Filing Taxes After Bankruptcy: Is Discharged Debt Income to You?

IRS 1040 Tax Form Being Filled Out

Do you have to pay taxes on debts discharged in bankruptcy? How do you handle your tax returns after a bankruptcy?

Cost of Filing Bankruptcy: Low Cost Attorneys

pennies

Why is there such a difference in fees charged by bankruptcy attorneys. Is there really a difference in quality?

60 Minutes–Foreclosure Crisis Getting Worse

60 minutes foreclosure crisis clip

Chapter 7 Qualifications: Credit Card and Student Loan Payments Don’t Count

Credit card and student loan payments do not factor in to the analysis for determining Chapter 7 eligibility.  It seems not a day goes by that I’m not trying to explain to a potential client why their payments to debts owed to unsecured creditors do not count in their budget in determining eligibility to file [...]

Bankruptcy Doesn’t Affect Co-Signers’ Obligations

The bankruptcy of one party does not affect the liability of another party, whether they be a co-signer or co-obligor on the debts. Bankruptcy discharges the obligation to pay on a debt; it does not eliminate the debt itself.

Bankruptcy and Financial Problems: Regain Your Power

Explore  Your Options Sooner Rather Than Later:  You May Have More Than You Think Many people who are in financial turmoil and seeking bankruptcy relief often, quite understandably, feel powerless and out of control.   This comes from feeling like they have no options.    They think their creditors are going to come into their homes [...]

Means Test Median Income Figures Reduced Again

Median Income levels for bankruptcy means test being lowered for cases filed after October 31, 2010

Can an Employer Deny Me a Job Because of Bankruptcy?

Bankruptcy protects those who have filed from discriminatory treatment by employers and student loan agencies.

Should Your Corporation File Bankruptcy?

When does it make sense to file a Chapter 7 or Chapter 11 case for a corporation, LLC, or partnership?

Failure to File Financial Management Course Form 23 in Bankruptcy

Oh No!

Reopening your case if your bankruptcy case is closed without discharge due to failure to file the required Financial management course certificate.