Archive for the ‘Bankruptcy’ Category

Early 401(K) Withdrawals Replacing Home Equity as Source of Cash

Many individuals today have problems paying their monthly bills, especially if they are in debt or become unemployed. Home equity loans provided the solution for a long time when property values were rapidly rising and when it was easy to borrow against the equity in your home.  The collapse of the housing bubble and the mortgage market crisis in 2008 put an end to the use of the home equity loan as a piggy bank or source of fast money to handle debts or financial emergencies. Now, Newsmax reports that people who need money are instead turning to their 401(k) accounts to get the cash they need. Unfortunately, this is a risky idea for many reasons. 

You should not take money out of a 401(K) to pay back debts, because your 401(K) is protected in a bankruptcy filing. Bankruptcy lawyers in Columbia, SC can help you to understand your options when you cannot pay your bills. If you have already taken money out of your 401(K) in the form of a 401(K) loan, you also need to understand how this will impact your bankruptcy.

The Problems with Tapping Into a 401(K) for Cash

There are a few different ways that you can use a 401(K) loan to get access to cash when you need it. One option you have is to just take money out of the account. This is usually the worst of your alternatives because you will be hit with taxes and penalties, thus losing a good chunk of your investment. If you simply take money out, you also jeopardize your retirement because that money is not in there to grow and provide for your future.

Another option is to borrow from your 401(K) and pay yourself back with interest. You can borrow as much as 50 percent of your vested account balance, up to a maximum of $50,000. If you do not use the money to buy a primary home, you have to pay back the loan within five years. If you leave your job, you will generally be required to pay back the loan in full within 60 days. This is one of the biggest risks of taking a 401(K) loan because if you are laid off or fired, you could be faced with a huge repayment expense at a time when you absolutely won’t have all that extra cash to spare.

Taking out a 401(K) loan is a better choice than simply cashing out your 401(K) but is still going to put your retirement at risk because you could end up just having to cash out if you lose your job. A 401(K) loan is also not going to be discharged in bankruptcy because it cannot be treated as a regular loan.

401(K)s are treated differently depending upon whether you file  Chapter 7 or a Chapter 13, but you generally will need to continue to make payments on the loan and pay it back even after your filing. Your attorney can explain to you how your 401(K) loan will be treated during your bankruptcy filing.

Contact Columbia bankruptcy lawyers at Matthews & Megna LLC by calling 1-803-799-1700. 

Financial Struggles? Options to Get Your Finances Under Control

According to a recent report published by the Associated Press, as many as four out of five adults in the United States struggle with joblessness, near poverty or reliance on government benefits for at least a portion of their lives. The AP reports that economic hardship plagues people across all races, but that hardship is on the rise among whites.

Our Columbia, SC bankruptcy lawyers know that many people are struggling, especially as there has been a decline in good-paying manufacturing jobs and as economic security in the United States has deteriorated.  While some of these struggles may come from a lack of financial education – or the wrong types of financial education – in other cases, unemployment and outside economic factors may create problems for individuals and families.

Is Budgeting the Answer?

For some people who struggle financially, the problem may be a lack of financial education that would make it possible to make the right financial decisions.

According to the Wall Street Cheat Sheet, for example, as many as 57 percent of Americans responding to a survey conducted by the National Foundation for Credit Counseling  misunderstood the purpose of a budget. Most respondents described budgeting as a restriction on the money they could spend, rather than on a way to identify and avoid financial waste.

Unfortunately, a part of the reason why people may have budgeting problems or issues managing money is that they are learning the wrong lessons from their parents.

As The Street pointed out, parents are talking to their kids about money more than ever before, with 73 percent of parents saying they discuss the subject of money often. Unfortunately, however, many of these conversations center around short-term money topics such as going back to school shopping. This can help to turn kids into spenders, encouraging children either to save only for short-term goals or to spend cash immediately. A T-Rowe Price survey in which as 24 percent of kids said they believe the best way to save $1 million is to become famous, also shows that kids are lacking in some basic fundamental facts about how to save and invest.

The absence of good financial education and financial knowledge, therefore, may play a roll in explaining why some are living paycheck to paycheck and struggling with money.

At the same time, however, a budget can only go so far to solve your financial problems when low-wages jobs are all that are available. In fact, Nasdaq.com reported on a recent McDonald’s minimum wage budget that the company created to try to teach fast food employee’s how to manage money. The only problem with the budget was that it required the employee to have a second job and to pay nothing for food, child care or heat.

