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Archive for the ‘Bankruptcy Blog’ Category

Bankruptcy Class 101-4

December 19th, 2011    •  by Showell Blades    •   Bankruptcy Blog   •   Comments Off on Bankruptcy Class 101-4

Bankruptcy Class 101 is a series of short videos dealing with filing bankruptcy, protecting your assets in bankruptcy, how bankruptcy affects your credit and understanding where the resources are to help you learn more. The second video in this series will be released in October. See the third video 101-3, part three in the six-part […]...

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Bankruptcy Class 101-3 – Rock Hill, SC

September 6th, 2011    •  by Showell Blades    •   Bankruptcy Blog   •   Comments Off on Bankruptcy Class 101-3 – Rock Hill, SC

Bankruptcy Class 101 is a series of short videos dealing with filing bankruptcy, protecting your assets in bankruptcy, how bankruptcy affects your credit and understanding where the resources are to help you learn more. The second video in this series will be released in October. See the 101-2, the second part in the six-part video […]...

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Bankruptcy Class 101-2 Rock Hill, SC

August 22nd, 2011    •  by Showell Blades    •   Bankruptcy Blog   •   Comments Off on Bankruptcy Class 101-2 Rock Hill, SC

Bankruptcy Class 101-2 is a series of short videos dealing with filing bankruptcy, protecting your assets in bankruptcy, how bankruptcy affects your credit and understanding where the resources are to help you learn more. The third Video will be released in September. See the first video 101, the first part in the six-part video series […]...

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Bankruptcy Class 101 – Rock Hill, SC

May 24th, 2011    •  by Showell Blades    •   Bankruptcy Blog, Feature   •   2 Comments »

Bankruptcy Class 101 is a series of short videos dealing with filing bankruptcy, protecting your assets in bankruptcy, how bankruptcy affects your credit and understanding where the resources are to help you learn more. The second video in this series will be released in June....

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Chapter 7 Bankruptcy

May 17th, 2010    •  by Showell    •   Bankruptcy Blog, Feature   •   Comments Off on Chapter 7 Bankruptcy

When you file a chapter 7 bankruptcy your 341 hearing is set and you attend with your attorney about 30 days later. Usually, you are filing a chapter 7 bankruptcy to discharge debt because you cannot afford to repay it. You still….I repeat…..you still have to pay for debts when a creditor has a lien […]...

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Lemuel Showell Blades, IV

April 26th, 2010    •  by Showell    •   Bankruptcy Blog   •   Comments Off on Lemuel Showell Blades, IV

Showell Blades was born in 1960 in Elizabeth City, NC. He is a 1978 graduate of Virginia Episcopal School. He received a B.S. in Industrial Relations from UNC-Chapel Hill in 1982 and a law degree from the University of South Carolina in 1986. He has practiced primarily bankruptcy law since 1990, but has been handling […]...

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Means Test Budget Standards Changed

January 29th, 2008    •  by Showell    •   Bankruptcy Blog   •   Comments Off on Means Test Budget Standards Changed

On 1/1/08 new IRS collection standards took effect, which means that the numbers used to determine how much a debtor in bankruptcy should be spending on his monthly budget before there is a “presumption of abuse” changed (a presumption of abuse is not a good thing in a chapter 7 because if there is one, […]...

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Changing Your Mortgage in Bankruptcy

January 28th, 2008    •  by Showell    •   Bankruptcy Blog   •   Comments Off on Changing Your Mortgage in Bankruptcy

Well, the bad news folks is that right now you cannot modify your mortgage in bankruptcy except in the very rare case where you have a mortgage that has NO, $0, NONE of the equity of the house securing it. What this means is that you have to pay the mortgage back unless the house […]...

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Foreclosure Solutions? Write Your Congressmen and Senators!

January 27th, 2008    •  by Showell    •   Bankruptcy Blog   •   Comments Off on Foreclosure Solutions? Write Your Congressmen and Senators!

Well, if you are a bankruptcy attorney or if you are reading this blog (or, if you have not had your head in the sand for the last year), then you know that the U.S. has a mortgage crisis. Home foreclosures and the rate of homes in the foreclosure process rose to a record in […]...

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Year in Review-Bankruptcy Law, Part II

January 23rd, 2008    •  by Showell    •   Bankruptcy Blog   •   Comments Off on Year in Review-Bankruptcy Law, Part II

Well, we started 2007 in South Carolina wondering if we actually had our $50,000 per debtor homestead exemption, as several parties were debating appealing Judge Burris’s December, 2007 decision giving us the exemption. Happily, no one did and we enjoy an excellant exemption and can protect $100,000 of equity in a married couple’s resid...

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  • Can I go to Jail for not Paying my Bills?

    No, not unless you committed a crime in the creation of the debt (for example, fraud). Simply borrowing money and not being able to pay it back is not a crime. Many creditors representatives will tell you lies on the telephone and say that they will have you put in jail. Perhaps they are too ignorant to know they are wrong or that it is illegal for them even to say that. See More Bankruptcy Q&A