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

October 2017 Archives

South Carolina consumers making fewer bankruptcy filings

The Administrative Office of the U.S. Courts tracks bankruptcy filings nationwide, following trends over 12-month periods. Its most recent tracking found that personal bankruptcy filings declined over the past year, indicating that the current economic state is relatively stable. Although this might come as good news for South Carolina consumers, some bankruptcy experts believe that filings could soon be on the rise.

Scam businesses took millions from debtors in South Carolina

Student loans are an ongoing problem, and it does not look as if they are going anywhere soon. With trillions of dollars in student loans, people in South Carolina and across the rest of the United States are understandably eager for a solution. Unfortunately, many student loan debtors were taken advantage of by fraudulent companies that offered relief.

Recognizing when debt collectors cross the line

Overwhelming debt can make you feel like a criminal. The mail carrier seems to bring only bad news. You may wake up in the middle of the night and check outside to see if the repo company has taken your car. You may hesitate to answer the phone or a knock at the door. You may even be afraid to leave your house.

Monthly credit card balances a problem in South Carolina

Popular media often portrays credit card debt as the result of irresponsible spending and splurging. This can leave many people feeling alone and isolated in their debt when they have to use credit cards for necessities. Consequently, it can be incredibly difficult for South Carolina debtors who have trouble surmounting monthly balances.

Bankruptcy need not equal permanent financial crisis

When you realized you were in need of immediate debt relief solutions, you may have felt a bit overwhelmed and worried. You are certainly not the first South Carolina resident to face financial problems; in fact, if you were to say you have never had any money troubles at all, that would likely be a rare exception to the rule. Most people have had to overcome financial challenges at some point in their lives. You may have already bounced back a time or two following financial woes.

Chapter 13 bankruptcy can halt foreclosures in South Carolina

Because of pervasive social stigma, many people in South Carolina tend to put off filing for bankruptcy at all costs. However, putting off dealing with insurmountable debt only exacerbates the problem. Bankruptcy can be an incredibly useful tool for people who have no way of digging themselves out of debt alone, and many find that Chapter 13 strikes the right medium for handling their debt.

Alternatives to foreclosure exist for South Carolina homeowners

Homes are often the largest investment that people make. Aside from a significant financial commitment, owning a home also represents safety and security for many in South Carolina. When faced with significant amounts of debt and possible foreclosure, finding effective alternatives can be important. Giving in to foreclosure can have profoundly negative effects on a homeowner's credit and financial stability when done unnecessarily.

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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
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Reed Law Firm, P.A.
1807 West Evans Street,
Suite B

Florence, SC 29501

Phone: 843-679-0077
Fax: 843-679-0667
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