Bankruptcy | Reed Law Firm, P.A. https://www.reedlawsc.com Columbia SC Bankruptcy Lawyer | Florence Debt Relief Attorney South Carolina Fri, 16 Jun 2023 20:26:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.2 https://www.reedlawsc.com/wp-content/uploads/sites/1201465/2019/08/cropped-favicon-32x32.png Bankruptcy | Reed Law Firm, P.A. https://www.reedlawsc.com 32 32 Steps during the Chapter 7 bankruptcy process https://www.reedlawsc.com/blog/2023/06/steps-during-the-chapter-7-bankruptcy-process/ Fri, 16 Jun 2023 20:26:10 +0000 https://www.reedlawsc.com/?p=50119 Facing overwhelming debt can place strain and stress on virtually every area of your life. If you are struggling with balances that you can no longer manage on your own, you could feel discouraged, assuming that there is no way out for you. Thankfully, debt problems are not insurmountable when you seek the protection of a bankruptcy filing. Chapter 7…

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]]> What are the benefits and potential drawbacks of bankruptcy? https://www.reedlawsc.com/blog/2023/05/what-are-the-benefits-and-potential-drawbacks-of-bankruptcy/ Fri, 26 May 2023 17:59:47 +0000 https://www.reedlawsc.com/?p=50112 If you owe a significant amount of debt, you know that this can impact multiple areas of your life. You will experience the stress and strain that comes from knowing you owe more money than you can pay, and you may not believe that you can ever catch up on your own. You may also be getting phone calls from…

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]]> What is going to happen to your property during bankruptcy? https://www.reedlawsc.com/blog/2023/05/what-is-going-to-happen-to-your-property-during-bankruptcy/ Thu, 25 May 2023 18:01:23 +0000 https://www.reedlawsc.com/?p=50114 For consumers overwhelmed by debt and past-due balances, it can seem like there may be no way out. Dealing with debt may be an insurmountable issue, which is why many people choose to seek the protection of bankruptcy. This option can provide an applicant with a way to deal with his or her debt in an organized and effective manner…

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]]> What will happen to your house if you file for divorce? https://www.reedlawsc.com/blog/2023/05/what-will-happen-to-your-house-if-you-file-for-divorce/ Wed, 24 May 2023 17:50:30 +0000 https://www.reedlawsc.com/?p=50111 Owing a significant amount of debt can be a burden on your life. You may find that your financial struggles carry over into other areas, and you could be facing the additional stress of debt collectors, notices from creditors and constant pressure to pay. You might feel like you cannot escape these issues, and while it feels as if there…

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]]> Addressing the timeline to finalize bankruptcy filings https://www.reedlawsc.com/blog/2023/04/addressing-the-timeline-to-finalize-bankruptcy-filings/ Wed, 26 Apr 2023 21:22:55 +0000 https://www.reedlawsc.com/?p=50109 There might be few things in life as stressful and harrowing as going through extended periods of monetary unrest. The trials of debt could affect your life in various ways, and while there might be a variety of steps to take to pursue much-needed financial relief, choosing a path can be a complex endeavor.  Bankruptcy is an example of a…

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]]> Evaluating recent reports on increases to bankruptcy filings https://www.reedlawsc.com/blog/2023/03/evaluating-recent-reports-on-increases-to-bankruptcy-filings/ Fri, 03 Mar 2023 20:52:26 +0000 https://www.reedlawsc.com/?p=50103 Financial challenges can arise under a multitude of scenarios, and sometimes it might not be easy to keep debt at bay. Issues with debt can gradually build with time or seem to appear overnight, and the fallout thereof may have a lingering impact on your life and leave you with questions about your options for relief. While facing dire financial…

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]]> How much does bankruptcy cost? (And can I afford it?) https://www.reedlawsc.com/blog/2023/01/how-much-does-bankruptcy-cost-and-can-i-afford-it/ Fri, 06 Jan 2023 19:20:20 +0000 https://www.reedlawsc.com/?p=50100 Bankruptcy is a tool available to South Carolinians overwhelmed by debt. It can help you and your family get out from under the burden of mounting interest and principal and start fresh. However, bankruptcy itself is not free. Filing fees and credit counseling To start with, both Chapter 7 bankruptcy and Chapter 13 bankruptcy require you to pay a fee…

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]]> Making sure it’s the right time to file bankruptcy https://www.reedlawsc.com/blog/2022/09/making-sure-its-the-right-time-to-file-bankruptcy/ Fri, 16 Sep 2022 14:41:04 +0000 https://www.reedlawsc.com/?p=50071 If you’ve been struggling to make ends meet, you are no doubt not the only person in South Carolina to currently facing financial distress. In fact, data shows that many families, whether single or dual income, are having trouble making ends meet. You might be considering filing for bankruptcy, which can be a valuable financial tool to alleviate debt and…

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]]> Evaluating some common questions about the bankruptcy process https://www.reedlawsc.com/blog/2022/09/evaluating-some-common-questions-about-the-bankruptcy-process/ Sat, 03 Sep 2022 00:03:47 +0000 https://www.reedlawsc.com/?p=49747 It might come as no surprise that dealing with high levels of debt can be stressful, as similar issues could take a significant toll on numerous areas of your life in South Carolina. While seeking relief from debt could help protect your financial stability, choosing a path that best fits your needs can seem an intimidating task. While bankruptcy could…

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]]> Knowing how issues with debt might affect your well-being https://www.reedlawsc.com/blog/2022/08/knowing-how-issues-with-debt-might-affect-your-well-being/ Sat, 20 Aug 2022 15:21:33 +0000 https://www.reedlawsc.com/?p=49448 Sources of financial strain can arise under a multitude of scenarios, regardless of whether debt builds up over time or seems to appear overnight. While it might not come as a surprise that dealing with debt can be a stressful experience, knowing how similar issues could affect your life may be another matter entirely. Studies indicate that prolong bouts with…

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