News

Trustee: Attorney will never repay $73 million

MYRTLE BEACH, S.C. (AP) — The trustee in charge of a Myrtle Beach attorney’s personal bankruptcy is asking a judge to convert the case to a straight liquidation because he says his client will never be able to pay off almost $73 million he owes to creditors.

SC city tries to get handle on default rate

COLUMBIA, S.C. (AP) — Almost one-third of the commercial borrowers who got publicly funded loans from the city of Columbia have defaulted, and city officials say they’re investigating whether the loans can be restructured to make them more affordable.