Bankruptcy Myths

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

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

August 10th, 2010  |  No 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?”

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 set ... Continue Reading »

Filing Bankruptcy and Keeping “Just One” Credit Card

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 must list ... Continue Reading »

Bankruptcy Fears: “Nothing to Fear But Fear Itself”

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 my ... Continue Reading »

Bankruptcy Petition Preparers: Lie, Lie, Lie!

Bankruptcy Petition Preparers: Lie, Lie, Lie!

June 20th, 2010  |  2 Comments ››

Guest Post by Northern Michigan Bankruptcy Lawyer, Paul Slough There's no shortage of exploitive "get out of debt" offers.  One area ripe with abuse is the arena of non-attorneys who prepare ... Continue Reading »

Scarlet Letter of Bankruptcy–A Thing of the Past?

Scarlet Letter of Bankruptcy–A Thing of the Past?

May 16th, 2010  |  No Comments ››

Written by New York Bankruptcy Lawyer Jay S. Fleischman. Remember the book, The Scarlet Letter?  You know, the one where the woman does something and is marked for the rest of her life with ... Continue Reading »

Fired for Filing Bankruptcy? No Way!

Fired for Filing Bankruptcy? No Way!

April 20th, 2010  |  5 Comments ››

Guest Post Written by Elyria, Ohio Bankruptcy Lawyer, Bill Balena Keeping your bankruptcy filing from your boss is one of the most common concerns of many new bankruptcy clients.  Let’s get one thing straight ... Continue Reading »

“The Bank Just Froze My Account!” (Setoffs and Bankruptcy)

“The Bank Just Froze My Account!” (Setoffs and Bankruptcy)

March 12th, 2010  |  4 Comments ››

I've gotten the panicked calls from bankruptcy clients.  "They've frozen my account!"  And the "they" is the bank or the credit union. (I'll just call them both "the bank" from here on out.) One ... Continue Reading »

Obtaining Credit After You’ve Filed Bankruptcy

Obtaining Credit After You’ve Filed Bankruptcy

February 18th, 2010  |  No Comments ››

Guest Post Written by Mesa, Arizona Bankruptcy Lawyer, Samuel Woodruff While there is no quick solution to getting your credit back on track after filing bankruptcy, there are a few things that you should ... Continue Reading »

Bankruptcy Filings are Caused by Financial Deregulation

Bankruptcy Filings are Caused by Financial Deregulation

February 15th, 2010  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott The need to file bankruptcy is, of course, connected with the economy.  In turn, the economy is affected by regulation--or lack of regulation.  Elizabeth Warren is ... Continue Reading »

Filing Bankruptcy and My Security Clearance

Filing Bankruptcy and My Security Clearance

February 8th, 2010  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Let’s face it. Military families are not immune to financial problems. Here in the Charleston, South Carolina area, there’s a strong military presence with the ... Continue Reading »

Bankruptcy for Senior Citizens: Older Clients Have Unique Needs

Bankruptcy for Senior Citizens: Older Clients Have Unique Needs

January 31st, 2010  |  No Comments ››

Guest Post Written by Atlanta Bankruptcy Lawyer, Jonathan Ginsberg Bankruptcy lawyers throughout the country report a significant increase in the number of seniors seeking federal bankruptcy protection. In my Atlanta area bankruptcy practice, ... Continue Reading »

Bankruptcy Lawyer’s Fees: “How Much is It?”

Bankruptcy Lawyer’s Fees: “How Much is It?”

January 15th, 2010  |  4 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott It happened again today.  I got a call about "it."  Specifically, the lady wanted to know how much "it" was.  What was the "it" she called ... Continue Reading »

How Long Will Bankruptcy Screw Up My Credit?

How Long Will Bankruptcy Screw Up My Credit?

January 13th, 2010  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Okay. I admit it.  The title's a bit blunt even for me.  But this was one of the Google searches that brought a potential client to ... Continue Reading »

South Carolina Bankruptcy Laws

South Carolina Bankruptcy Laws

December 22nd, 2009  |  2 Comments ››

Written by South Carolina Bankruptcy Lawyer, Russell A. DeMott What Are South Carolina Bankruptcy Laws? From time to time clients ask me about filing bankruptcy under "South Carolina bankruptcy laws."  It's logical for them to ... Continue Reading »

What’s a Redemption?

What’s a Redemption?

December 16th, 2009  |  3 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott There's a term you hear in the car business all too often: "upside down."  You're upside down on your car loan when you owe more than ... Continue Reading »

Who is Filing Bankruptcy?

Who is Filing Bankruptcy?

November 30th, 2009  |  No Comments ››

Written by Summerville Bankruptcy Lawyer, Russell A. DeMott Last  year over a million people filed bankruptcy.  Here's a breakdown of the demographics of those filers. Related posts:Filing Bankruptcy to Discharge Income Tax Debt Filing Bankruptcy When ... Continue Reading »

Limits of Bankruptcy (What Bankruptcy Can’t Do)

Limits of Bankruptcy (What Bankruptcy Can’t Do)

November 18th, 2009  |  No Comments ››

Written by Summerville Bankruptcy Attorney, Russell A. DeMott If you're considering filing bankruptcy, you need to know what bankruptcy can do for you.  You also need to have a clear understanding of what bankruptcy ... Continue Reading »

Filing Bankruptcy on “It”

Filing Bankruptcy on “It”

September 5th, 2009  |  1 Comment ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott The Bankruptcy Code requires debtors to list all debts in their bankruptcy paperwork (called "schedules").  You cannot pick what debts to include in your bankruptcy and ... Continue Reading »

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