Charleston Bankruptcy Blog

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How Much Will My Chapter 13 Payments Be?

May 17th, 2015

Chapter 13 is known as a "payment plan" or "reorganization" bankruptcy for individual debtors. The purpose of a Chapter 13 is to repay as much to creditors as you can over a three to ...
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South Carolina Median Income Figures effective April 1, 2015

March 14th, 2015

It's that time of year again. It's the twice-yearly time when median income figures are announced by the U.S. Trustee's office. The figures are based on Census Bureau reporting. The figures are important for ...
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Inherited IRAs (Redux)

January 11th, 2015

In "Are Inherited IRAs exempt", I went out on a limb and predicted that the U.S. Supreme Court would rule--as did the 5th Circuit Court of Appeals--that inherited IRAs were exempt under section ...
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South Carolina Bankruptcy Court Launches Mortgage Modification Program

December 5th, 2014

Getting a mortgage modified can be a daunting process--like a root canal, only involving paper, yet almost as painful. You send required documents only to be told by the mortgage servicer that they never ...
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Five Things That Will Drive Your Bankruptcy Lawyer Nuts

October 28th, 2014

Your relationship with your bankruptcy lawyer is just that, a relationship. Like any other relationship, there are things you can do to strain it. Lawyers in all areas of law discuss problem clients. It ...
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South Carolina Property Exemptions Increase Effective July 1, 2014

July 5th, 2014

Our South Carolina exemptions are adjusted for cost of living every other July 1. Exemptions in property allow the property to be protected from a judgment creditor or bankruptcy trustee up to the ...
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10 Ways Financial Problems are Like Jiu-Jitsu

June 8th, 2014

It's always good to have a strategy when facing a problem--particularly a financial problem. Over the last three months, after an odd "Yes Man" moment in March of this year, I began learning Judo ...
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Hiring a Security Clearance Attorney

May 4th, 2014

A few years ago, I did a post entitled, "Filing Bankruptcy and My Security Clearance." Everything I've said in that post remains true. The fact of the matter is that the bankruptcy doesn't disqualify you ...
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Filing Bankruptcy to Get Your South Carolina Driver’s License Back

February 16th, 2014

Filing bankruptcy can help you get your driver's license back if it's been suspended for failure to pay a judgment. South Carolina law provides that if a judgment is entered against you as a ...
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Are Inherited IRAs Exempt?

January 29th, 2014

IRAs enjoy significant protection from creditors and the bankruptcy trustee.  In fact, there are multiple statutory protections. Here in South Carolina--we're an "opt out" state, so if you file bankruptcy here, you must ...
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