Bankruptcy “Don’ts”

Don’t Shoot the Repo Man!

August 27th, 2011  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Bankruptcy can help you stop repossession and even allow you to get your vehicle back after it's been repossessed.  Shooting the repo man is not only ... Continue Reading »

What If I Forget to List a Debt in My Bankruptcy?

August 6th, 2011  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Information on your bankruptcy schedules must be accurate.   And that includes listing all your debts. In fact, at your bankruptcy hearing you'll be asked--under oath--if you ... Continue Reading »

What’s an Asset in Bankruptcy?

May 1st, 2011  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott When you meet with your bankruptcy lawyer, you'll have to fill out a fairly lengthy questionnaire about your finances.   Among other things, you'll need to ... 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 »

Filing Bankruptcy When You’re Married

June 3rd, 2010  |  No Comments ››

Written by South Carolina Bankruptcy Lawyer, Russell A. DeMott Filing bankruptcy is a family decision.   Even with hectic schedules, it's necessary for both the husband and wife meet with me together to discuss ... Continue Reading »

Frozen Bank Accounts! Watch Out for Wells Fargo and Wachovia!

May 30th, 2010  |  4 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Filing bankruptcy can result in your bank freezing your account if you owe that bank money.   It's called "setoff," and I wrote a post warning ... Continue Reading »

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

March 12th, 2010  |  7 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 ... Continue Reading »

Bankruptcy Don’ts: Defining Stupid

January 29th, 2010  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott It started with a text message from my friend, Frank.   Skeet shooting? 4-wheelers?, it said.   I figured he meant one or the other, ... Continue Reading »

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 ... Continue Reading »

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