Navigating Tax Debt – The Role of Pre-Bankruptcy Planning
By following 5 steps, you can discharge (write off) more of the income taxes you now owe.
Timing of Non-Vehicle Collateral Cramdown
Cramdown is most familiarly known as a tool to decrease monthly payments on vehicle loans. But you can also cram down debt on other collateral.
Why Creditors Request Relief from the Automatic Stay
Filing bankruptcy stops creditors' collections against you immediately. But sometimes a creditor tries to get permission to collect anyway.
Bankruptcy Helps You Sell Your Home
Beyond the pandemic's foreclosure moratorium, Chapter 7 bankruptcy gives you serious advantages if you're selling your home.
Do You Owe Taxes From 2020, Even If Unemployment Benefits Were Not Taxed
Do you owe 2020 income taxes even though the IRS is now not taxing the first $10,200 of unemployment benefits? What to do and not to do.
Crucial Question: When Can I File Another Bankruptcy?
It's a matter of timing. And that timing depends on whether you previously filed under Chapter 7 or 13, and what you are filing under now.
Chapter 13 Can Buy You Time To Sell Your Home
Chapter 13 enables you to possibly sell your home if and when you're ready to do so.
If You Owe Income Taxes
What do you do and not do if you owe income taxes or have ongoing tax liabilities?
Answers about Medical Debt that causes Bankruptcy
Although there is no such thing as medical bankruptcy, medical debt causes many people to file bankruptcy. Below is a Q&A about these issues.
Borrowing to Pay Medical Debts
Borrowing to pay medical debts creates new potential risks. A debt that was easy to discharge in bankruptcy becomes one that you often can't.
Chapter 13 prior to Mortgage and Property Tax Foreclosure
Chapter 13 stops both mortgage and property tax foreclosures. Then you have up to 5 years to catch up on the property taxes.
Health Insurance and Bankruptcy
Having health insurance is extremely important. Both Chapter 7 and Chapter 13 bankruptcy can help you get and keep your health insurance.
Helpful Bankruptcy Law Change
The new pandemic relief law includes some helpful changes to bankruptcy law, including some protection of the $600 economic impact payments.
Affordable Care Act Enrollment Deadline of August 15, 2021
The usual deadline to apply for health care coverage under the Affordable Care Act was Dec. 15, 2020. It's now been extended to Aug. 15, 2021.
Get 6 Months of Your Health Insurance Premium Paid
You could get 100% of your health insurance paid from April through September 2021 if you lost your employer-based insurance during the pandemic.
