 803-726-4888
Fax: 803-726-4887
Columbia Law Office Map

Reed Law Firm, P.A.
1807 West Evans Street,
Suite B

Florence, SC 29501

Phone: 843-679-0077
Fax: 843-679-0667
Florence Law Office Map

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