Reed Law Firm, P.A. - bankruptcy

Columbia: 803-807-2565

Florence: 843-536-0073

chapter 13 Archives

How do I prepare for a wage earner's plan filing?

Those who are struggling with debts while earning a significant income are usually overwhelmed by complex cashflow issues. For them, selling their assets may not be necessary because they have a sufficient income to pay off their debts. However, the high-interest rates and constant creditor action can be hindering the process.

Will Chapter 13 bankruptcy repayments be manageable?

Anyone can find themselves in debt, especially when unforeseen circumstances arise. Therefore, filing for bankruptcy should never be a source of shame for anyone. In many ways, it is a commendable choice, because you are taking action to pay off your debts, thereby increasing the quality of life for your loved ones.

Why Chapter 13 bankruptcy could be the right choice for you

If you are struggling with debts that you see no way out of, you may be considering the possible benefits of bankruptcy. The bankruptcy process subjects the debtor to the rules of the bankruptcy court, which allows for special actions that can benefit them, such as relief from creditor actions and debt discharges.

When is Chapter 13 bankruptcy the best option?

People who are considering bankruptcy in order to gain a fresh financial start can easily become overwhelmed with the number of options available to them. There are many different bankruptcy Chapters, each with their own advantages and disadvantages. It is important that you apply your individual circumstances to each option so that you can analyze your alternatives.

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.  

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

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

Phone: 843-536-0073
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