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…
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Mortgage modification is a hot topic lately. And most commentators have rendered a verdict: Mortgage modification programs like HAMP and HAFA (Home Affordable Modification Program and Home Affordable Foreclosure Alternatives) have been a colossal failure. Still, some homeowners have achieved the impossible to obtain modification…
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…
Written by South Carolina Bankruptcy Lawyer, Russell A. DeMott Many of my recent bankruptcy filings are due to what I call “real estate meltdown.” The decline in the real estate market was inconceivable only a few short years ago. Here in the Charleston, South Carolina area, real estate never went down by more…
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