The McDonald’s budget shows just how hard it can be for families to survive even when they are working. A budget and financial education are not going to resolve struggles for families who simply don’t have good middle class jobs available to them. When these families are in debt – as so many are because of medical expenses or emergencies like car breakdowns- things become even worse. Bankruptcy may become the best and only solution for a family to get out of debt when their finances have reached a point where no amount of careful budgeting can provide a solution.

If you are considering bankruptcy, contact the Columbia, South Carolina attorneys at Matthews & Megna today at 877-253-7705.

Social Taboos about Debt Could Make it Hard to Ask for Bankruptcy Help When You Need It

According to The Street, talking about credit card debt has become one of the most taboo topics for most Americans, especially those in the age groups classified as “Generation Y.” 

As many as 85 percent of Americans responding to a recent survey conducted by CreditCards.com indicated they would be unwilling to discuss their credit card debt with someone they just met, and a vast majority of respondents also indicated they’d be more reluctant to talk about their debt than about their love life or salary.

Our Columbia, SC bankruptcy lawyers know that the reluctance to discuss debt leaves many people uncertain where to turn if they are struggling and unwilling to ask for the help they need if they are considering filing for bankruptcy. The reality, however, is that while people might not like to talk about it, a lot of people are coping with serious financial struggles. Those who have debts they cannot pay should never be afraid to ask for help.

Why is Debt a Taboo Topic?

The Street indicated that the percentage of Americans who don’t want to talk about their debts has increased in recent years, as in 2008 only 80 percent said they’d be standoffish about the topic. The jump to around 85 percent is a sharp increase, especially considering only 84 percent of respondents surveyed said they wouldn’t want to talk about their salary and only 80 percent indicated they wouldn’t want to talk about their love lives.

More than 1,000 adults were interviewed in the survey about their attitudes towards discussing debt and researchers have a number of possible explanations for why most answered the way they did.

One issue is that debt has very negative connotations. While it has always been frowned on, today those who are in debt may feel as if they are failing if they are forced to depend on credit to buy the things they need.  There are also stereotypes suggesting that individuals who are in debt suffer from a lack of self-control. The negative attitudes about debt can make people reluctant to share information about their financial struggles for fear that the information will be seen as admitting to personal failings.

The reality, however, is that a lot of Americans have debt and a lot of Americans are struggling a great deal with their credit card bills. In fact, the economy and wages haven’t fully recovered from the great recession that began in 2008. Ongoing economic hardship may help to explain why more people don’t want to talk about credit card debt today than in the past: more people may be struggling with larger ongoing debts due to the lingering financial crisis.

Unfortunately, this unwillingness to talk about debt can be dangerous. Those who see their debt troubles as failings and who are unwilling to share may also be reluctant to get the help they need. Filing for bankruptcy could actually be the best solution to get you out of debt so you don’t have to feel concerned about your finances; you should never hesitate to be proactive and take the smart step of asking for help when you are in over your head.

If you are considering bankruptcy, contact the Columbia, South Carolina attorneys at Matthews & Megna today at 877-253-7705.

With Student Loan Rates Set to Double, Many Students are Already Struggling

According to Forbes, the rate of interest on new Stafford student loans is set to double on July 1st unless Congress is able to act. Unfortunately, there is little agreement on the part of lawmakers on how to solve the problem of rising rates and efforts to thwart this massive increase in student loan costs have thus far been unsuccessful. 

If leaders are unable to come to an agreement, this increase in the cost of student borrowing is going to come at an inopportune time and is likely to cause serious hardship for the young. Our Columbia bankruptcy lawyers know that student debt is already crippling young people throughout the United States.  An increase in student loan costs is only likely to make this situation much, much worse.

Student Loan Debts are a Major Struggle

Student loan debts are a huge and growing problem in the United States. The cost of college has increased significantly in recent decades and the majority of students graduate thousands of dollars in debt. In fact, according to CNN Money, an estimated 16.2 percent of all Americans have student loans and the average balance on these loans is $24,810. This debt burden is causing those who are lucky enough to be able to pay their loans to delay buying a home, marrying or starting a family because they are so burdened with debt.

