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?”
Exemptions in Bankruptcy
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott When people starting thinking of bankruptcy, they wonder about whether their property will be taken. “Will they take my house? Will they take my car?” they ask. That’s where exemptions come in. What are exemptions? Exemptions are laws which allow a debtor to protect a certain amount…
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…
Will My Bankruptcy be in the Newspaper?
Written Charleston Bankruptcy Lawyer, Russell A. DeMott Your bankruptcy filing will not appear in your local newspaper. About once a month I get asked about this. Clients believe that the local newspaper reports bankruptcy filings for individuals. It doesn’t. It’s understandable that clients are worried about this bankruptcy myth. Bankruptcy is viewed as financial failure…
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.…
The Genius of the Canadian Bankruptcy System
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Bankruptcy lawyers spend almost all their time dealing with the law as it is. After all, we’re not members of Congress. But as I deal with our bankruptcy law here in the U.S., I can’t help but wish it were different. Our bankruptcy law changed in 2005…
Will the Bankruptcy Trustee Take My Jewelry?
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott “The bankruptcy trustee will sell all your jewelry” isn’t an accurate statement about what happens when you file bankruptcy. Over the last few months, I’ve had a couple of clients with jewelry they valued at fairly high amounts or were uncertain about. Because of this, I referred…
Chapter 13 Bankruptcy and the “Mulligan Rule”
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Chapter 13 bankruptcy is a tool of sorts. You can do some things in Chapter 13 you just can’t do in Chapter 7–stripping mortgages, for example.
Chapter 13 Bankruptcy: Should You Buy a Car Prior to Filing?
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Chapter 13 bankruptcy changed significantly in 2005 with the advent of our new Bankruptcy Code. As I tell my clients, “Chapter 13 used to be a marathon; now, it’s an iron man contest.” Prior to the change in the law, Chapter 13 filers had to pay…
