South Carolina Bankruptcy Median Income Figures Change March 15

Bankruptcy Median income figures change again on March 15.   Unless your debts are primarily business debts, these figures help the court determine whether or not you must complete the means test portion of the bankruptcy schedules and whether you may qualify for a Chapter 7 bankruptcy, or instead may have to file a Chapter…

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Credit Card Reform is No Joking Matter! (Or is It?)

I don’t like credit card issuers.  They are the financial equivalent of drug pushers.  They get you hooked, and as long as you don’t overdose, they make huge sums of money from interest, merchant fees, processing fees, over-the-limit fees, and late fees.   Fees, fees, fees. In the year before they bought our current bankruptcy…

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Bankruptcy Experiences #1

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott I have a confession to make.   I feel sorry for creditors’ attorneys.   Most of the time they represent institutions–faceless corporations. They deal with someone in the bankruptcy or loss mitigation department.   They don’t have a human being for a client. Someone once said the…

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mortgage modification pitfalls and issues

Mortgage Modification: You Need Help, But Is It A Scam?

Written by Charleston Bankruptcy Attorney, Russell A. DeMott With so many layoffs and the real estate market meltdown, you may be struggling financially.   Mortgage modification may seem like just what you need. Unfortunately, many homeowners are unsure even how to begin to get a mortgage modification or which companies help with them. Crooks count…

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re-establishing credit after bankruptcy

Obtaining Credit After You’ve Filed Bankruptcy

Guest Post Written by Mesa, Arizona Bankruptcy Lawyer, Samuel Woodruff While there is no quick solution to getting your credit back on track after filing bankruptcy, there are a few things that you should do. The first year after filing bankruptcy will be the most difficult, and you will most likely not be able to…

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bankruptcy professor Elizabeth Warren

Bankruptcy Filings are Caused by Financial Deregulation

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott The need to file bankruptcy is, of course, connected with the economy.   In turn, the economy is affected by regulation–or lack of regulation.   Elizabeth Warren is a Harvard Law School professor, well-respected consumer advocate, and bankruptcy expert.   She’s also Chair of the Congressional Oversight…

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bankruptcy and security clearance

Filing Bankruptcy and My Security Clearance

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Let’s face it. Military families are not immune to financial problems. Here in the Charleston, South Carolina area, there’s a strong military presence with the Charleston Air Force Base and the Naval Weapons Station. And let’s not forget that Charleston is a Coast Guard Sector as well.…

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bankruptcy issues for senior citizens

Bankruptcy for Senior Citizens: Older Clients Have Unique Needs

Guest Post Written by Atlanta Bankruptcy Lawyer, Jonathan Ginsberg Bankruptcy lawyers throughout the country report a significant increase in the number of seniors seeking federal bankruptcy protection. In my Atlanta area bankruptcy practice, I speak to retirees frequently about debt issues and I have filed cases–usually under Chapter 7–for many of these folks. Not surprisingly,…

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Bankruptcy Don’ts: Defining Stupid

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott It started with a text message from my friend, Frank. “Skeet shooting? 4-wheelers?,” it said.   I figured he meant one or the other, both of which I enjoy.   So I called Frank and he gave me directions to a local sportsman’s club.   Both skeet…

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Tim Clue: Face Your Debts Head On! (Sort of)

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott

Let’s face it.   Debt isn’t funny, nor is bankruptcy.   But sometimes you need a break from the stress and worry.   Check out comedian Tim Clue as he talks about how he faced debt head on.   Maybe debt can be funny after all?