Unfortunately, the bad job market is also combining with high debt rates to leave many students unable to even begin tackling their debt burden. According to CNN Money, for example, almost 12 percent of student loans throughout the United States are at least 90 days delinquent.  In South Carolina, the number of delinquent borrowers is even higher than the national average as 13.5 percent of student borrowers are delinquent in the state.

Student debt is the only type of debt that has continued to increase during the Great Recession in the United States, as young people hope that going to college will provide them with a way to make it in a tough economy. Unfortunately, the actual outcome has proven very different as college grads are having a hard time finding jobs in their field and an even harder time finding jobs that will allow them to actually begin to aggressively pay down their debts.

Limited Help for Those Struggling with Student Loans

As if it is not bad enough that young people are trapped by student loan debt, things are even worse when you consider the special features of student loans. Perhaps the most problematic feature of all is that student loans are NOT forgivable in bankruptcy under almost any circumstances.

While you can get rid of most other types of debt including credit card debt and personal loan debt, you cannot eliminate student loan debt by filing for bankruptcy except in very limited circumstances. This means that even if you cannot find a job and cannot pay back your loans, there is no way to make the balance go away. The amount you owe can just keep on growing with interests and penalties and the situation can become even worse.

If you find yourself dealing with student loan issues, a bankruptcy lawyer may be able to assist you by helping to resolve other debts so your loan payments become more manageable. Until the law changes – and not in a way that doubles student loan interest rates – the problems with student debts will continue to cause huge ripples throughout the U.S. economy.

If you are considering bankruptcy, contact the Columbia, South Carolina attorneys at Matthews & Megna today at 877-253-7705.

Poverty is Rapidly Spreading to the Suburbs

Many people consider poverty to be a problem that is concentrated in inner cities. The suburbs, on the other hand, are typically viewed as places where families go to raise kids in relative comfort once they’ve gotten a good handle on their finances and saved to buy a house. 

Unfortunately, this is no longer a reality. Our Columbia, SC bankruptcy attorneys know that many suburban families are struggling to pay their bills or driven into foreclosure or bankruptcy. The problems of suburban poverty are not limited to a few people or to a few areas but have become a major issue throughout South Carolina and the United States.

Suburban Poverty Rising in South Carolina

According to a recent NBC News Article, suburban poverty has practically become an epidemic.  In fact, from the years 2000 to 2011, the number of suburban residents living in poverty rose almost 64 percent. Today, there are now an estimated 16.4 million people who are living in suburbs who are classified as living in poverty.

The increase in the number of poor families in suburbia was significantly higher than the rate of increase in cities. In fact, the rate of growth for suburban poverty was more than double the rate of growth for urban poverty in many major cities.  This has resulted in a situation where, for the first time, there are more poor and struggling people living in suburbs in many locations than are living in urban areas.

Poverty is a problem anywhere that it occurs, but those in suburban areas may unfortunately be worse off in some ways than poorer people living in urban areas. Because poverty is stereotypically viewed as an inner-city issue, most of the resources intended to help people in poverty are usually concentrated in metropolitan areas. This may mean that struggling people in suburbia have limited access to lifelines that could help them through such as food banks and public transportation.

Because poverty is not expected in the suburbs, the problem is also a hidden problem. People may be ashamed or afraid of admitting that they are having a hard time paying their bills. They may not have the support of neighbors, friends and family that is often available in traditionally-struggling communities where people may be able to count on each other for help or at least for understanding.

The reality, however, is that high rates of poverty in the suburbs are driven by many factors very few of which are the fault of those living in this bad situation.  Suburban poverty rates have largely increased due to high rates of unemployment, the collapse of the real estate bubble, a slow economic recovery, an increase in student loan debt, an increase in income inequality and the fact that many of the new jobs that are being created are low-wage with limited benefits.

This means that suburban homeowners and individuals who are coping with poverty should never be afraid to ask for help. Whether the solution is seeking government benefits or declaring bankruptcy, there are resources out there to assist those who are having a hard time financially.

If you are considering bankruptcy, contact the Columbia, South Carolina attorneys at Matthews & Megna today at 877-253-7705.

Many American Families Struggling to Get By

Despite a booming stock market and politicians claiming that we’re in the midst of an economic recovery, many Americans are still struggling through hard times. Our Columbia bankruptcy lawyers know that there are countless families out there living paycheck-to-paycheck or underwater and coping with debts they cannot erase.  Unfortunately, many of these families are considered to be well-above the poverty line and are ineligible for help that could give them some breathing room. 

