Written by Columbia Bankruptcy Lawyer, Lex A. Rogerson, Jr.
Several years ago a then U.S. Secretary of Defense opined publicly, if confusingly, about foreign affairs, saying there are known unknowns and unknown unknowns. The list of questions involved in the everyday application of the bankruptcy means test – some now resolved and some still waiting for answers – reminds us of that somewhat tortured speech.
To put these issues in context, remember that the means test is intended to calculate a debtor’s disposable income. It begins by calculating gross monthly income based on the last 6 months. Then it subtracts the debtor’s expenses: fixed allowances in some categories and actual expenditures in other categories. The difference – the debtor’s disposable income – helps determine whether the ...
Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott
When you file bankruptcy--in South Carolina or anywhere else--lenders usually stop accepting electronic payments. In my Charleston area bankruptcy firm, I get calls and emails about ...
Continue Reading »
The US Attorney in Columbia announced Friday that former Gamecock and New England Patriot Rick Sanford has pled guilty to bankruptcy fraud, and been sentenced to two years probation, thirty days home detention, ...
Continue Reading »
Written by Spartanburg Bankruptcy Lawyer, Däna Wilkinson
The South Carolina Supreme Court has ordered new mortgage modification procedures to be followed in foreclosure cases in South Carolina. The intent of the new rules (the ...
Continue Reading »
Written by Charleston Bankruptcy Lawyer, Russell A. DeMott
You need to file bankruptcy, but you have a corporation or limited liability company--maybe even more than one. What happens to your company when you file? ...
Continue Reading »
Written by Upstate bankruptcy lawyer Däna Wilkinson: I recently met with a client from Greenville to prepare for the first hearing in her bankruptcy case. She was nervous and anxious, and I'm sure ...
Continue Reading »
Written by Greenwood Bankruptcy Lawyer, Dee Compton
(Pardon the title's mixed reference, but it ties together, even if it does seem a little DiNozzo-esque.)
Across the country homes are being taken through foreclosure with fake ...
Continue Reading »
According to those folks that track foreclosures, Spartanburg currently has the fastest growing foreclosure rate in the country. Wouldn't you know, we finally get to the top, and it's a list we'd rather ...
Continue Reading »
Written by Däna Wilkinson, Greenville/Spartanburg Bankruptcy Lawyer
The state of Arizona has sued Bank of America, alleging fraud in its mortgage modification program. Apparently I'm not the only one that sees a problem with ...
Continue Reading »
By Greenville-Spartanburg bankruptcy lawyer Däna Wilkinson: I hear it from all sides of the foreclosure crisis--from lenders, lawyers, people on the street, and sometimes even my clients. Even if the banks that are ...
Continue Reading »
Written by Greenwood Bankruptcy Lawyer, Dee Compton
In the Sci-Fi classic The Matrix, Man is enslaved by a vast machine, which uses human beings as the energy source supporting its survival. Before Man could ...
Continue Reading »