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

Chapter 13 bankruptcy may be worth considering in South Carolina

Deciding to take hold and face a serious debt problem can be an invigorating moment in a person's life. South Carolina residents may feel a sense of direction once they decide to address their debt in order to become more financially stable. However, they may worry about the negative stigma associated with Chapter 13 bankruptcy. Interested parties may like to know that they are not alone in following this avenue.

It was recently reported that numerous individuals filed for Chapter 13 bankruptcy in another area. Though no details on specific cases were given in the report, over 40 individuals and couples were listed as having filed for this type of bankruptcy. It is likely that they are on their way to more stable financial ground.

Chapter 13 involves the repayment of debts over a period of time. The debt amounts are often a portion of what they were before the filing as creditors are often contacted in order to potentially lower balances in settlements. This avenue often takes from three to five years to complete as individuals work through their court-approved repayment plans to get back on track.

Though Chapter 13 may not be the right path for everyone, it may be able to help qualifying individuals get out from under their considerable debt. South Carolina residents may wish to gain more knowledge on this option if they believe it could be suited to their circumstances. They may also wish to consider Chapter 7 bankruptcy and other methods of debt relief that could potentially assist them in their endeavors.

Source:, "The Record: Bankruptcies, April 19", April 18, 2016

No Comments

Leave a comment
Comment Information
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

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Subscribe to This Blog's Feed FindLaw Network