Bankruptcy News

Bankruptcy is GOOD for Your Credit Score!

February 20th, 2012  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Bankruptcy is GOOD for your credit score! "Wait a second!" you say, "bankruptcy ruins your credit for 10 years.  Everyone knows that!"  False. People come to me with ... 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 »

Bankruptcy Petition Preparers: Should You Hire One?

June 20th, 2010  |  No Comments ››

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

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 ... Continue Reading »

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: Chapter 13 Bankruptcy: Should You Buy a ... Continue Reading »

New Bankruptcy Median Income Figures Effective November 1, 2009

October 10th, 2009  |  No Comments ››

Photo by Kim Held Written by Summerville Bankruptcy Lawyer, Russell A. DeMott If you need to file bankruptcy, you must first determine whether you are above median income for the ... Continue Reading »

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