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…

401(k) bankruptcy charleston mt. pleasant

Bankruptcy and Your 401(k) Loan

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott 401(k) loans are treated differently in Chapter 7 bankruptcy than they are in Chapter 13 bankruptcy.   And by “401(k) loans” I mean any deferred compensation loans–403(b)s, 457s, and other similar qualified plans. In Chapter 7, 401(k) loans are basically ignored.   It’s my practice to show…

coupons and bankruptcy

Bankruptcy and Coupons

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Filing bankruptcy–in Charleston or anywhere else–means money is tight.   Bankruptcy also gives the “honest but unfortunate debtor” a fresh start.   Debts are discharged, and there’s a financial second chance. Part of that second chance for most folks is to come up with a budget.  …