personal finance

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 »

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 »

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 »

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 »

Don’t Shoot the Repo Man!

August 27th, 2011  |  15 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 »

Bankruptcy and Your Credit Score

May 30th, 2011  |  1 Comment ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott This isn't the first time I've written on bankruptcy and its effect on your credit score.   In "How Long Will Bankruptcy Screw Up My Credit," ... 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 »

Mortgage Modification Checklist

November 26th, 2010  |  No Comments ››

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Mortgage modification is a hot topic lately.   And most commentators have rendered a verdict: Mortgage modification programs like HAMP and HAFA (Home Affordable Modification Program ... Continue Reading »

Senior Citizens and Bankruptcy: When the Wolf is at Grandma’s Door

October 26th, 2010  |  2 Comments ››

Guest post written by Philadelphia Bankruptcy Lawyer, Dan Mueller When I first started taking bankruptcy cases in the 1990s, I rarely had a senior citizen as a client.   Today, it is not unusual ... Continue Reading »

Filing Bankruptcy: “Will I Hurt My Wife’s Credit When I File?”

August 10th, 2010  |  2 Comments ››

Guest Post Written by Rome, Georgia Bankruptcy Lawyer, Jeff Kelly When filing bankruptcy, if your spouse has not signed any contracts with you, your spouse's credit score will not be affected by your filing. Before ... 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 »

The Bankruptcy Means Test (Part Five)

June 16th, 2010  |  No Comments ››

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 ... Continue Reading »

Scarlet Letter of Bankruptcy–A Thing of the Past?

May 16th, 2010  |  No Comments ››

Written by New York Bankruptcy Lawyer Jay S. Fleischman. Remember the book, The Scarlet Letter?   You know, the one where the woman does something and is marked for the rest of her life ... Continue Reading »

RSS