Looking for a Kalispell Bankruptcy Attorney prior to going through a divorce? Unfortunately, 41% of first marriages, 60% of second marriages, and 73% of third marriages end in divorce. Financial problems sometimes push couples towards divorce, while divorce often causes…
Chapter 13 gives you more flexibility about what you can do with your current income tax refund. As I said in my last blog, if you file a Chapter 7 bankruptcy after the beginning of the year when you’re due…
Your Chapter 7 trustee can use your unneeded assets to pay current-year income taxes if you split the calendar tax year into two: the pre-bankruptcy and post-bankruptcy “short years.” Let’s first set the scene. If you have substantial income tax…
Can you keep your tax refund if you file a Chapter 7 case? It’s mostly a matter of timing. Here are the bullet points: Everything you own at the time your Chapter 7 bankruptcy case is filed becomes your “bankruptcy…
What income taxes can a Chapter 7 bankruptcy completely write off? Chapter 13 lets you pay off certain income taxes much more conveniently because you’re protected from the tax collector and can usually avoid paying substantial amounts of interest and…
Looking for a Kalispell Bankruptcy Lawyer? Below are a few things you should consider prior to selecting one. Since the 2008 nationwide economic downturn, the number of Kalispell bankruptcy lawyers has increased significantly. When choosing a bankruptcy lawyer, you need…
Filing a bankruptcy does not mean you will lose all your property. Exemptions are provided to every person who files a bankruptcy, which allows the filer to keep the property that property. In order to take full advantage of the exemptions…
Filing a bankruptcy is sometimes a sound financial option for individuals or businesses (“debtors”) that are over-extended, have tried financial counseling, cannot make the necessary payments to decrease their loan/credit balances, or cannot pay their basic living/operations expenses. Chapter 7…
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