
Certain Federal, State and Local income taxes can be discharged in a Chapter 7 or Chapter 13 Bankruptcy.
Certain Federal, State and Local income taxes can be discharged in a Chapter 7 or Chapter 13 Bankruptcy.
This is one of my favorite areas to talk about as this intersects two of my practice areas, bankruptcy and divorce. During a recent free consultation, I was asked this very same question, and I figured many more people have this same burning question on their mind. this article will answer that question.
The general answer to this question is yes, it’s possible to keep your home if you file bankruptcy. However, there may be instances where you won’t be able to keep your home, and this will depend on if you file for Chapter 7 or Chapter 13 bankruptcy.
Your spouse does not have to file Chapter 7 or Chapter 13 bankruptcy with you, but sometimes it might be good to do so.
Yes, it is possible but only in a Chapter 13, under certain circumstances. First you have to qualify for a Chapter 13, which means you have some money to pay back to your creditors.
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…
Bankruptcy filing is a public record, but no one will really know if you filed for Chapter 7 or Chapter 13 bankruptcy.
Retirement assets are protected in Chapter 7 or Chapter 13 bankruptcy. Don’t cash them in to pay your creditors.
Many Americans are inflicted with severe medical debt. You can get rid of the medical debt in Chapter 7 or Chapter 13 bankruptcy.
One of the most depressing statements I hear, “I’m such a loser because I’m filing for bankruptcy”. I’m not sure where this sentiment comes from, but it could be traced to what we have been programmed to believe from the news media, financial pundits, and the credit industry. We are taught that we get into debt, the only way out is to pay our bills. It’s the right thing to do!
The decision to file bankruptcy is a serious decision to make, and one people make reluctantly. Many people are unfamiliar with the process and not knowing if you are choosing the right bankruptcy lawyer only makes a difficult decision more frustrating. Keep these five questions in mind when hiring a bankruptcy lawyer.
Most people don’t realize that filing bankruptcy can stop a garnishment. The conventional thinking is, “Well, they got the judgment in court, so nothing I can do”.