bankruptcy

Filing Bankruptcy to Get Your South Carolina Driver’s License Back

February 16th, 2014  |  No Comments ››

Filing bankruptcy can help you get your driver's license back if it's been suspended for failure to pay a judgment. South Carolina law provides that if a judgment is entered against you as a ... Continue Reading »

Filing Bankruptcy in South Carolina and the Government Shutdown

September 29th, 2013  |  2 Comments ››

Once again, we're facing a possible federal government shutdown. (See Shutdown Nears as House Votes to Delay Healthcare Law and, for comic relief, Boehner Advises Americans to Delay Getting Cancer for a Year). How will ... Continue Reading »

The MOST IMPORTANT Thing You Need to Know About Bankruptcy and Taxes

June 9th, 2013  |  1 Comment ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott File your taxes! That's right. Filing your income taxes is the key to discharging tax debt in bankruptcy.  The 3/2/240 rule There are numerous bankruptcy blog posts out there ... Continue Reading »

U.S. Trustee Suspends Debtor Audits

May 13th, 2013  |  No Comments ››

The United States Trustee's Office announced that it has suspended debtor audits. The 2005 Bankruptcy Code (BAPCPA-- "Bankruptcy  Abuse Prevention and Consumer Protection Act") required the audits, which are performed by accounting firms ... Continue Reading »

Should You Use a Credit Card to Pay Your Taxes?

March 3rd, 2013  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Using your credit card to pay taxes may make sense--sometimes. However, there are important considerations to using credit cards for this purpose. Kelly Phillips Erb, a Philadelphia ... Continue Reading »

Bankruptcy and Family Law: An Overview

January 21st, 2013  |  2 Comments ››

By Greenville Family Law Attorney Rustin Duncan, Associate at King Law Offices, Greenville, South Carolina The current financial downturn has led to financial stress for millions of married couples in our country. Many have ... Continue Reading »

Student Loan Discharge Due to Disability

November 28th, 2012  |  2 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell DeMott There's some good news for disabled student loan borrowers. Student loans are a huge problem. Absent "undue hardship," which is nearly impossible to prove in most instances, student ... Continue Reading »

South Carolina Median Income Figures for Cases Filed After November 1, 2012

November 18th, 2012  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott South Carolina median income numbers for cases filed on or after November 1, 2012 are now in effect. They are as follows: Household of 1: $38,442 (down ... Continue Reading »

Tax Withholding and Your Bankruptcy

August 6th, 2012  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Having enough tax withheld is critical for your financial success. In my Charleston bankruptcy practice, I see lots of tax problems. Clients usually owe the IRS or ... Continue Reading »

How Much Will My Chapter 13 Payments Be?

July 29th, 2012  |  2 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Once we decide a Chapter 13 bankruptcy is in your best interest, the next question you'll probably ask is, "how much will my Chapter 13 payment ... Continue Reading »

Homeowners’ Association Dues and Bankruptcy

June 4th, 2012  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Homeowners' dues can be an important consideration in your bankruptcy.  And by "homeowners' association dues," I'm including condo dues and other dues--by any name--which must be ... Continue Reading »

Suze Orman’s Horrible Advice: Hey, Girlfriend!

March 25th, 2012  |  4 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Senior citizens have problems with debt just like everyone else.  Over the last couple of weeks, I've met with two sweet older ladies to discuss their ... Continue Reading »

7 Deadly Bankruptcy Sins

March 19th, 2012  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott You may think the bankruptcy process consists of dumping information into your bankruptcy lawyer's lap and having all your problems quickly solved. Not so. A successful bankruptcy is ... Continue Reading »

My Bankruptcy Friends (and Acquaintances)

March 5th, 2012  |  1 Comment ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott As a bankruptcy lawyer, I--surprise, surprise--meet other bankruptcy lawyers.  In fact, I meet other lawyers from all over the country.  I've also come across other lawyer's ... Continue Reading »

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 »

The Craziness of Student Loan (Non) Dischargeability

December 4th, 2011  |  3 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Student loans are, practically speaking, almost non-dischargeable in bankruptcy.  The Bankruptcy Code and the law interpreting it says, in essence, that the debtor must be disabled ... Continue Reading »

South Carolina Median Income Figures for Cases Filed After November 1st

October 16th, 2011  |  2 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott South Carolina median income numbers effective November 1, 2011 are now out. They are as follows: Household of 1: $37,660 Household of 2: $47,853 Household of 3: $50,824 Household of ... Continue Reading »

Should You Reaffirm Your Mortgage?

October 15th, 2011  |  2 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Reaffirmation agreements and the law surrounding can be downright confusing.  In fact, the law on this topic is so bizarre that it reminds me of the ... Continue Reading »

The Genius of the Canadian Bankruptcy System

September 23rd, 2011  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Bankruptcy lawyers spend almost all their time dealing with the law as it is.  After all, we're not members of Congress. But as I deal with our ... Continue Reading »

Don’t Shoot the Repo Man!

August 27th, 2011  |  11 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 »

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