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Posts Tagged ‘bankruptcy abuse prevention and consumer protection act’

Bankruptcy Means Test and Falling Incomes

Written by Lexington/Columbia Bankruptcy Lawyer, Lex A. Rogerson, Jr.  In the last two years, household incomes have generally fallen in South Carolina, pulling a cruel switcheroo on many distressed middle-income families at a time when the economy makes avoiding bankruptcy…

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What if I Fail the Means Test?

Written by Lexington/Columbia Bankruptcy Lawyer, Lex A. Rogerson, Jr. If you “fail” the mean test, this results in a presumption of abuse.  You still may be able to file Chapter 7, but trying to do so becomes a little more…

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What’s the Bankruptcy Means Test?

Written by Lexington/Columbia Bankruptcy Lawyer, Lex A. Rogerson, Jr. In the 25-plus years I’ve been helping people file bankruptcy here in the Columbia area, one of the biggest changes has been the advent of the means test, designed to limit…

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Is Bankruptcy Really the Last Alternative?

Written by Columbia – Lexington Bankruptcy Attorney Lex Rogerson Last weekend I heard a Columbia radio advertisement for a debt adjustment service.  Aiming his message at those with out-of-control debt, the announcer said, “Don’t file bankruptcy – that should be…

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Taxes and Bankruptcy (Part Two)

Written by Lexington/Columbia bankruptcy lawyer, Lex A. Rogerson, Jr. In “Taxes and Bankruptcy (Part One)”, I discussed the 3/2/240 rule for discharging income taxes in bankruptcy. Here in part two, I’ll give you some examples of how this rule works.…

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Bankruptcy Abuse and the Honest Debtor

Written by Lexington/Columbia Bankruptcy Lawyer, Lex A. Rogerson, Jr. Bankruptcy law has changed, and there’s a focus on whether debtors are “abusing” the system by filing a Chapter 7 bankruptcy. In my Lexington bankruptcy practice, I’ve noticed that bankruptcy courts…

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