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

April 2014 Archives

Parent company of bowling alley files for Chapter 7

In the face of mounting overdue rent, the parent company responsible for a popular entertainment destination has pulled the plug on the center, according to local business news. The Chapter 7 bankruptcy filing came on the heels of a judicial decree that the company was no longer able to pay its debts -- most notably the rent owed the property owner. South Carolina residents can understand that such mitigating circumstances sometimes call for more involved measures to resolve.

Credit card debt declining since 2009

A new study suggests the overall amount of credit-based debt carried by Americans is on the decline on a month-to-month basis. South Carolina residents join citizens from across the country in bringing down their existing credit card debt on a monthly basis, though most people polled still carry a balance. While this is good news in the big picture, it still falls to individuals carrying debt to discharge it effectively.

Credit card debt does not need to mean a bad credit score

Nearly everyone carries some kind of debt in the modern era. It is well-known to South Carolina residents that credit card debt is one of the most common types of debt out there, and very difficult to expunge. Thankfully, many options are available for individuals struggling with a high level of credit card debt, including financial strategies, debt consolidation and bankruptcy.

Americans fight credit card debt by paying down balances

As the economy continues to improve following a six-year recession, more and more Americans are recognizing the value of frugality. In fact, in South Carolina and elsewhere in the nation, new studies are suggesting the average American is now choosing to reduce credit card debt by paying down balances rather than accruing further debt. Some experts believe this may be the result of lessons learned during the harsh economic climate of the last several years.

Credit card debt mounts each month thanks to compound interest

It is a well-known fact that credit cards are both a necessary part of modern life and a potentially dangerous financial pitfall. Credit card debt is among the most persistent kinds of debt carried by South Carolina residents, and it can be notoriously difficult to discharge. In fact, use of the cards can even play a role in deepening existing debt.

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