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…
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…
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…
I’ve gotten the panicked calls from bankruptcy clients. “They’ve frozen my account!” And the “they” is the bank or the credit union. (I’ll just call them both “the bank” from here on out.) One of the first things I tell bankruptcy clients–and it’s on the initial handout you’ll get from me–is not to…
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…
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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