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 ask. That’s where exemptions come in. What are exemptions? Exemptions are laws which allow a debtor to protect a certain amount…
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 paid as part of your regime. Unpaid dues are a lien on your property Whether you’ve filed bankruptcy or not, unpaid…
South Carolina median income numbers effective May 1, 2012 are now out. They are as follows: Household of 1: $38,849 Household of 2: $49,363 Household of 3: $52,428 Household of 4: $64,898 For each household member over four, add $7,500. What’s this mean? Income figures are up for all household sizes. This means it’s now…
Guest Post Written by Sergei Lemberg, Fair Debt Collection Practices Act Lawyer Debt Collector Calling? Know Your Rights! Since the Great Recession began in 2008, debt collectors have been working overtime. Between falling real estate values and rising unemployment, consumers have had less money to pay their bills. From the debt collector’s perspective, it’s no…
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 financial problems. First things first The first thing I do when dealing with an older client is to determine what assets…
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 a team effort between you, your bankruptcy lawyer, and the lawyer’s staff I tell clients they should expect to…
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 websites and blogs, and thought it might be helpful to my readers to pass along these resources. Lex Rogerson is a…
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 for individuals. It doesn’t. It’s understandable that clients are worried about this bankruptcy myth. Bankruptcy is viewed as financial failure…
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 preconceived ideas about bankruptcy. Some even show up and proclaim, “I’m not here to discuss bankruptcy.” If you ask…
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