Timing your bankruptcy filing right can give you more time in your home before surrendering it to your lender.
If you owe income taxes, with wise timing you may be able to be in Chapter 13 for much less time.
If you owe income taxes, with the right timing you may be able to pay less taxes and pay no more into your Chapter 13 case.
If you owe income taxes, not only can you write off most older ones, you may have some control over which taxes you can write off.
Likely you’ve not committed any fraud preventing you from writing off your debts in bankruptcy. But how about “presumptions of fraud”?
Waiting until just the right time to file a Chapter 7 bankruptcy can help avoid being bounded into a 3-to-5-year Chapter 13 case.
If you have a relatively new vehicle loan, waiting until you’ve had it for at least two and a half years can save you thousands of dollars
If you owe income taxes for 2013, filing a Chapter 13 “adjustment of debts” would enable you to pay that tax under very favorable terms.
Take advantage of the fact that the law happens to treat certain creditors better than others.
If you still owe more on your house than what it’s worth, you may be able to “strip” a second or third mortgage off your title.
If you owe a whole lot of income taxes, especially if you owe for multiple years, bankruptcy can get you tax debt free surprisingly fast.
Which is more powerful–tax collection or bankruptcy protection? Most of the time, bankruptcy is.
Here’s some good news if you are behind on child or spousal support, and are being relentlessly chased on that debt. Or are about to be.
Here’s some of the very good news you might hear if you followed up on your New Year’s resolution to go see a bankruptcy attorney.