Tag Archives: bankruptcy code

Bankruptcy Problems You Can Avoid: Undisclosed Assets

The United States Bankruptcy Code obligates you to make a full disclosure of your financial affairs when you file bankruptcy.  You must list all of your debts, reveal detailed information about your income and expenses, and you must reveal information about your assets. In my 24 years of practice I have found that undisclosed asset […]

Chapter 13 Bankruptcy Disposable Income: The U.S. Supreme Court Rules

The Bankruptcy Code requires that, when an individual files for bankruptcy protection under Chapter 13 and proposes a debt repayment plan to which the trustee or an unsecured creditor objects, the individual must either pay his or her unsecured creditors  in full or pay all “projected disposable income” he or she will receive over the […]

Lien Avoidance in Bankruptcy, Part Two

This is the second post in a three-part series by Charleston Bankruptcy Lawyer, Russell A. DeMott.  Russ also practices real estate law, and has shared his knowledge of how the Bankruptcy Code can be used to strip judgment liens from real estate. In “Lien Avoidance (Part One),” I introduced the concept of liens.  In this […]