It’s way past Thanksgiving but Chapter 13 has many features that make you take notice and appreciate what they can accomplish.
Giving Thanks Again for Chapter 7 “Straight Bankruptcy”
Here are more features of Chapter 7 worth knowing and taking advantage of.
Give Thanks for Chapter 7 “Straight Bankruptcy”
Chapter 7 has many important features deserving appreciation.
Give Thanks for the Rule of Law
This Thanksgiving, even in the midst of scary personal financial pressures, there is much to be thankful for.
Chapter 7 vs. Chapter 13–Income Tax Lien Only Partly Secured by Equity in Your Home
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?
Chapter 7 vs. Chapter 13–Income Tax Lien Fully Secured by Home Equity
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.
Chapter 7 vs. Chapter 13–An Income Tax Lien on Your Home
Which kind of bankruptcy to file depends on whether there is equity for the lien and whether the underlying tax can be discharged.
Chapter 7 vs. Chapter 13–If You Owe Both Newer and Older Income Taxes
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?
Chapter 7 vs. Chapter 13–Newer Income Taxes
Income tax debts that can’t be written off must be paid, either after a Chapter 7 case or during a Chapter 13 one.
Chapter 7 vs. Chapter 13–Older Income Taxes
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.
Chapter 7 vs. Chapter 13–Unpaid Child and Spousal Support
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.
Chapter 7 vs. Chapter 13–Unsecured Debts
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.
Chapter 7 vs. Chapter 13–Delay Your Home Sale
In a Chapter 13 case you can schedule to sell your home as part of the court-approved plan, or leave it more flexible.