Although it's strictly against the Bankruptcy Code to charge your credit cards to buy Christmas gifts and then file for bankruptcy, often times than not, we see clients who have foregone paying their mortgage and vehicle notes in order to afford gifts for their...
Can You Claim Chapter 13 on Your Taxes? When someone files a bankruptcy and tax debt is owed, most of the said taxes are considered priority debts in bankruptcy. What that means is that you can’t wipe out or eliminate your tax obligation simply by filing a...
In movies and the media, bankruptcy is often portrayed as a devastating process that strips the filer of all possessions, including their homes. It is no surprise that many people who want to file for bankruptcy hesitate because they are concerned they could lose...
Bankruptcy is a legal proceeding an individual or a business can initiate with a bankruptcy court when they are unable to pay outstanding debts or obligations. There are different types of bankruptcy, and they are commonly referred to by their chapter within the U.S....
A successful bankruptcy filing will bring about many positives into your life. Most notably, the discharging or minimization of your debts and tax obligations will provide you with financial security and peace of mind. However, bankruptcy does not come without risks...
Hiring an attorney is a personal decision. Individuals who file bankruptcy can do so pro se; that is, they represent themselves. However, filing for bankruptcy is a complicated matter. Because of the intricacies of bankruptcy law, it's a wise decision to hire an...
Bankruptcy is a powerful legal tool that allows people to discharge or minimize debts as well as tax obligations. However, due to its effectiveness, not just everyone is permitted to actually use a bankruptcy filing. There are strict regulations, laws, and guidelines...
Falling into debt or missing critical payments on loans, credit card bills, and the like can be stressful for obvious reasons. But the situation is often exacerbated by creditors who do everything they can to pester debtors into paying up. For many people, creditor...
Most people assume that bankruptcy becomes necessary after purchases get out of hand, loans or bills pile up, and house or vehicle payments are simply too great to overcome. While this is the case in a majority of bankruptcy cases, it is also true that many people...
One of the most frightening things a homeowner can hear is that foreclosure is a possibility on the horizon. A home is a huge investment and source of stability. Losing that due to unpaid mortgage payments can be devastating. If you are facing foreclosure, there are...
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