Finding the Right Business Debt Relief Lawyer in South Carolina
Facing overwhelming business debt can feel incredibly stressful and isolating. As a business owner in South Carolina struggling under the weight of debts and creditors, you may feel like there are no good options and no way out. But there is hope – working with an experienced South Carolina business debt relief lawyer can help you find the best path forward to resolve your business debts and get your finances back on track.In this article, we’ll walk through some of the debt relief options a South Carolina business lawyer can help you with, what to look for when choosing the right attorney, and provide info on great lawyers that may be able to help you.
Debt Relief Options a South Carolina Business Lawyer Can Advise On
Here are some of the main debt relief solutions a knowledgeable South Carolina business debt attorney can walk you through:
-Debt Settlement
Debt settlement involves working with creditors to agree on a lump-sum payment that is less than the total amount owed. This can help resolve debts for significantly less than you owe. A lawyer can negotiate with creditors on your behalf to get the best possible settlement.
Bankruptcy
Filing for bankruptcy can provide a fresh start by discharging or reorganizing debts under court supervision. Chapter 7 bankruptcy fully discharges many debts, while Chapter 11 allows you to restructure and repay debts over time. A lawyer can advise if bankruptcy is the right option and guide you through the process.
Creditor Harassment Defense
If creditors are engaging in illegal harassment like excessive calls, a lawyer can send cease and desist letters and take legal action if needed. They can advise you on your rights.
Foreclosure Defense
If your business property faces foreclosure, a lawyer may be able to negotiate with the lender, file bankruptcy to halt foreclosure, or identify other defenses to stop a foreclosure in its tracks.
-Tax Debt Resolution
If back taxes are burdening your business, a lawyer can help negotiate an Offer in Compromise, payment plans, or other relief options with the IRS and state tax authorities.Clearly a skilled business debt relief lawyer has many strategies they can draw upon to help resolve your business debts. Consulting with one is the best first step to understand all your options and the pros/cons of each approach.
How to Choose the Right South Carolina Business Debt Attorney
With the right lawyer on your side, you can find the optimal path forward to resolve your business debts. But how do you choose the right attorney? Here are some tips:
- Look for debt relief expertise – Choose a lawyer who specializes in business debt relief solutions, not a general practice attorney. Specific experience with business debt settlement, Chapter 11 bankruptcy, tax debt resolution and related topics is key.
- Find great listener – The right lawyer will listen closely to understand your unique situation and goals, not take a one-size-fits-all approach. Look for patient, compassionate listening skills.
- Consider credentials – Board certification in business bankruptcy from the American Board of Certification demonstrates a lawyer’s expertise in this area. Membership in the National Association of Consumer Bankruptcy Attorneys is another good sign.
- Review experience – Look for a lawyer with at least 5-10 years specifically handling South Carolina business debt relief cases so they understand the local courts and processes.
- Request referrals – Ask the lawyer for referrals from past South Carolina business clients you can contact. This can give insight into their skills.
- Compare costs – Debt relief legal fees vary widely, so be sure to understand what’s included in a lawyer’s fees and compare total costs. Look for fair, reasonable fees.
Taking the time to carefully choose the right debt relief lawyer for your business pays off with better results resolving your debts.