I Make Too Much for Chapter 7, Owe Too Much for Chapter 13, So Now What Do I Do?
If you don’t qualify for either Chapter 7 or 13, do you have to do a very expensive Chapter 11 reorganization? Or could you still qualify after all?
Keeping Everything You Own Through Chapter 13 Bankruptcy
One good reason that people filing Chapter 7 don’t lose any of their stuff to the bankruptcy trustee—if they did have something to lose, they would likely have filed a Chapter 13 instead. How does Chapter 13 protect what you’d otherwise lose in a Chapter 7 “straight bankruptcy”? As I said at the beginning of […]
Help! I Just Filed My Taxes on October 15, Owe a Lot, and Hear that Chapter 13 Can Help a Lot
“Straight” Chapter 7 bankruptcy can give some relief for dealing with your back and current income taxes, but Chapter 13 can help so much more.
Keeping Everything You Own in Bankruptcy
You want to know: “Can I really keep everything I own if I file bankruptcy?” A two-part answer: 1) Yes, you can, usually, keep those possessions that are all yours (you don’t owe any money on them). 2) Yes, you can, usually, keep those particular possessions on which you are making payments to a creditor […]
Help! After Getting an Extension to October 15, I Just Filed My Taxes and Owe Tons!
If you were already on the financial edge and just found out you owe a bunch of income taxes, here is how bankruptcy can help.
Help! I Need to File Bankruptcy But Already Did One a Few Years Ago
If you need bankruptcy protection but already filed a bankruptcy case within the last few years, you may still be able to file a new one now.
The Very Rocky History of U.S. Bankruptcy Law
You think the present Congress can’t get anything done? It took more than a hundred years for Congress to pass the first permanent bankruptcy law. Lots of people know that bankruptcy was important enough to our founders to be included in the U.S. Constitution. But that’s just the very beginning of the story: The […]
Help! My Co-Signer and I Just Got Sued!
If you and someone else jointly owe a debt, bankruptcy can protect you against the debt and against your co-signer. Or if you want, bankruptcy can protect your co-signer.
The Amazing but True Evolution of Bankruptcy Law
You’ve heard of debtors’ prisons. But that’s only one hideous part of the very colorful history of bankruptcy law. American bankruptcy law was based on the law of England at the time of the colonies. Today’s blog tells how incredibly different pre-Revolutionary War bankruptcy laws were from current law. The first bankruptcy law in […]
Help! I Just Got a “Final Notice of Intent to Levy” from the IRS!
If you owe income taxes, and are at the point that the IRS is about to seize your assets, you need to consider bankruptcy. It can help in surprising ways.