To make any important decision wisely, you first need to become well-informed about your options. Then you can weigh those options and make the best choice.
You’ll be much more comfortable during your bankruptcy case if you know the system’s cast of characters.
Everything about bankruptcy revolves around its Chapters.
Let’s get very basic. What gives you the right to just stop paying creditors? What do creditors get in return?
If you covered every square inch of a standard football field with stacks of crisp $100 bills, how high would those stacks reach to match our national debt?
Found so much interesting about taxes that wouldn’t fit into our last blog, so had to give you more. Such as the income and taxes of the wealthiest tax return filers.
Can anything about taxes ever be fun?! We honestly think this is interesting stuff. Happy April 15th!
Because of financial tweaks to the Bankruptcy Code, as of April 1 you are a little less likely to have to repay some of your recent use of credit cards.
If you bought your home within 3 years and 3 months ago, bankruptcy law creates a maximum amount of homestead that you can exempt.
If you owe too much debt but still need the benefits of Chapter 13, consider “Chapter 20.”
As of April 1, you can owe more debt and still qualify for Chapter 13.
Here is a summary of the changes. They apply only to new bankruptcy cases filed starting April 1.
By following 5 steps, you can discharge (write off) more of the income taxes you now owe.