bankruptcy and judgments charleston south carolina

Judgments and Bankruptcy

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott I frequently get questions about judgments.   Some of the questions I’m asked are: Must I file bankruptcy prior to being sued? Must I file bankruptcy prior to the judgment being filed? Is it true that I can’t discharge the debt once there’s a judgment entered? Once…

bankruptcy median income November 1, 2011--South Carolina

South Carolina Bankruptcy Median Income Figures DOWN!

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott South Carolina bankruptcy filers will now have to face the reality of lower median income figures starting November 1.   “Median” means the 50th percentile–that is, half people in that group are above that point and half below. The Bankruptcy Code’s means test is a key component…

South Carolina Mortgage Help

Avoiding Bankruptcy: When Do You Borrow from Relatives?

Written by Summerville Bankruptcy Lawyer, Russell A. DeMott Avoiding bankruptcy is a topic I regularly visit with clients.   None of my clients want to file bankruptcy if there’s some other viable alternative.   And I agree with that approach: explore non-bankruptcy alternatives first, then explore bankruptcy options. One way to avoid bankruptcy is to…


Bankruptcy Experiences #4

Written by Charleston Bankruptcy Attorney, Russell A. DeMott I have a soft spot in my heart for my bankruptcy clients, but this couple really stands out.   As described below, they did indeed go “kicking and screaming” into bankruptcy. They were fighting back against an economic tide that no one could fight brought on by…

bankruptcy documents charleston bankruptcy

Bankruptcy Documents: It’s a Moving Target!

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Filing bankruptcy involves assembling documents for your lawyer–lots of documents.   If you don’t know this yet, well, Grasshopper, you have just begun your quest to learn about bankruptcy law. And here’s one key thing to remember: It’s a moving target.   (Hence picture of the guy…

student loans discharge in bankruptcy

South Carolina Bankruptcy Court Rules on Student Loan Discharge

Guest Post Written by Brandon Moreno of the Utah Bankruptcy Hotline The South Carolina Bankruptcy Court recently issued an opinion clarifying the circumstances in which it is possible to obtain a discharge of student loans.   Many consumers contemplate bankruptcy, at least in part due to significant student loan debt, so understanding the law in…


Filing Bankruptcy: “How Much Debt Do I Need to File?”

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott One of my readers recently asked about how much debt he needed to file bankruptcy.   That’s a good question, and I’m asked that frequently. There’s no set amount of debt you must have to file bankruptcy.   As I’ve said before, each case is unique.  …