Is It Time To Rejoice in S.C.?
I really don’t know what to make of this piece of news. It seems bankruptcy filings have fallen 63 percent in South Carolina this year, thanks mainly to changes in federal law. Now, does this mean that people are no longer so neck deep in debt that they need to use the bankruptcy provision OR, is this just the calm before the storm? Only time will tell. Myrtlebeachonline.com reports:
The nonprofit Family Service Center of South Carolina receives about 25 to 30 visits a day with most people coming for debt consolidation after losing their job, said Schrendria Robinson, director of consumer counseling services. She said that is higher than before the changes in the law.
Read more: Bankruptcy filings in S.C. down 63 percent
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