The Credit Card Game

December 26th, 2010  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Credit cards. They are why many of my clients end up in bankruptcy. I compare credit card issuers to drug pushers. They always ... Continue Reading »

Mortgage Stripping in Bankruptcy

December 18th, 2010  |  2 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Mortgage modification in bankruptcy is a confusing topic.   Some say you can.   Some say you can't. As with most bankruptcy issues, the answer ... Continue Reading »

Filing Bankruptcy with Your Husband: “Stand by Your Man”

December 10th, 2010  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Filing bankruptcy when you're married usually means both spouses filing together, but not always. The Bankruptcy Code is clear that even when a married couple files together, ... Continue Reading »

Mortgage Modification Checklist

November 26th, 2010  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Mortgage modification is a hot topic lately.   And most commentators have rendered a verdict: Mortgage modification programs like HAMP and HAFA (Home Affordable Modification Program ... Continue Reading »

Bankruptcy Filings and Collateralized Debt Obligations

November 14th, 2010  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Here's a chart I came across that illustrates the spread of collateralized debt obligations (CDOs for short). Basically, banks and other mortgage lenders sold these ... Continue Reading »

Avoiding the Holiday Debt Trap

November 11th, 2010  |  No Comments ››

Guest Post written by Atlanta Bankruptcy Lawyer, Bryce Angell We've all been there before. The holidays come and it's spend, spend, spend. Family and friends receive their gifts and are glowing with ... Continue Reading »

Judgments and Bankruptcy

November 4th, 2010  |  4 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott I frequently get questions about judgments.   Some of the questions I'm asked are: Must I file bankruptcy prior to being sued? Must I file bankruptcy prior to ... Continue Reading »

Senior Citizens and Bankruptcy: When the Wolf is at Grandma’s Door

October 26th, 2010  |  2 Comments ››

Guest post written by Philadelphia Bankruptcy Lawyer, Dan Mueller When I first started taking bankruptcy cases in the 1990s, I rarely had a senior citizen as a client.   Today, it is not unusual ... Continue Reading »

South Carolina Bankruptcy Median Income Figures DOWN!

October 19th, 2010  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott South Carolina bankruptcy filers will now have to face the reality of lower median income figures starting November 1.   "Median" means the 50th percentile--that is, ... Continue Reading »

Avoiding Bankruptcy: When Do You Borrow from Relatives?

October 9th, 2010  |  No Comments ››

Written by Summerville Bankruptcy Lawyer, Russell A. DeMott Avoiding bankruptcy is a topic I regularly visit with clients.   None of my clients want to file bankruptcy if there's some other viable alternative.   ... Continue Reading »

Bankruptcy Experiences #4

September 27th, 2010  |  2 Comments ››

Written by Charleston Bankruptcy Attorney, Russell A. DeMott I have a soft spot in my heart for my bankruptcy clients, but this couple really stands out.   As described below, they did indeed go ... Continue Reading »

Bankruptcy Documents: It’s a Moving Target!

September 20th, 2010  |  1 Comment ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Filing bankruptcy involves assembling documents for your lawyer--lots of documents.   If you don't know this yet, well, Grasshopper, you have just begun your quest to ... Continue Reading »

Stopping Foreclosure With a Chapter 7 Bankruptcy

September 12th, 2010  |  2 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Chapter 7 bankruptcy can slow down foreclosure, but it's not the best way to stop foreclosure. Chapter 7 bankruptcy is the most common kind of consumer bankruptcy. ... Continue Reading »

South Carolina Bankruptcy Court Rules on Student Loan Discharge

September 5th, 2010  |  No Comments ››

Guest Post Written by Brandon Moreno of the Utah Bankruptcy Hotline The South Carolina Bankruptcy Court recently issued an opinion clarifying the circumstances in which it is possible to obtain a discharge ... Continue Reading »

We’re Moving!

August 26th, 2010  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott To my clients: First, I wanted to thank you for entrusting me with your case.   Representing clients is both fulfilling and, at the same time, an ... Continue Reading »

Filing Bankruptcy: “Will I Hurt My Wife’s Credit When I File?”

August 10th, 2010  |  2 Comments ››

Guest Post Written by Rome, Georgia Bankruptcy Lawyer, Jeff Kelly When filing bankruptcy, if your spouse has not signed any contracts with you, your spouse's credit score will not be affected by your filing. Before ... Continue Reading »

Filing Bankruptcy: “How Much Debt Do I Need to File?”

August 5th, 2010  |  2 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott One of my readers recently asked about how much debt he needed to file bankruptcy.   That's a good question, and I'm asked that frequently. There's no ... Continue Reading »

South Carolina Bankruptcy Laws

July 28th, 2010  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott What are "South Carolina bankruptcy laws?"   Technically speaking, there really is no such thing as South Carolina bankruptcy law.   But this doesn't ... Continue Reading »

Filing Bankruptcy and Keeping “Just One” Credit Card

July 21st, 2010  |  1 Comment ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Filing bankrupty means listing all your debts.   Sometimes I hear clients say that they don't want to "file on" a certain debt.   However, you ... Continue Reading »

Bankruptcy Fears: “Nothing to Fear But Fear Itself”

July 10th, 2010  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Bankruptcy and financial problems can be scary.   And you don't realize how terrifying financial problems can be until you've been there yourself. I was chatting with ... Continue Reading »

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