A bankruptcy filing has closed the doors on a formerly prominent drywall company, according to local business news. South Carolina contractors may be aware of Drywall Ltd., a company that formerly oversaw drywall contractors in another state. The company has cited unmanageable debt as the primary reason for the Chapter 7 filing, which was filed on Sept. 15 at a federal Bankruptcy Court local to the business' head offices.
There are many types of debt an individual can accrue over a lifetime. Some financial obligations are considered "good debt," like mortgages and other loans, while other types are widely regarded as "bad debt" -- most notably, credit card debt. Thankfully, South Carolina residents have a variety of options available to them for dealing with this problematic type of debt.
A company founded in 2012 has sadly shut its doors following a period of economic hardship, according to sources local to the business. South Carolina deal hunters might be familiar with Hukkster, a startup company in the business of providing consumers with updates when favored retailers drop their prices. The company closed its doors and filed for Chapter 7 bankruptcy on Aug. 27.