Certain Federal, State and Local income taxes can be discharged in a Chapter 7 or Chapter 13 Bankruptcy.
Tag Archive: debt discharge
Detroit Bankruptcy Lawyer: How Much Do You Charge For A Chapter 7?
Of all the questions I get asked on a daily basis, this is the last question anyone should be asking of their bankruptcy attorney. It’s the same as asking me how much to paint your house, when I have never seen you house. Bankruptcy is very complicated and very technical and…
Detroit Bankruptcy Lawyers: Will I Receive A 1099-C For My Discharged Debt In Bankruptcy?
Attorney Kevin C. Johnson discusses whether you will receive a 1099-C from your creditors if you file bankruptcy.
Detroit Bankruptcy Lawyers: Will I Lose My Retirement Accounts If I File Bankruptcy?
Retirement assets are protected in Chapter 7 or Chapter 13 bankruptcy. Don’t cash them in to pay your creditors.
Detroit Bankruptcy Lawyer: Can I Get Rid of Student Loans in Bankruptcy?
This is a hot button question I get asked all the time. It’s no wonder, with about 1 trillion dollars (that’s more than the auto industry bailout and the Wall Street bailout) in student loan debt in this country and a very bleak job market for college graduates, this will become a crisis in the coming years. In fact, this very well may be the next meltdown in the country.
Detroit Bankruptcy Lawyer:Can My Ex-Spouse Discharge the Credit Card Debt He/She Owes Me from the Divorce?
This is the second part to my last article I wrote on whether spousal support can be discharged in bankruptcy. If you missed that article, you can read it here. Credit card debt works differently than a Domestic Support Obligation and there are different rules for this type of treatment.
Detroit Bankruptcy Lawyers: The Christmas Season is Upon Us, So is Massive Credit Card Debt.
Christmas is a time for family, charitable giving, goodwill towards all, and gift giving. It is also a time when we can forget the troubles in our lives and enjoy one night of happiness. We will watch the glow of happiness of children as they open their gifts and watch the smiles of our loved ones as we enjoy the company of the ones we love.
Detroit Bankruptcy Lawyers: What Is The Means Test In Bankruptcy?
The Means Test was created by Congress to prevent people from filing Chapter 7 bankruptcy and forcing them to file Chapter 13 instead.
Detroit Bankruptcy Lawyers: How Can I Get A Debt Collector To Stop Calling Me?
Find out how you can get those harassing creditor collection calls to stop and get much needed bankruptcy relief.
Detroit Bankruptcy Lawyers: Should I Sign A Reaffirmation Agreement?
Reaffirmation agreements are common in Chapter 7 bankruptcy, Should you sign one?
Detroit Bankruptcy Lawyers: What Is The Difference Between Unsecured And Secured Debt?
You have heard the terms Unsecured and Secured debt come up many times in your search about Chapter 7 and Chapter 13 bankruptcy. What is the difference?
Detroit Bankruptcy Lawyers: Can I Keep My Stuff If I File Bankruptcy?
By filing a Chapter 7 or Chapter 13 bankruptcy, you may keep most if not all of your assets.