Tag Archives: chapter 7

Debts That Survive Bankruptcy

Posted on January 15, 2012 by Lex Rogerson

Written by Lexington/Columbia Bankruptcy Lawyer, Lex A. Rogerson, Jr. In most cases, discharging debt is a major, if not the sole, reason for filing bankruptcy. You file bankruptcy to get a fresh start and get on down the road of … Continue reading →

Posted in Non-Dischargeable Debts | Tagged bankruptcy, bankruptcy code, bankruptcy in the united states, bankruptcy laws, chapter 7, credit, debt, default, discharge, discharge debt, file bankruptcy, finance, fresh start, insolvency law, secured loan, survive, surviving bankruptcy, title 11, united states bankruptcy law | Leave a comment

Bankruptcy Means Test and Falling Incomes

Posted on November 16, 2011 by Lex Rogerson

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 … Continue reading →

Posted in Means Test | Tagged bankruptcy, bankruptcy abuse prevention and consumer protection act, bankruptcy laws, bankruptcy means test, business, chapter 7, economics, household income, income, incomes, means test, median family income, median income, socioeconomics, south carolina, title 11, united states bankruptcy law, united states code | Leave a comment

What if I Fail the Means Test?

Posted on November 12, 2011 by Lex Rogerson

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 … Continue reading →

Posted in Means Test | Tagged abuse, bankruptcy abuse prevention and consumer protection act, bankruptcy law, chapter 7, columbia, disposable income, household income, income, means, means test, presumption of abuse, socioeconomics, south carolina, student loans | 2 Comments

What’s the Bankruptcy Means Test?

Posted on November 7, 2011 by Lex Rogerson

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 … Continue reading →

Posted in Means Test | Tagged bankruptcy abuse, bankruptcy abuse prevention and consumer protection act, bankruptcy code, bankruptcy judges, bankruptcy means test, chapter 7, means test, title 11, united states bankruptcy law | 2 Comments

Taxes and Bankruptcy (Part Two)

Posted on October 21, 2011 by Lex Rogerson

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. … Continue reading →

Posted in Taxes and Bankruptcy | Tagged bankruptcy, bankruptcy abuse prevention and consumer protection act, chapter 7, discharge taxes, federal income tax, internal revenue service, liens, property law, tax lien, taxation, taxes, united states code | Leave a comment

Taxes and Bankruptcy (Part One)

Posted on October 15, 2011 by Lex Rogerson

Written by Lexington/Columbia Bankruptcy Lawyer, Lex A. Rogerson, Jr. Congress has set out a list of 19 different kinds of special debts that people cannot cancel in bankruptcy. Among our Columbia area clients, one of the exceptions we encounter most … Continue reading →

Posted in Taxes and Bankruptcy | Tagged bankruptcy filing, bankruptcy in the united states, business, chapter 7, discharge, file bankruptcy, income tax in the united states, income taxes, law, tax liability, tax lien, taxation in the united states, taxes, title 11, united states code | Leave a comment

Filing Bankruptcy: Your Mortgage and Car Loan in Chapter 7

Posted on July 28, 2010 by Lex Rogerson

Written by Lexington/Columbia Bankruptcy Lawyer, Lex A. Rogerson, Jr. Many of my Lexington bankruptcy clients have serious debt problems but have managed to keep the payments current on their mortgages and car loans. Setting these debts as a first priority … Continue reading →

Posted in Chapter 7 Bankruptcy | Tagged business, car loans, cars, chapter 7, credit, decisions, default, file bankruptcy, file chapter, lexington bankruptcy, lien, mortgage, mortgages | 1 Comment

Filing Bankruptcy: Your Mortgage and Car Loan

Posted on July 22, 2010 by Lex Rogerson

Written by Lexington/Columbia Bankruptcy Lawyer, Lex A. Rogerson, Jr. Recently a couple from Lexington consulted with me about bankruptcy and said they didn’t want to include their mortgage or car loan. When I asked what they meant, they said they … Continue reading →

Posted in Chapter 7 Bankruptcy | Tagged business, car loan, car loans, chapter 7, file bankruptcy, lexington bankruptcy lawyer, lien, mortgage, secured, secured debt, secured loan, security interest | 1 Comment

Columbia Bankruptcy Hearings

Posted on July 6, 2010 by Lex Rogerson

Written by Lexington/Columbia Bankruptcy Lawyer, Lex A. Rogerson, Jr. My bankruptcy clients in the Lexington and Columbia, South Carolina often fret about having to attend their bankruptcy hearing. It’s understandable to feel stress about what is probably the only appearance … Continue reading →

Posted in Bankruptcy Hearing/First Meeting | Tagged bankruptcy client, bankruptcy hearing, bankruptcy trustee, chapter 7, columbia bankruptcy, columbia bankruptcy lawyer, file bankruptcy, hearings, south carolina, trustee in bankruptcy | Leave a comment

Bankruptcy Abuse and the Honest Debtor

Posted on June 24, 2010 by Lex Rogerson

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 … Continue reading →

Posted in Chapter 7 Bankruptcy, Means Test | Tagged abuse, bankruptcy abuse, bankruptcy abuse prevention and consumer protection act, bankruptcy code, bankruptcy courts, bankruptcy laws, bankruptcy system, chapter 7, debtor, file bankruptcy, lex a. rogerson, means test | Leave a comment