calculator--chapter 13 plan calculation

What If I Forget to List a Debt in My Bankruptcy?

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Information on your bankruptcy schedules must be accurate.   And that includes listing all your debts. In fact, at your bankruptcy hearing you’ll be asked–under oath–if you listed all your creditors.   You can’t decide which debts to “file on.”   You must file on all debts,…

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James Moroney bankruptcy lawyer

A Nod to Bankruptcy Lawyer James Moroney

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott James Moroney’s bankruptcy site is a “must visit” if you need information about consumer bankruptcy.   The site, consumerbankruptcytutor.com, is a sort of video equivalent of the Charleston Bankruptcy Blog. Missouri attorney James Moroney explains bankruptcy basics in a multitude of videos–in fact, over seven hours of…

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wage garnishment in south carolina

Wage Garnishment in South Carolina (or not?)

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Wage garnishment is extremely limited in South Carolina, though debt collectors will attempt to convince you otherwise. Still, there are exceptions you need to understand. While almost all other states have wage garnishment statutes, South Carolina has taken a different path.   In South Carolina private parties…

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bankruptcy and your credit score--confusion

Meeting Your Bankruptcy Lawyer

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott “Meeting Your Bankruptcy Lawyer.”   True, maybe I’ll be your bankruptcy lawyer, but I really don’t like the title of this post.   It could just as well be, “Meeting Your Financial Messes Lawyer,” or something along those lines. Why? Because I may not recommend bankruptcy to…

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bankruptcy and credit score/rating

Bankruptcy and Your Credit Score

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott This isn’t the first time I’ve written on bankruptcy and its effect on your credit score.   In “How Long Will Bankruptcy Screw Up My Credit,” I addressed this topic.   That post stresses that your credit score should not be your primary concern when you file…

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complaining about bankruptcy

Want to File Bankruptcy? Then NO WHINING!

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Filing bankruptcy requires some work.   Sure, you expect the bankruptcy lawyer to work, but there’s also some work that the client must do. The straight scoop If you take time to get to know me, you’ll discover that I’m, well, blunt.   As subtle as a…

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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…

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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…

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