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

August 2014 Archives

Chapter 13 bankruptcy can help forestall a foreclosure

In somewhat surprising news, a study conducted by a major state university has determined that bankruptcy may be a valuable tool in fighting a foreclosure. South Carolina residents may be interested to know that a Chapter 13 filing can forestall a bank's attempt to repossess a home based on debt. While this is not a "cure-all" measure, it certainly represents a positive step in the right direction for those suffering from debt of this kind.

Purveyor of ring tones and streaming music files for Chapter 7

After several years of successfully pedaling streaming music services and ring tone applications, noted online radio company Myxer has filed for bankruptcy. The Chapter 7 filing, announced on Aug. 7, will see the company, known to South Carolina's web-savvy population as another in a long list of companies offering streaming services, close its doors permanently. The case is being handled by a federal bankruptcy court local to the company's head offices.

Some experts caution against debt relief companies

It is no secret that debt can be extremely stressful, and as a result, a solution touting itself as "quick" and "easy" will be attractive to an individual fighting unmanageable debt. However, South Carolina residents may be interested to know that not all debt relief companies are trustworthy. New studies suggest many of these companies are actually acting in violation of legislation designed to prevent them from taking advantage of those in debt.

Energy company files for Chapter 7

The sun has set on another solar energy company, according to local sources. South Carolina residents interested in alternative energy may already be familiar with Ascendent Energy, which closed its doors for good after filing for Chapter 7 bankruptcy on July 31. The company reported only nominal assets stacked against close to a million dollars in debt.

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Columbia, SC 29210
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Florence, SC 29501
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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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