It’s way past Thanksgiving but Chapter 13 has many features that make you take notice and appreciate what they can accomplish.
Here are more features of Chapter 7 worth knowing and taking advantage of.
Chapter 7 has many important features deserving appreciation.
This Thanksgiving, even in the midst of scary personal financial pressures, there is much to be thankful for.
If you don’t have much equity in your home, so that a tax lien eats up all that equity and then some, how can you get rid of that tax lien?
If you have enough equity in your home to cover a recorded tax lien, to keep your home you must pay that tax. Hereâs how bankruptcy helps.
Which kind of bankruptcy to file depends on whether there is equity for the lien and whether the underlying tax can be discharged.
If you owe more than 1 year of income taxes, some may be dischargeable and some may not. What happens if you owe both kinds?
Income tax debts that can’t be written off must be paid, either after a Chapter 7 case or during a Chapter 13 one.
Income tax debts can be written off when meeting certain conditions, mostly by being old enough. Here’s what happens in Chapter 7 and 13.
Unpaid support is the highest priority of the “priority” debts. Chapter 7 frees up money to pay it. Chapter 13 buys you time to do so.
Which of the two consumer bankruptcy options is better for you if you have lots of unsecured debts depends on the kind of unsecured debts.
In a Chapter 13 case you can schedule to sell your home as part of the court-approved plan, or leave it more flexible.