Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Bankruptcy is about new beginnings. It's about fixing problems plaguing your financial life. But what happens next? How can you make sure your life improves and stays ... Continue Reading »
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 »
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 »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott "The bankruptcy trustee will sell all your jewelry" isn't an accurate statement about what happens when you file bankruptcy. Over the last few months, I've had a ... Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott James Moroney's bankruptcy site is a "must visit" if you need information about consumer bankruptcy. The site, consumerbankruptcytutor.com, is a sort of video equivalent of ... Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Chapter 13 bankruptcy is a tool of sorts. You can do some things in Chapter 13 you just can't do in Chapter 7--stripping mortgages, for ... Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Filing bankruptcy requires some work. Sure, you expect the bankruptcy lawyer to work, but there's also some work that the client must do. The straight scoop If ... Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott 401(k) loans are treated differently in Chapter 7 bankruptcy than they are in Chapter 13 bankruptcy. And by "401(k) loans" I mean any deferred compensation ... Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Filing bankruptcy--in Charleston or anywhere else--means money is tight. Bankruptcy also gives the "honest but unfortunate debtor" a fresh start. Debts are discharged, and ... Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Mortgage modification in bankruptcy is a confusing topic. Some say you can. Some say you can't. As with most bankruptcy issues, the answer ... Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Filing bankruptcy when you're married usually means both spouses filing together, but not always. The Bankruptcy Code is clear that even when a married couple files together, ... Continue Reading »
Written by Charleston Bankruptcy Attorney, Russell A. DeMott I have a soft spot in my heart for my bankruptcy clients, but this couple really stands out. As described below, they did indeed go ... Continue Reading »
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 kind of consumer bankruptcy. ... Continue Reading »
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 ... Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott If you want to file a Chapter 7 bankruptcy, and your income is over the median income for your state, you must take a "means test" ... Continue Reading »
[caption id="attachment_286" align="aligncenter" width="1024" caption="Photo by Michael Mulligan"][/caption] Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Whether you file Chapter 7 bankruptcy or Chapter 13 bankruptcy, the "automatic stay" goes into effect ... Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott When evaluating your financial situation, don't let your emotions get in the way. Chapter 7 or Chapter 13 bankruptcy may be ... Continue Reading »
