Stopping Foreclosure With a Chapter 7 Bankruptcy
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
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
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 of student loans. Many consumers contemplate bankruptcy, at least in part due to significant student loan debt, so understanding the law in…
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 amount of debt you must have to file bankruptcy. As I’ve said before, each case is unique. …
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. These “bankruptcy petition preparers” are defined in the bankruptcy code as “a person, other than an attorney for the debtor or…
Written by Summerville Bankruptcy Lawyer, Russell A. DeMott In prior post about the bankruptcy means test, I focused on the means test as being a tool to sort out Chapter 7 bankruptcy cases from Chapter 13 cases. However, it’s important to understand that for some cases, the means test doesn’t even apply. The Two…
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 bankruptcy options. But Our Schedules are Hectic! This is the main reason I get for one spouse wanting to come in…
Written by Summerville Bankruptcy Lawyer, Russell A. DeMott Passing the bankruptcy means test doesn’t mean you’re cleared for takeoff for a Chapter 7 bankruptcy. I pointed this out in my last post on the bankruptcy means test. There are two tests that control your eligibility for Chapter 7 bankruptcy: (1) the means test, and…
Written by Summerville Bankruptcy Lawyer, Russell A. DeMott Chapter 13 bankruptcy is all about payments. As I’ve said before, the Chapter 13 bankruptcy trustee is happy if you “pay early and pay often.” That’s true here in Charleston, and it’s the same in all other bankruptcy districts. But how much do you pay?…
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 immediately. In a chapter 13 bankruptcy the preferred method for funding the plan is by a pay order. …