How Much Will My Chapter 13 Payments Be?
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Once we decide a Chapter 13 bankruptcy is in your best interest, the next question you’ll probably ask is, “how much will my Chapter 13 payment be?”
Homeowners’ Association Dues and Bankruptcy
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Homeowners’ dues can be an important consideration in your bankruptcy. And by “homeowners’ association dues,” I’m including condo dues and other dues–by any name–which must be paid as part of your regime. Unpaid dues are a lien on your property Whether you’ve filed bankruptcy or not, unpaid…
Suze Orman’s Horrible Advice: Hey, Girlfriend!
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Senior citizens have problems with debt just like everyone else. Over the last couple of weeks, I’ve met with two sweet older ladies to discuss their financial problems. First things first The first thing I do when dealing with an older client is to determine what assets…
7 Deadly Bankruptcy Sins
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott You may think the bankruptcy process consists of dumping information into your bankruptcy lawyer’s lap and having all your problems quickly solved. Not so. A successful bankruptcy is a team effort between you, your bankruptcy lawyer, and the lawyer’s staff I tell clients they should expect to…
My Bankruptcy Friends (and Acquaintances)
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott As a bankruptcy lawyer, I–surprise, surprise–meet other bankruptcy lawyers. In fact, I meet other lawyers from all over the country. I’ve also come across other lawyer’s websites and blogs, and thought it might be helpful to my readers to pass along these resources. Lex Rogerson is a…
Bankruptcy is GOOD for Your Credit Score!
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Bankruptcy is GOOD for your credit score! “Wait a second!” you say, “bankruptcy ruins your credit for 10 years. Everyone knows that!” False. People come to me with preconceived ideas about bankruptcy. Some even show up and proclaim, “I’m not here to discuss bankruptcy.” If you ask…
The Craziness of Student Loan (Non) Dischargeability
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Student loans are, practically speaking, almost non-dischargeable in bankruptcy. The Bankruptcy Code and the law interpreting it says, in essence, that the debtor must be disabled and that he must prove he is–and will be–unable to repay the student loans. The fact that you paid a fortune…
South Carolina Median Income Figures for Cases Filed After November 1st
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott South Carolina median income numbers effective November 1, 2011 are now out. They are as follows: Household of 1: $37,660 Household of 2: $47,853 Household of 3: $50,824 Household of 4: $62,912 For each household member over four, add $7,500. What’s this mean? You had to ask.…
Should You Reaffirm Your Mortgage?
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Reaffirmation agreements and the law surrounding can be downright confusing. In fact, the law on this topic is so bizarre that it reminds me of the saying, “truth is stranger than fiction.” Some background Prior to continuing to read this post, you need to do a bit…
