Paying your taxes with a credit card
I think it is common knowledge that most recent governmental tax liabilities are not dischargeable in a bankruptcy filing. Theses debts are given a priority status and will survive a debtor’s discharge in a chapter 7. In a chapter 13, the debtor will be required to pay the priority tax liability inside the plan. With [...]
Automatic Stay, the Discharge and Unlisted Creditors
The objective in filing for bankruptcy relief is obtaining a discharge of your financial obligations and to acquire a “fresh start”. The process in receiving this discharge takes time after you file the bankruptcy petition. The discharge in a simple “no asset” chapter 7 usually runs between 100 and 120 day before ordered. A chapter [...]
Phantom Expenses in Calculating Disposable Income
Remember a few years ago when the new bankruptcy laws passed and the public thought that relief to file was all but gone? I particularly remember the rush of filers in the last few months leading up to the passage date of the new laws on 10/17/2005. It took time and education to debunk the [...]