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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
