What is Chapter 13 Bankruptcy? (Part Two)

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.”   That’s true here in Charleston, and it’s the same in all other bankruptcy districts. But how much do you pay?…

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Fired for Filing Bankruptcy? No Way!

Guest Post Written by Elyria, Ohio Bankruptcy Lawyer, Bill Balena Keeping your bankruptcy filing from your boss is one of the most common concerns of many new bankruptcy clients.   Let’s get one thing straight immediately.   In a chapter 13 bankruptcy the preferred method for funding the plan is by a pay order.  …

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What is Chapter 13 Bankruptcy? (Part One)

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Chapter 13 bankruptcy is more involved that Chapter 7 bankruptcy.   There are things you can do in Chapter 13 that can’t be done in a Chapter 7.   This video post gives a good overview of Chapter 13–what you can do and what you can’t do.…

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Bankruptcy Reaffirmation Agreements (Part Four)

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 you should sign a reaffirmation agreement.   I left off with dealing with a situation in which you have equity in…

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ball and chain depicted--free from financial bondage

Bankruptcy Reaffirmation Agreements (Part Three)

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott In parts one and two, I explained secured debts, liability, and some history behind the law of reaffirmation agreements.   I left off by pointing out that if a debtor fails to sign a reaffirmation agreement, the automatic stay is lifted earlier than normal. What the secured…

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ball and chain depicted--free from financial bondage

Bankruptcy Reaffirmation Agreements (Part Two)

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 to Chapter 7 cases, not Chapter 13 cases.   In this post, I’ll explain what reaffirmation agreements do and whether you…

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Bankruptcy Experiences #2

Written by Summerville Bankruptcy Lawyer, Russell A. DeMott During a recent bankruptcy hearing, one of our Charleston Chapter 7 trustees said, “I believe in life after bankruptcy.”   He said that to a very nervous debtor attempting to calm her nerves. What the bankruptcy trustee said was not only true, but it was an act…

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ball and chain depicted--free from financial bondage

Bankruptcy Reaffirmation Agreements (Part One)

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott If you file a Chapter 7 bankruptcy, you may be faced with having to decide whether to sign a “reaffirmation agreement.”   This is the first of a series of posts I’ll do explaining what reaffirmation agreements are, what they do, how they work, along with South…

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