Chapter 7 Buys You Some Time for Your Home

Wasson and ThornhillHome Mortgages

Chapter 7 Buys You Some Time for Your Home

Chapter 7 buys you some time by stopping a foreclosure or delaying one from starting, and may also prevent liens from hitting your home.   Chapter 7 “Straight Bankruptcy” vs. Chapter 13 “Adjustment of Debts” Speaking very generally, Chapter 7 buys you some time with your home while Chapter 13 buys you much more time. So the questions are: how … Read More

Smart Timing Can Make Your Chapter 13 Case Shorter

Wasson and ThornhillChapter 13

Smart Timing Can Make Your Chapter 13 Case Shorter

Smart timing of your Chapter 13 “adjustment of debts” case can sometimes allow you to finish your payment plan faster and save lots of money.   Chapter 7 vs. Chapter 13 Two days ago we showed the importance of timing in the filing of a Chapter 7 case. The timing can affect whether you can qualify to be in a … Read More

Timing for Writing Off Income Taxes

Wasson and ThornhillTax Debts

Timing for Writing Off Income Taxes

Usually you can discharge–write off–an income tax debt by just waiting long enough. Here’s how to discharge a tax debt under Chapter 7.

Finishing Your Chapter 13 Case

Wasson and ThornhillChapter 13

Finishing Your Chapter 13 Case

Finishing a Chapter 13 case successfully is a big deal. It is rewarding financially and emotionally. Here’s how it happens.