Edgefield County Bankruptcy Attorneys

Edgefield County Consumer Bankruptcy Firm Understands Your Situation

Bankruptcy Is Not A Bad Word

In today’s uncertain financial times, many of us are living with spiraling debt. Maybe you lost your job, suffered a medical catastrophe, or simply can’t find a way to get out from under all of your bills. Your home may be in danger of foreclosure, and creditors are constantly nipping at your heels. It’s important to remember — you’re not alone.

The word “bankruptcy” is a scary word for many people. Its negative connotations make people reluctant to explore the possibility, when in reality filing for bankruptcy can help you clean up your finances and start over with a clean slate. At the Law Offices of Andrew C. Marine in Edgefield County, our bankruptcy attorneys work with our South Carolina clients to start over and get a second chance. Contact us today to find out more.

When To File For Bankruptcy in Edgefield County

Perhaps the most difficult thing about bankruptcy is deciding when it’s the right time to file. Think about your finances and ask yourself some questions:

  • Does the thought of your debt make you feel scared or anxious?
  • If you are in credit card debt, are you making only the minimum payments and nothing more?
  • Are you relying on your credit cards to pay for necessities like groceries and gas?
  • Are bill collectors calling your home or work? Do you feel harassed?
  • Are you considering looking into a debt consolidation company?
  • Are you afraid to even tally up what you actually owe?

If you answered “yes” to more than a few of these questions, you should contact a bankruptcy lawyer for advice. You can find out your options and see if bankruptcy can help put you on a better financial track.

Declaring Bankruptcy

Your bankruptcy law firm works with you to declare bankruptcy. Once you file for bankruptcy, your creditors must cease their collection efforts. Filing for Chapter 7 bankruptcy liquidates a portion of your assets, the proceeds of which are then used to pay off your creditors. Within a few months, your debts are discharged.

Filing for Chapter 13 bankruptcy sets up an affordable payment plan which pays off your creditors over a period of three to five years. At the end of this period, your debts are discharged. Both forms of bankruptcy remain on your credit report for up to 10 years, but your bankruptcy attorney can advise on how to quickly rebuild your credit score.

Debtors in Edgefield County Need to Contact Our Bankruptcy Law Firm Today

If you are considering filing for bankruptcy in South Carolina, contact the Law Offices of Andrew C. Marine. Allow us to help you work out a solution to your financial situation and start fresh. Call us today at (803) 810-0859.