Tax Debt is Discharged in Bankruptcy because IRS May Have Lost Tax Return!
Tax debts are one of those tricky things in bankruptcy where if everything wasn’t done right, then the debt doesn’t get discharged. The debtor has to file any missed returns. There are time periods that have to be cleared. Each tax year has to be considered on its own. In a very interesting case, a […]
KEEP READING . . .Must a debtor reaffirm a secured debt to avoid foreclosure and eviction?
The intersection between foreclosure and bankruptcy is pretty heavy. Over the last ten years, as people have resorted to bankruptcy to try and save their houses from foreclosure, plenty of interesting questions have arisen. Most commonly, if someone wanted to keep real property that they were losing in foreclosure, they would try to obtain a […]
KEEP READING . . .An Airline Pilot Tries to Get His Student Loans Discharge . . . and Loses
Student loans are a hot topic in the bankruptcy world right now. With reports indicating that student loan debt has reached staggering numbers, and is hampering graduates’ abilities to get started with life and to build wealth, its not at all surprising. There seems to be some discussion about student loan relief legislation (more than just […]
KEEP READING . . .Debtor Gets Student Loans Discharged in Bankruptcy Case!
[huge_it_video_player id=”9″] In a prior post, I reviewed a case where a husband and wife couple in Arkansas had a bankruptcy court decide that their student loans are NOT dischargeable based on the totality of their circumstances. In this post, we’ll take a look at a case where a bankruptcy court in Arkansas conducted a similar […]
KEEP READING . . .Discharge of Student Loans DENIED in Arkansas
[huge_it_video_player id=”8″] Ahhh, yes. For those of us that incurred student loans, what we would do to get rid of them. For many, the steady and constant monthly payment is a strain on your ability to live, your ability to try and purchase vehicles or real estate, and sometimes even has an adverse effect on […]
KEEP READING . . .4 Tips to Help Plan What to Wear to Your Bankruptcy 341 Meeting
It’s a question that every bankruptcy attorney gets asked. It’s also something that’s so simple and often overlooked, but can lead to disaster. The question is what should a bankruptcy debtor wear to the 341 meeting of creditors. Here are four things you should keep in mind when thinking about what you should wear to court […]
KEEP READING . . .Does Bankruptcy Automatic Stay Stop Child Support Proceedings?
[huge_it_video_player id=”7″] People file for bankruptcy for many reasons. Often, one pressing reason is to get a stay of some kind of case or some kind of judgment execution, such as a garnishment. Claims for domestic support obligations (DSOs) hold a special place in the bankruptcy code, as it is afforded greater priority and protection […]
KEEP READING . . .3 Things to Ask Bankruptcy Lawyer Before Choosing One to Represent You
[huge_it_video_player id=”6″] For most people that think about it, the decision to file for bankruptcy is not an easy one. There are often feelings of failure and defeat attached to a filing. I think many of us take on credit with the full intention of paying, and try to pay back debts. That being said, […]
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