Filing bankruptcy can have a number of benefits. Whether it’s complete debt forgiveness or a structured repayment plan, if you’re facing debt, it’s possible that legal advice from a bankruptcy attorney might be necessary in order to protect your future.
Darlington, SC (PRWEB) August 09, 2013
With one of York County’s largest employers recently filing Chapter 11, bankruptcy lawyer Ben Matthews said today that bankruptcy is an option for not only companies – but also individuals – who may be in need of debt relief.
In a June 23 article published by The State called “Stacy’s Garden Center files for bankruptcy protection,” it was revealed that the company – which employs up to 800 people during its peak season – had filed for Chapter 11 bankruptcy protection.
“Bankruptcy used to be considered a very negative term. In these economic times, though, it’s not only an option for a struggling business, but for individuals who want to clear their debt and get a new start,” said Matthews, whose firm represents individuals needing help filing for bankruptcy.
The story said that the company, which sells plants at retail outlets in over 20 states, listed $26.4 million dollars in assets and $31.3 million dollars in liabilities. In addition to bankruptcy protection, in order to preserve the well-being of the company’s employees, it was also reported that the company’s sale could be imminent.
Tim Brindley, the president of Stacy’s Garden Center, said that serious talks are underway to sell the company to a new owner who would keep 95% of the company’s workforce, according to the article.
The experienced bankruptcy lawyers at Matthews & Megna understand that members of the business world aren’t the only ones who may benefit from filing bankruptcy, according Matthews. Chapter 7 and Chapter 13 bankruptcies are common for individuals who face rising debt and fear losing their homes or personal assets, he said.
“Filing bankruptcy can have a number of benefits. Whether it’s complete debt forgiveness or a structured repayment plan, if you’re facing debt, it’s possible that legal advice from a bankruptcy attorney might be necessary in order to protect your future,” Matthews said.
About Matthews & Megna, LLC
Serving the legal needs of South Carolina since 1985, Ben Matthews and Tony R. Megna have handled thousands of cases for victims of car accidents, truck accidents, slip and fall accidents, workplace injuries, and for those who have suffered as the result of a tough economy. As a debt relief agency, the firm has a demonstrated track record of success in finding the best financial option available for their clients, including Chapter 7 and Chapter 13 bankruptcy.
If you’re thinking of filing for bankruptcy in South Carolina and looking for more information, call (877) 253-7705 for a free initial consultation.
Matthews & Megna has locations in Darlington, SC and Columbia, SC. Visit http://www.matthewsandmegna.com/