Charleston Bankruptcy Lawyer. Google+

home values in bankruptcy

Determining the Value of Your Home for Bankruptcy

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Determining what the value of your home is when you file your bankruptcy is a difficult, but important, task. Years ago… Years ago, tax assessment values (called various things in various states–here in South Carolina called the “tax appraisal”) tended to be low. Taxing authorities generally could…

U.S. Trustee Suspends Debtor Audits

The United States Trustee’s Office announced that it has suspended debtor audits. The 2005 Bankruptcy Code (BAPCPA– “Bankruptcy  Abuse Prevention and Consumer Protection Act”) required the audits, which are performed by accounting firms under contract with the U.S. government. The suspension is solely due to budgetary constraints–the government is up to its eyeballs in debt…

South Carolina Median Income Update: April, 2013

  Twice a year median income figures are updated. These figures drive the consumer bankruptcy process. If you’re the  below median income for your household size, you usually (but not always) qualify for a Chapter 7 bankruptcy.  If you’re above median income, your chances of qualifying for a Chapter 7 are less likely.  The “means test”…

confused man

Student Loan Discharge Due to Disability

Written by Charleston Bankruptcy Lawyer, Russell DeMott There’s some good news for disabled student loan borrowers. Student loans are a huge problem. Absent “undue hardship,” which is nearly impossible to prove in most instances, student loans are non-dischargeable in bankruptcy. However, bankruptcy isn’t your only option. Anyone with student loan problems should first try every…