Reed Law Firm, P.A. - bankruptcy

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chapter 13 Archives

Evaluating Chapter 13 bankruptcy as a solution to debt

There are many options for those struggling with debt in South Carolina. Because of the many options available to you, you may be finding it difficult to know which way to turn. By learning about the pros and cons of your options, it is more likely that you will be able to choose the option that will work best for you.

South Carolina residents have options in dealing with debt

Uncertain of what to do or how to resolve the problem, many individuals and families become overwhelmed as their debt burden continues to mount. High interest rates often make it seem impossible to make any headway in reducing the amount owed. While it may seem as if there is no way out, there are a number of financial options available to assist the South Carolina individual or family struggling with debt.

Chapter 13 bankruptcy may be solution for South Carolina resident

Financial struggles are a concern for many South Carolina residents. For some, the loss of income, a medical crisis or some other catastrophe has left them unable to pay their bills. For others, there is income; however, it is not enough to keep up with everything that they owe each month. When this happens, filing for bankruptcy may be the appropriate solution.

Should South Carolina resident file Chapter 13 bankruptcy?

Credit scores play a large part in the financial decisions that a South Carolina resident makes. Anytime one applies for a loan, the credit scores are checked. In fact, the majority of the time when one even applies for a new apartment or a new job, his or her credit score is checked. As a result, some individuals fear that a bankruptcy will have such a dramatic affect upon their credit score that they do nothing rather than take the necessary steps to get out of financial trouble.

Eligibility for Chapter 13 and Chapter 7 is not guaranteed

South Carolina is by no means a stranger to the fluctuating economy to which other states in the nation are regularly exposed. Whether you've lived here for decades or are a newcomer to the state, you likely understand how challenging it can be to overcome significant financial problems when they arise. Perhaps you've already rebounded from such situations a time or two in the past. If so, the type of solution you chose may have greatly affected your outcome.  

South Carolina residents can find relief through Chapter 13

Even with a steady job, it can become difficult to make ends meet. For one reason or another, the South Carolina resident is struggling to cover the basic necessities and pay all of the bills. Rather than continue to dig deeper into debt, there are ways to escape from this situation and start over financially.

Which is better, Chapter 7 or Chapter 13 bankruptcy?

If you stepped into 2018 with serious financial problems, you are definitely not alone. In South Carolina and throughout the nation, many people are currently trying to overcome serious financial obstacles. For some, unexpected job loss or medical crisis quickly turned financial stability to chaos. On the other hand, you might simply be one of many whose spending got out of hand and credit card bills began piling up until your debt outweighed your financial resources. The good news is that most financial problems are temporary.

Columbia residents may benefit from chapter 13

Large amounts of debt can overwhelm anyone, especially when backed into a corner. The calls and letters continue to come and future credit is at risk due to negative effects. For Columbia residents considering the benefits of Chapter 13, it is advised that he or she review the different options available to them.

In South Carolina, bankruptcy can lead to better financial future

The word "bankruptcy" is scary for many people. Pursuing bankruptcy is often unfairly perceived as an admittance of failure rather than the invaluable process that it can truly be. Those in South Carolina who are drowning in debt can utilize bankruptcy to create a better, more secure financial future for themselves.

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Columbia Law Office
220 Stoneridge Drive, Suite 301
Columbia, SC 29210

Phone: 803-807-2565
Fax: 803-726-4887
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Florence Law Office
1807 West Evans Street, Suite B
Florence, SC 29501

Toll Free: 843-536-0073
Fax: 843-679-0667
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