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 »
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 »
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 Wage garnishment is extremely limited in South Carolina, though debt collectors will attempt to convince you otherwise. Still, there are exceptions you need to understand. While almost ... 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 Lawyer, Russell A. DeMott I frequently get questions about judgments. Some of the questions I'm asked are: Must I file bankruptcy prior to being sued? Must I file bankruptcy prior to ... Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott South Carolina bankruptcy filers will now have to face the reality of lower median income figures starting November 1. "Median" means the 50th percentile--that is, ... Continue Reading »
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 »
Written by South Carolina Bankruptcy Lawyer, Russell A. DeMott Many of my recent bankruptcy filings are due to what I call "real estate meltdown." The decline in the real estate market was inconceivable ... Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Filing bankruptcy can result in your bank freezing your account if you owe that bank money. It's called "setoff," and I wrote a post warning ... Continue Reading »
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." ... Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott In parts one, two, and three, I explained secured debt, liability, how the automatic stay comes into play with reaffirmation agreements, and my opinion about whether ... Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott In "Bankruptcy Reaffirmation Agreements (Part One)" I explained that reaffirmation only applies to secured debt on personal property. I also explained that it only applies ... Continue Reading »
[caption id="attachment_652" align="alignleft" width="300" caption="Photo by Kim Held"][/caption] Written by Charleston Bankruptcy Lawyer, Russell A. DeMott In part one and part two of The Bankruptcy Means Test, I explained the shaky foundation of the means ... Continue Reading »
[caption id="attachment_616" align="alignleft" width="260" caption="Charleston Bankruptcy Court (King Street)"][/caption] Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Whether you file a Chapter 7 or a Chapter 13 bankruptcy, you'll have your bankruptcy hearing (also called ... Continue Reading »