Bankruptcy & Life Insurance

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Life insurance is an important topic, especially if you’re filing bankruptcy.   Your life insurance policies are relevant to your assets, your expenses, and the means test. Life insurance is critically important to your financial health I’ll be up front about my bias.   I am a…

angry woman who did not disclose assets in bankruptcy

What’s an Asset in Bankruptcy?

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott When you meet with your bankruptcy lawyer, you’ll have to fill out a fairly lengthy questionnaire about your finances.   Among other things, you’ll need to tell your lawyer about your assets–property you have which must be disclosed, valued, and, if possible, claimed as exempt. Some assets…