Charleston Bankruptcy Lawyer

Exemptions in Bankruptcy

June 18th, 2012  |  2 Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott When people starting thinking of bankruptcy, they wonder about whether their property will be taken.  "Will they take my house? Will they take my car?" they ... 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 »

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 »

Will My Bankruptcy be in the Newspaper?

February 25th, 2012  |  No Comments ››

Written Charleston Bankruptcy Lawyer, Russell A. DeMott Your bankruptcy filing will not appear in your local newspaper. About once a month I get asked about this.  Clients believe that the local newspaper reports bankruptcy filings ... 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 »

Life After Bankruptcy: The Mary Norton Story

November 6th, 2011  |  3 Comments ››

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 »

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 »

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 »

Will the Bankruptcy Trustee Take My Jewelry?

August 25th, 2011  |  1 Comment ››

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 »

A Nod to Bankruptcy Lawyer James Moroney

August 1st, 2011  |  No Comments ››

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 »

Chapter 13 Bankruptcy and the “Mulligan Rule”

June 25th, 2011  |  No Comments ››

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 »

Want to File Bankruptcy? Then NO WHINING!

May 23rd, 2011  |  3 Comments ››

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 »

Bankruptcy and Your 401(k) Loan

February 12th, 2011  |  3 Comments ››

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 »

Bankruptcy and Coupons

January 3rd, 2011  |  No Comments ››

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 »

Mortgage Stripping in Bankruptcy

December 18th, 2010  |  7 Comments ››

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 »

Filing Bankruptcy with Your Husband: “Stand by Your Man”

December 10th, 2010  |  No Comments ››

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 »

Bankruptcy Experiences #4

September 27th, 2010  |  2 Comments ››

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 »

Stopping Foreclosure With a Chapter 7 Bankruptcy

September 12th, 2010  |  2 Comments ››

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 »

Filing Bankruptcy: “How Much Debt Do I Need to File?”

August 5th, 2010  |  2 Comments ››

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 »

Chapter 7 Bankruptcy: The Means Test (Part One)

October 2nd, 2009  |  2 Comments ››

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 »

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