Save your home by catching up on real property taxes and securing the release of recorded income tax liens.
Chapter 13 protects you from collection of back child/spousal support and income taxes, & can save you a ton of money on your vehicle loan.
Chapter 7 gets rid of judgment liens and older income taxes, lets business debtors avoid the “means test” and lets you keep a vehicle loan.
If your possessions are not fully protected by the available property exemptions under Chapter 7, Chapter 13 can save the day.
Chapter 13 is a creative and flexible way to deal with your debts, often much more powerfully that a Chapter 7 “straight bankruptcy” can.
So you’ve heard you can get into trouble if you use credit before filing bankruptcy. What are the rules about this?
You can file bankruptcy without your spouse, but the better question is whether it is wise to do so.
To qualify for filing Chapter 7 bankruptcy, you must pass the “means test.” It is usually quite easy to pass.
You don’t like the idea of disclosing your financial life to the bankruptcy court. Can’t it be done with some privacy?
It’s a matter of timing. And that timing depends on whether you previously filed under Chapter 7 or 13, and what you are filing under now.
Not a good idea. If you do your friendly creditor may have to turn over to the trustee whatever you paid it. So it wonât be so friendly.
Don’t get caught up in a “fraudulent transfer.” It’s easier than you might think to do so, because it doesn’t take fraudulent intent.