Benjamin R. Matthews and Associates, LLC Blog
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This blog was founded by Benjamin R. Matthews, a criminal defense attorney based in Columbia, South Carolina. Benjamin R. Matthews and Associates, LLC help South Carolina residents through tough financial times. Learn about bankruptcy on our blog.
Benjamin R. Matthews and Associates, LLC Blog
1d ago
When to file for bankruptcy for credit card debt The soaring average credit card debt in the U.S. - hitting between $6,360 and $11,000 per borrower in 2023 - indicates the financial strain affecting countless individuals. However, breaking free from the cycle of credit card debt is often a monumental task. For many, the solution ..read more
Benjamin R. Matthews and Associates, LLC Blog
1M ago
Is bankruptcy the right option for you? American debt is skyrocketing to record highs, with $17.5 trillion in personal debt as of the last quarter of 2023. The average amount owed nationwide is more than $100,000 per household. Many households are swimming in debt, but a lifeline is available. In South Carolina, declaring bankruptcy can ..read more
Benjamin R. Matthews and Associates, LLC Blog
3M ago
If you're ready to explore a financial reset, here's what you need to know. Talking to a bankruptcy lawyer is a big step. It means acknowledging to yourself that you're in a difficult situation and need a way out. It also means discussing your finances with a stranger, which is always hard. And if you've ..read more
Benjamin R. Matthews and Associates, LLC Blog
5M ago
Make sure you understand your rights and responsibilities before you file. If you are considering filing for Chapter 7 or Chapter 13 bankruptcy, one step you need to take as soon as possible is to take stock of your entire financial situation. All of your debts and assets need to be accounted for, including any ..read more
Benjamin R. Matthews and Associates, LLC Blog
7M ago
The burden of student loan debt has become an all-too-familiar struggle for countless individuals pursuing higher education. While loans can be a valuable tool for financing education, they often lead to years, if not decades, of financial strain for borrowers. Student loan debt in America has recently reached about $1.75 trillion. That’s about $28,950 per ..read more
Benjamin R. Matthews and Associates, LLC Blog
9M ago
It’s the letter no one wants to get: a debt collection notice. You’ve tried to keep up with your payments, but now one of your loans is delinquent and your creditor or a debt collector is taking legal action. What can you do? First, don’t panic. You have a little time, and you have legal ..read more
Benjamin R. Matthews and Associates, LLC Blog
10M ago
One of the most persistent myths about bankruptcy is the idea that people who file for bankruptcy are simply lazy or didn’t manage their money well. The reality is that most bankruptcies in the United States are caused by circumstances beyond the debtor’s control. Medical expenses, loss of income, and divorce top the list If ..read more
Benjamin R. Matthews and Associates, LLC Blog
11M ago
Increased cost of living can make it impossible to make ends meet. We’ve all seen the headlines about inflation and felt the pain at the pump, the grocery store, and so on. Prices for a wide variety of goods and services have increased, and salaries haven’t kept up with those increased costs. For hardworking people ..read more
Benjamin R. Matthews and Associates, LLC Blog
1y ago
A financial reset can affect your entire life If you're dealing with overwhelming debt, then you almost certainly know that it's not just a financial problem. Having debt hanging over your head can affect every aspect of your life. One recent poll found that a whopping 73% of Americans rank finances as a cause of ..read more
Benjamin R. Matthews and Associates, LLC Blog
1y ago
The short answer: "It depends." Debt can take over every aspect of your life. So can the end of your marriage. Dealing with divorce and bankruptcy together is an incredibly difficult process, and it's natural to feel lost, confused, and overwhelmed. The first thing to understand is that you are not alone. Financial issues are one ..read more