What Sets a True South Carolina Bankruptcy Law Firm Apart from National Operations

If you are facing financial concerns that may require bankruptcy, the matter of which law firm you turn to for the help you need is critical. The fact is that both state laws and federal laws apply, and working closely with a reputable local firm helps to ensure that your rights will be well protected from the outset and that your case will be resolved favorably. Our experienced bankruptcy attorneys at Reed Law Firm, P.A., faithfully serve clients throughout the Columbia area, and we welcome the opportunity to do the same for you.

State vs Federal Exemptions

Too many would-be filers are terrified that bankruptcy means liquidating all assets, which means the loss of everything necessary to build financial stability, including one’s car and home. Every state, however, has its own exemptions, and some states allow filers to choose between state and federal exemptions. In the State of South Carolina, you must implement the exemptions it allows, and this highlights the importance of having a South Carolina firm in your corner.

South Carolina’s Exemption Allowances

The most common exemptions allowed in South Carolina bankruptcy cases include the following:

• Up to a specific amount of equity in your home, which is doubled for couples who file together and are co-owners of their homes
• Up to a specific amount of equity in your car
• Up to a specific value in relation to household goods and personal property, including clothing, furniture, and appliances
• Tools that support your ability to earn money (called tools of the trade)
• Pensions and retirement accounts that are exempt from taxes
• Public benefits
• Health aids
• Child support
• Alimony
• Personal income and wrongful death settlements or court awards

South Carolina is not interested in leaving those who pursue bankruptcy without the means they need to rebuild their finances and to continue living productive lives. Turning to a well-respected South Carolina bankruptcy firm can help you maximize your exemptions.

Knowing the Lay of the Land

The benefits of having a local bankruptcy lawyer skillfully handling your case come with the additional benefit of their being well-versed in how the specific district court operates. This translates to having a clearer understanding of the path your case will take and of being better positioned to engage in successful negotiations or to resolve any issues that arise favorably. In the end, it can be difficult to overstate the positive impact of retaining a long-standing South Carolina bankruptcy firm from the start.

Seek the Help You Need from Our Experienced Columbia Bankruptcy Lawyers Today

Our capable bankruptcy attorneys at Reed Law Firm, P.A., have earned a solid reputation for championing the financial rights of our valued clients throughout the Columbia area. We bring our expansive knowledge of state laws and local practices to every case we take on, and it shows. For more information about what we can do to help, please don’t delay contacting us online or giving our firm a call at 803-726-4888 today.