Getting a mortgage modified can be a daunting process–like a root canal, only involving paper, yet almost as painful. You send required documents only to be told by the mortgage servicer that they never got them. The modification request then gets denied. In many cases the mortgage company doesn’t appear to be acting in good…
Your relationship with your bankruptcy lawyer is just that, a relationship. Like any other relationship, there are things you can do to strain it. Lawyers in all areas of law discuss problem clients. It happens at lunch, in bars, and at gatherings of all sorts. The horror stories. The “you can’t believe this” tale of…
Our South Carolina exemptions are adjusted for cost of living every other July 1. Exemptions in property allow the property to be protected from a judgment creditor or bankruptcy trustee up to the amount of the exemption. Think of it as a blanket. The blanket covers so much–the bigger the blanket, the more the coverage.…
It’s always good to have a strategy when facing a problem–particularly a financial problem. Over the last three months, after an odd “Yes Man” moment in March of this year, I began learning Judo and Jiu-Jitsu. Off the couch I came and into the Dojo (the gym) at the behest of my good friend Chris,…
A few years ago, I did a post entitled, “Filing Bankruptcy and My Security Clearance.” Everything I’ve said in that post remains true. The fact of the matter is that the bankruptcy doesn’t disqualify you from obtaining or maintaining a security clearance. As I explain to clients, the federal government doesn’t have a problem with you…
Filing bankruptcy can help you get your driver’s license back if it’s been suspended for failure to pay a judgment. South Carolina law provides that if a judgment is entered against you as a result of an auto accident, your license will be suspended until the judgment is paid. S.C. Code Ann. § 56-9-430. However, if…
IRAs enjoy significant protection from creditors and the bankruptcy trustee. In fact, there are multiple statutory protections. Here in South Carolina–we’re an “opt out” state, so if you file bankruptcy here, you must claim South Carolina exemptions–we have at least three different IRA exemptions, and they all protect IRAs. But that wasn’t always the case. …
“Pro bono” means free. That’s not the literal translation of the Latin words, but it’s the real meaning. Almost any bar association, whether it’s the American Bar Association or various state bar associations like the South Carolina Bar Association, extols the virtues of lawyers doing pro bono legal work. Simply put, one of the core…
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