While these economic problems are nothing new, a recent survey shows just how much more than poverty-level income most people think is required in order to survive in this country.   The survey also showed that a lot of families don’t think they have quite enough income to make ends meet.

How Much American Families Need to Get By

According to Today.com, Gallup recently surveyed more than 1,000 Americans and asked them to name the smallest amount of money that a family would require to get by in the community where they live.

Based on the responses, the poll found that Americans think a family of four people would need to make, on average, no less than $58,000 per year in order to be able to simply get by.  The results from the survey were very similar to the results of a prior survey in 2007 where the same question was asked.

The results also showed that most people estimated the necessary minimum income at a little bit more than they themselves made.  For example, according to Gallup, adults in households earning less than $30,000 think that it takes $43,600 on average in order to get by. In families earning $30,000 to $74,999, estimates of the minimum needed to get by rose to $55,100. Finally, in families earning $75,000 or more, the minimum needed to survive was estimated at $69,400.

These findings show a couple of important things. First, they show just how far the “minimum” estimates are from the poverty level. The Census Bureau estimates that the poverty level for a family of four is $24,000. With the “minimum” amount of money needed to get by estimated at more than double this amount, it is clear that there are probably a lot of struggling families out there that are not defined as living in poverty but who are not able to get their basic needs met.

The fact that most people estimated that they need more money than they have is also important. If families continually feel as if they do not have enough, they may find themselves turning to credit cards or other forms of debt in order to meet their bills and deal with unexpected expenses. This can quickly exacerbate their financial worries as they are then left to cope not just with their regular bills but also with interest and other costs of borrowing.

Unfortunately, when looking at the results of this study, it is easy to see why many families get into debt trouble and why many families end up in bankruptcy to try to get out of a financial mess they were pushed into by bad circumstances and tough economic times.

If you are considering bankruptcy, contact the Columbia, South Carolina attorneys at Matthews & Megna today at 877-253-7705.

Debt Relief Companies Sued; Trust a Bankruptcy Lawyer Instead

This May, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice teamed up to take legal action against two debt relief companies. As The Hill reports, this is the first joint effort of its kind. However, this is not the first time that debt relief firms have been dishonest and made promises they had no intention of keeping. 

Our Columbia, SC bankruptcy attorneys are aware of the unfortunate fact that many unscrupulous companies try to take advantage of those who are struggling with debt. This type of behavior is unconscionable as these companies prey on people who already have many financial problems and who don’t deserve to be victimized by those who promise to help.

Debt Relief Firms Face Complaints of Dishonesty

The CFPB has filed civil complaints against two debt relief firms that made false promises to debtors, while the Department of Justice has simultaneously filed criminal charges against the same companies. The DOJ charges include allegations of both mail fraud and wire fraud. This is the first time that the Justice Department has ever filed charges based on a referral from the Consumer Financial Protection Bureau.

The companies involved in the civil and criminal cases have been charged with defrauding more than 1,200 people out of millions of dollars. From 2009 through 2013, one of the companies — a purported “debt relief” company — claimed an affiliation with the federal government that did not exist. The company promised that it could negotiate with banks and credit cards to reduce debt, but then proceeded to take money from customers and ignore them.

The other company made fraudulent telemarketing sales, also making promises it couldn’t keep to debtors.  The DOJ is now seeking to seize proceeds from the scams, including confiscating properties and more than 40 bank accounts. The CFPB is focused on getting money back for defrauded debtors.

Protecting Yourself When Seeking Debt Relief

These cases are unique since this is the first time the CFPB and the DOJ have brought simultaneous actions, however this is not the first time that a debt relief company has been dishonest or defrauded consumers.

The CFPB is a relatively new government agency created by the Dodd Frank financial reform bill that was passed in response to abusive bank behavior, which was a top cause of the 2008 financial crisis in the United States. Hopefully, their efforts will be able to stop more dishonest debt relief companies in the future.

Debt relief scams are entirely too common because companies know that people who are struggling with debt are often willing to do everything they can to resolve their debt problems. Unfortunately, debt relief companies can abuse this desperation.

Those who are struggling with debt need to know that debt relief companies are not their only way out. There are legal solutions to resolving debt, including filing for bankruptcy, and an experienced bankruptcy attorney can help to provide real solutions.

