ARE INCOME TAXES DISCHARGED IN BANKRUPTCY?
Often bankruptcy clients believe they will be stuck with their income tax debt after filing bankruptcy. That is not always the case. You may discharge income taxes in bankruptcy. However,…
What Happens to My Tax Refund When I File Bankruptcy?
A tax refund is simply money owed to you by the IRS. Therefore, your tax refund is an asset that can be used to pay your creditors unless exempted. Necessary Living…
WHAT HAPPENS TO AN EVICTION PROCEEDING WHEN I FILE BANKRUPTCY?
Chapter 7 Bankruptcy Upon filing a Bankruptcy Case the automatic stay arises. The automatic stay stops nearly all debt collection efforts by creditors. However, the automatic stay may expire as…
STUDENT LOAN DEBT CANCELLATION IS HERE!
President Biden has announced debt relief available to a number of student loan borrowers. The relief includes both cancellation of student loan debt and an extension of the payment pause.…
WHAT HAPPENS TO MY CAR IN BANKRUPTCY – PART 2
We previously addressed what happens to your vehicle in bankruptcy from the liquidation perspective – is there unprotected equity? This time we will discuss your bankruptcy options regarding your auto…
What Happens to My Car in Bankruptcy?
What appears to be a simple question can become complicated depending on the circumstances of your case. The following endeavors to help answer this question. Chapter 7 Bankruptcy What most…
BIG CHANGES TO THE FAIR DEBT COLLECTION PRACTICES ACT
The Consumer Financial Protection Bureau approved new rules effective November 30, 2021, which affect how Debt Collection Companies may contact consumers. Debtor Collectors can now contact you about unpaid debts…
Florida Homestead Exemptions and Bankruptcy
Florida's homestead exemption is considered to be one of the most generous in the country. Under Florida law, you can exempt an unlimited amount of equity in your home. However,…