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.
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. …
Bankruptcy Experiences #2
Written by Summerville Bankruptcy Lawyer, Russell A. DeMott During a recent bankruptcy hearing, one of our Charleston Chapter 7 trustees said, “I believe in life after bankruptcy.” He said that to a very nervous debtor attempting to calm her nerves. What the bankruptcy trustee said was not only true, but it was an act…
The Bankruptcy Means Test (Part Three)
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott In part one and part two of The Bankruptcy Means Test, I explained the shaky foundation of the means test: Current Monthly Income, or CMI for short. This post will address the issue of what happens when you pass the means test if you have above-median…
Where is the Bankruptcy Court in Charleston?
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Whether you file a Chapter 7 or a Chapter 13 bankruptcy, you’ll have your bankruptcy hearing (also called a First Meeting of Creditors or 341 Hearing) in this building. It’s the Sun Trust building on the corner of King and Queen Streets in Charleston. South Carolina…