Unlike a debt relief agency, a bankruptcy attorney must have passed the Bar exam and must be licensed to practice in the state. Bankruptcy attorneys also must abide by a professional code of conduct that includes putting clients first. Placing your trust in a bankruptcy attorney to help with you debt issues is a far better choice if you are coping with debt so you can avoid potential scams or fraud. There is also a common misconception that seeking help through a debt-relief company will not hurt a consumer’s credit report. Both debt-relief and bankruptcy will result in a lower credit score in the short term. However, bankruptcy offers a permanent solution for dealing with an unmanageable debt load.

If you are considering bankruptcy, contact the Columbia, South Carolina attorneys at Matthews & Megna today at 877-253-7705.

More Doctors Driven to Bankruptcy

The economy has been unkind to many, but one group that has been hit surprisingly hard in recent years is physicians. According to CNN, an increasing number of doctors have been pushed into bankruptcy over the past several years, sometimes having to close their practices as a result of the bankruptcy filing. 

Our Columbia, SC bankruptcy attorneys know that bankruptcy is something that can happen to anyone. Physicians who are struggling with a practice that is drowning in debt should not be afraid to get the legal help they need to move forward with bankruptcy proceedings and to take advantage of the protections that are available under the law.

More Doctors Driven to Bankruptcy

In the United States, medical practices are generally for-profit businesses, and they often have a high overhead. Doctors need to pay for lab equipment, offices, staff and medical malpractice insurance.

Unfortunately, many of the fixed costs of running a medical practice are increasing. Doctors are coping with higher medical malpractice insurance costs and higher expenses for drugs and other business necessities. Changing regulations are also putting pressure on doctors and are resulting in larger expenditures for running a medical practice.

Unfortunately, as costs are going up, income is going down. Medicare payments to physicians are continually being reduced or threatened with reductions as the government works to curb costs and get the national debt under control. Private insurance companies are also dropping physician reimbursement amounts, led by the cuts in government payments for medical services.

The poor economy, of course, is also having an impact on the ability of patients to pay for medical help. With higher unemployment rates, fewer people have insurance and are able to seek routine medical care or pay for expensive treatments. Higher unemployment and stagnant wages also make it harder for people to pay out-of-pocket costs and co-pays, regardless of whether they have insurance.

With more concerns about money, people are also more reluctant to consider any type of elective medical procedure.

All of these factors are causing doctors and medical practices to face significant financial struggles. CNN indicates that these problems are not isolated to any specific field of medical professionals. Even specialists such as oncologists, OB/GYNS and orthopedic surgeons are having difficulties staying afloat. The larger point illustrated is that no one is immune from economic pressures and realities.

Considering Bankruptcy?

Doctors who are facing debt struggles may have a number of different options for bankruptcy depending upon how their medical practices are organized and depending upon the amount of debt they have.

In some cases, it may be possible to keep the practice running while renegotiating debt through bankruptcy. In other cases, liquidating the practice may be necessary. A bankruptcy attorney can help physicians to understand what their options are for bankruptcy. An attorney can also help physicians to understand what impact, if any, a bankruptcy will have on their personal finances if the practice is going bankrupt.

Resolving these issues is important as soon as the practice starts to struggle with debt. Doctors shouldn’t hesitate to get help, as the trends show they are not alone with their financial struggles.

If you are considering bankruptcy, contact the Columbia, South Carolina law firm of Matthews & Megna today at 877-253-7705.

South Carolina Bankruptcy: Stop Apologizing for the Past

When you file for bankruptcy in South Carolina, you will need to go before a judge in order to have your bankruptcy approved. As our South Carolina bankruptcy lawyers know, a lot of different factors can make a difference as far as whether the judge signs off on your bankruptcy. However, one recent study shows that a simple thing can make a big difference: apologizing. 

In the past, studies have demonstrated that apologizing has made a difference in the outcomes of both civil trials and in criminal trials. Until recently, however, no one had considered the impact of an apology on bankruptcy proceedings.

The Study on Saying Sorry in Bankruptcy

The study on the effect of an apology on bankruptcy proceedings was conducted by two law professors, who presented 137 different bankruptcy attorneys with a hypothetical bankruptcy scenario.  In the scenarios where the debtor offered an apology, there was a greater chance that the repayment plans were approved by the bankruptcy judge than in the cases where the debtors did not offer an apology.

