On behalf of Reed Law Firm, P.A. | Oct 7, 2019 | Bankruptcy
When you declare bankruptcy, you expect to take some time to rebuild your finances. But one major concern of bankruptcy is the affect it has on your credit score. Bankruptcy will affect your credit. How much of a hit you take will depend on how much debt you have on...
On behalf of Reed Law Firm, P.A. | Sep 30, 2019 | Bankruptcy
Bankruptcy filings by older Americans have increased rapidly over the past three decades. Seniors made up just 2% of total filings in 1991, but now account for 12% of all bankruptcies. A research paper by Indiana University says 133,000 out of 51 million people over...
On behalf of Reed Law Firm, P.A. | Sep 19, 2019 | Bankruptcy, Chapter 7
Debt can be a significant source of stress for those who struggle with it. There can be calls from creditors, threats of foreclosure and difficulty paying for life’s necessities. Luckily, the US government offers a way to escape from that: bankruptcy. Chapter 7...
On behalf of Reed Law Firm, P.A. | Sep 21, 2018 | Bankruptcy
For those considering bankruptcy, you may be worried about the decision plummeting an already-suffering credit score into a hole you can’t dig yourself out of. But bankruptcy is meant to help you get back on your feet and credit scores are subject to change....
On behalf of Reed Law Firm, P.A. | Sep 19, 2018 | Bankruptcy
Many people mistakenly believe that filing for bankruptcy will permanently ruin their credit. This is not true. While your credit will take a hit after you file for bankruptcy, you may be surprised that the long-term impact on your credit is not as bad as you might...
On behalf of Reed Law Firm, P.A. | Apr 19, 2018 | Bankruptcy
Overcoming a serious financial crisis is definitely no small matter. Sometimes, it’s simply a matter of adjusting your spending habits while other situations are not so easily rectified. Perhaps you’ve been considering bankruptcy as a debt relief option,...
On behalf of Reed Law Firm, P.A. | Dec 14, 2017 | Bankruptcy
Perhaps you’ve consolidated all the bills you can; you cut back on expenses and even considered working with your creditors to settle your debts for a lower amount. You may have even looked into credit counseling agencies but decided against it after talking to...
On behalf of Reed Law Firm, P.A. | Oct 19, 2017 | Bankruptcy
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....
On behalf of Reed Law Firm, P.A. | Oct 16, 2017 | Bankruptcy
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...
On behalf of Reed Law Firm, P.A. | Aug 23, 2017 | Bankruptcy
Most everyone faces a time when things get tough. A job loss or divorce may drastically reduce your income, or maybe you just overspent on your last vacation. The result may be months of struggling, juggling and scrapping to get by. You may even reach a point where...
