Timing to Write Off Income Taxes

Wasson and ThornhillIncome Taxes

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Photo by Manasvita S on Unsplash How do you time your bankruptcy case to write off income taxes? Usually you just need to wait long enough (but there may be other factors). Our blog post of two weeks ago introduced the importance of timing your bankruptcy filing right. We gave a list of 15 examples of timing considerations. Last week … Read More

Including New Debts in Bankruptcy

Wasson and ThornhillDischarge of Debts

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Photo by Ian Espinosa on Unsplash Bankruptcy only includes debts that you owe at the time you file your case, not new debts you incur after filing. So timing is crucial. In last week’s blog post we introduced how to time your bankruptcy filing. We gave a list of 15 examples of timing considerations. Today we start with the first … Read More

The Best Timing of Your Bankruptcy

Wasson and ThornhillBankruptcy Advice

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Photo by Monica Sauro on Unsplash There are many timing considerations when it comes to filing your bankruptcy case. Some can be real game changers. Here are 15 of them. Five weeks ago we started a series on why you should get legal advice from a bankruptcy lawyer. We’ve also been making a point of showing why it’s smart to … Read More

Unexpected Benefit: Ways to Resolve a Preference Mess

Wasson and ThornhillBankruptcy Law

A possible preference mess is the forced repayment of your pre-bankruptcy payment to a relative or friend. Here are two solutions.   Last week’s blog post introduced an uncomfortable problem: preference payments to a friendly creditor. (If you haven’t already please read that one before reading further here.) The Solutions We ended that blog post by listing and giving short … Read More