Not under Chapter 7; more likely under Chapter 13. But it’s illegal to be fired or discriminated against in your job for filing bankruptcy.
A Chapter 13 plan lets you propose what collateral you want to keep and what it is worth paying for, giving you a lot of leverage.
Chapter 13 has so many benefits–some potentially worth lots of money to you–that it’s worth finding out what it can do for you.
You can be in a streamlined monthly installment plan to pay back income taxes even if you owe the IRS a lot of money. But should you be?
You get more control than with Chapter 7 over the amount of your tax payment, who you can pay ahead of taxes, & adjustments to the payments.
Don’t let what you’ve heard about “losing” your tax refunds be a factor in deciding whether to file a Chapter 13 “adjustment of debts.”
You can usually spend your anticipated tax refund on something important, but may first have to get permission from the bankruptcy judge.
If you fall behind on support payments, it MIGHT make sense to file bankruptcy right when you can afford to begin making them again.
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.
How does a Chapter 13 “adjustment of debts” case get finished?
What happens if you file a Chapter 13 case to save your home but then later decide NOT to keep it after all?
What happens if your income goes up during the years of a Chapter 13 case?
What happens during the years of a Chapter 13 case after the judge approves your plan and you finish it?
What happens in and around the “Meeting of Creditors” in a Chapter 13 case?