Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Information on your bankruptcy schedules must be accurate. And that includes listing all your debts. In fact, at your bankruptcy hearing you’ll be asked–under oath–if you listed all your creditors. You can’t decide which debts to “file on.” You must file on all debts,…
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…
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott What are “South Carolina bankruptcy laws?” Technically speaking, there really is no such thing as South Carolina bankruptcy law. But this doesn’t mean South Carolina law won’t affect your case. Our bankruptcy law is found in Title 11 of the United States Code and is…
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott In a recent decision South Carolina Bankruptcy Judge John E. Waites upheld a debtor’s claim of exemption in his cash value life insurance under South Carolina Code § 38-63-40(A), which was enacted in 1993. Judge Waites ruled that the statute protects a policy owner’s cash surrender value…
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