In addition to a greater likelihood of having a claim approved, those who offered an apology were also more likely to be met with greater permissiveness in terms of discretionary expenses. For example, the judge was more likely to permit things such as a child’s gymnastics lessons as discretionary expenses.

The authors of the study indicated that the filing of bankruptcy, in-and-of-itself, could be considered an admission of guilt or acceptance of culpability. However, by apologizing when filing for bankruptcy, this showed that the debtor was more remorseful. The authors of the study indicated that this could be an indicator that the debtor was more serious about getting his finances in order, thus encouraging the judge to be more permissive in approving the bankruptcy plan.

When a judge approves a bankruptcy plan, the only victims are creditors – who are often not present in the court room at the time – and the wrongs done to the creditors are usually small in comparison to situations where an actual crime is committed. However, we know in reality people have apologized too often, and for too long, about debt caused by medical bills, predatory lending, job loss and other factors outside the debtor’s control. Getting experienced legal help is the first step in reclaiming your life.

Will Apologizing Really Help You?

Of course, there is never any guarantee that apologizing is going to make a difference or help your bankruptcy plan to be approved. You still need to create a realistic repayment plan under chapter 13 that meets the requirements set forth by the law and determined by your bankruptcy trustee.

Without experienced legal help, consumers too often spend years or even decades struggling with unmanageable debt, paying little more than interest back to predatory lenders and mortgaging their futures and their retirement in the process.

If you are considering bankruptcy, contact the Columbia, South Carolina attorneys at Matthews & Megna today at 877-253-7705.

 

When Finances Crumble, Our Columbia Bankruptcy Lawyers Help

Nearly half of all American households are just one unexpected emergency away from financial ruin.

That’s according to a recent report from the Corporation for Enterprise Development, and our Columbia bankruptcy attorneys know that this precarious situation has many people essentially living on edge. They don’t have enough to cover even basic living expenses for a period of three months if something unexpected happened, such as a serious illness or job loss.

What’s more, nearly a third of Americans keep no savings whatsoever.

It’s not that these individuals are lazy or don’t have the foresight. It’s that they are unable to put anything away. Most of these people have jobs. In fact, three-fourths are working full-time. More than 15 percent of them earn salaries of more than $55,000 annually. Yet, they are still living paycheck to paycheck.

You have a lot of converging factors. These include stagnant wages, high credit card debt and overall skyrocketing prices on everything from groceries to gas.

The good news for those who do hit an unexpected financial snag, a chapter 7 bankruptcy can be the turning point. It will allow you to virtually wipe the slate clean and walk away free of most of your outstanding debt. It’s literally been a lifeline for those who bottomed out in the midst of the housing crisis and recession.

Even as we inch toward recovery, many are still struggling, and bankruptcy continues to help thousands of families get back on their feet.

Still, it’s certainly not something you want to enter into lightly. As such, you want to consider whether there are other steps you can take before you reach this point.

So if you’re facing a financial crisis, the first thing you’ll likely need to do is prioritize. Make a list of all your household expenses in order of importance. Depending on your situation, your list might start with your rent or mortgage, followed by food and utilities, then health care costs and insurance and rounded out by student loans and any other debts. The list will look different for everyone. Some might need to put medication costs higher on the list, for example. Either way, this step is important in determining what you might  be able to eliminate.

In some cases, you may be able to ask your creditors for an extension to better be able to pay. Many times, though not always, they will acquiesce. If you can meet with a low-cost or non-profit financial adviser to help you work through some of this, it could be extremely beneficial.

You’ll want to see if there are any expenses you can significantly trim or do without entirely. Reduce your cell phone plan or cancel your Netflix account. Get yourself down to the bare bones.

With all of this in mind, what you don’t want to do is dip into your savings or retirement accounts in order to cover things like credit card debt. The fact is, a bankruptcy will allow you to hang onto that money in the long term, offering a chance to preserve your future financial stability. The fact remains, families wait too long to get help. If your plan requires you to spent years, or even decades, steadily paying down your debt burden, you are likely already in over your head and would do well to speak to an experienced bankruptcy attorney about your options.

If you are considering filing for bankruptcy in Columbia, South Carolina, contact Matthews & Megna today at 877-253-7705.