Can Overdue Taxes Be Discharged in a Chapter 7 Bankruptcy? It’s not uncommon, when struggling to meet your financial obligations, to have some past-due tax debt. If you qualify to discharge debts under Chapter 7, you want to know if some or all of ... [Read more...]
The Automatic Stay in Bankruptcy
What Is It? What Is Its Purpose? How Does It Work? Are There Exceptions to Its Application? When you’re struggling to meet your financial obligations, the stress can be overwhelming. The constant calls, letters, and threats of legal action from ... [Read more...]
The Credit Counseling and Debtor Education Requirements in Bankruptcy
What Is Required? When Must You Complete the Programs? After losing your job, suffering injury or illness, or going through a divorce, you might find it difficult or impossible to meet your financial obligations. A Chapter 7 or Chapter 13 bankruptcy ... [Read more...]
What Debt Collectors Can and Can’t Do Under the Fair Debt Collection Practices Act
What Rights Do Debtors Have? What Collection Efforts Are Prohibited? When you're struggling to meet your financial obligations, you have enough on your mind without having to worry about aggressive or abusive debt collectors. That's one of the ... [Read more...]
Cramdowns in Bankruptcy Proceedings
There are various techniques that can be used to modify mortgages. Homeowners can apply to their banks for mortgage modifications. If the homeowner files bankruptcy, he or she can take action to force a bank to write off portions of the principal of ... [Read more...]
