Surrendering Property in a Chapter 13 Bankruptcy Plan
If you have secured debt and you’re filing a Chapter 13 bankruptcy plan, it’s important to understand what it means to “surrender” property.
South Carolina Bankruptcy Laws
Written by South Carolina Bankruptcy Lawyer, Russell A. DeMott What Are South Carolina Bankruptcy Laws? From time to time clients ask me about filing bankruptcy under “South Carolina bankruptcy laws.” It’s logical for them to ask this question because they live in places like Mt. Pleasant, Goose Creek, Summerville, or Charleston, South Carolina. …
What’s a Redemption?
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott There’s a term you hear in the car business all too often: “upside down.” You’re upside down on your car loan when you owe more than the car’s worth. With a procedure available in Chapter 7 bankruptcy called “redemption,” you can use this to your…
Filing Bankruptcy To Surrender Assets (Sometimes It’s Best)
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott When evaluating your financial situation, don’t let your emotions get in the way. Chapter 7 or Chapter 13 bankruptcy may be the right solution, especially if you have assets with no equity. I recently met a very distressed client. He had three…
