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.
Pro Bono Representation in South Carolina
“Pro bono” means free. That’s not the literal translation of the Latin words, but it’s the real meaning. Almost any bar association, whether it’s the American Bar Association or various state bar associations like the South Carolina Bar Association, extols the virtues of lawyers doing pro bono legal work. Simply put, one of the core…
South Carolina Median Income Figures for Cases Filed After November 1, 2012
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott South Carolina median income numbers for cases filed on or after November 1, 2012 are now in effect. They are as follows: Household of 1: $38,442 (down from $38,849) Household of 2: $49,523 (up from $49,363) Household of 3: $52,447 (up slightly from $52,428) Household of 4:…
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…
Life After Bankruptcy: The Mary Norton Story
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Bankruptcy is about new beginnings. It’s about fixing problems plaguing your financial life. But what happens next? How can you make sure your life improves and stays that way? Reinvent yourself Success depends largely on attitude. The attitude needed really depends on what caused your bankruptcy. Sometimes…
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.…
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…
Filing Bankruptcy with Your Husband: “Stand by Your Man”
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Filing bankruptcy when you’re married usually means both spouses filing together, but not always. The Bankruptcy Code is clear that even when a married couple files together, there are–almost always–two, separate bankruptcy “estates.” That means the husband’s estate is one estate, and the wife’s is another.…
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…
