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.
image description
Giving You Hope For a Debt-Free Future

August 2016 Archives

Debt liabilities may lead South Carolina residents to bankruptcy

Individuals of any occupation or income level could face financial hardships. There is no set of particular circumstances that can pinpoint whether an individual will struggle with considerable debt in his or her future. As a result, anyone could find him or herself in need of assistance, and Chapter 7 bankruptcy may be an option for South Carolina residents to consider. 

Credit negotiators may not benefit South Carolina residents

It is likely that many individuals have heard of various schemes for getting rid of debt. However, some of those options may not be entirely reliable, and South Carolina residents facing considerable debt may find themselves in deeper financial trouble as a result. Therefore, individuals may wish to be wary of companies offering debt management deals that seem too good to be true.

Chapter 7 may help South Carolina residents with financial issues

When individuals find themselves facing considerable amounts of debt, they may begin to think that it is too late to handle the situation effectively. Luckily for South Carolina residents facing such a predicament, there are still options that could help them get themselves back on the right financial path. Even with substantial debts and the desire to hold on to assets, individuals may still be able to move forward.

Management plans may not be suited for South Carolina residents

When individuals are faced with the multitude of options for dealing with debt, they may feel overwhelmed. South Carolina residents may wish to consider debt management practices in hopes of avoiding having to file for bankruptcy. However, there are many cases in which debt management plans may not always be the best route, and bankruptcy could help parties reach a fresh start more quickly and efficiently. 

Bankruptcy could help South Carolina residents facing foreclosure

Buying a home is a significant accomplishment for many individuals. However, that accomplishment is often not completely achieved until mortgage payments are completed, and unfortunately for some, falling behind on payments could cause a serious issue. If South Carolina residents miss multiple payments and find themselves owing a considerable amount, their homes could face foreclosure.

image description

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

Reed office