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

October 2014 Archives

YMCA closes its doors after Chapter 7 filing

A long-standing tradition in American communities, the YMCA organization provides community centers and recreational opportunities across the country. South Carolina residents may be disappointed to hear that one such community in another southern state will be losing its local Y.  The branch is closing its doors after a local bank renewed its push for the company to pay back an outstanding loan, prompting ownership to file for Chapter 7 bankruptcy

Defunct mall owners to file for Chapter 7

The Fashion Mall is no more, though it may live on in the hands of new ownership, according to business news. The developers and owners associated with the defunct mall have filed for Chapter 7 bankruptcy, a move South Carolina business owners understand can sometimes be the best way to deal with mounting debt. Ownership is currently in the market for new buyers for the property. 

Handling credit card debt in South Carolina

While there is such a thing as good debt (for example, a mortgage on a home) that represents a positive investment in the future, not all debt can be called good.  South Carolina residents are probably already aware that "bad" debt often takes the form of credit card debt, since purchases made on a credit card are likely only to depreciate in value.  However, there is support available for individuals facing heavy credit card debt. 

Credit card debt rising rapidly

In the wake of the recession that began in 2008, many Americans felt the need to "tighten their belts" and address their spending habits in a responsible way.  However, as some South Carolina residents may already be aware, the trend toward consumer spending -- and more importantly borrowing -- is on the upswing.  Credit card debt and other forms of debt are mounting, in some cases to heretofore unseen levels. 

RadioShack considers Chapter 7 bankruptcy

A well-known electronics magnate is considering closing its doors for good, according to local reports. South Carolina residents are no doubt familiar with electronics retailer RadioShack, a company that once dominated the small electronics market but which has been encountered financial difficulties for several years. If restructuring is not successful, the company's ownership has said they will consider Chapter 7 bankruptcy.

Paper mill ownership files for Chapter 7

A prominent paper maker has closed its doors, prompting some industry insiders to declare it the "end of an era" in local paper-making for that state. South Carolina publishers may be familiar with Great Northern Paper, which filed for Chapter 7 on September 22 of this year. The company had been struggling for some time and had already been forced to lay off most of its staff leading up to the filing. 

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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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