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…
Discharging Income Taxes in Chapter 7 Bankruptcy
Income taxes are discharged in a Chapter 7 Bankruptcy unless excepted from the discharge under 11 U.S.C. Section 523(a)(1). There are a number of requirements in Section 523 which may…
Bankruptcy Fees Increase
Effective December 1, 2020, the Court Fees for filings in Bankruptcy Court increased. The following is a summary of Bankruptcy Court Fee changes: Initial Court Filing Fee due when a…
Will I Lose My Car If I File Bankruptcy?
Whether you can retain your car after filing bankruptcy depends on a number of factors. Which type of bankruptcy case you filed - Chapter 7 or 13. Whether you have…