Addressing a Child or Spousal Support Lien through Bankruptcy
A support obligation is a very special kind of debt, and the resulting lien on your home has to be dealt with in a very special way.
Resolving a Recorded Tax Lien Partly Secured by Home Equity
Chapter 13 forces the IRS/state to accept only partial payment on an income tax debt that is only partially secured by a tax lien.
The 3 Kinds of Debts
Your debts can be "secured," "priority," or "general unsecured." How bankruptcy treats your debts depends on which kind they are.
Bankruptcy Made Simple
Bankruptcy gives you options for taking charge of your financial life.
You’re Now More Likely to Be Paid More Back Wages by Your Bankrupt Former Employer
Here's an adjustment in the law that can benefit you if you are owed wages and/or benefits by a person or business filing bankruptcy.
More New Bankruptcy Dollar Amounts Effective Soon
Here are the rest of the important changes affecting Chapter 7 and Chapter 13 bankruptcy cases filed on or after April 1, 2016.
A Fresh Start with the Child or Spousal Support Lien on Your Home
The good news is that if you are behind on child or spousal support, with a resulting lien on your home, you can safely protect that home.
Bankruptcy Timing and the Holidays: Filing in 2016 to Cover More Income Taxes
During the first months of 2016 your bankruptcy can write off more of your tax debts.
Giving More Thanks for Chapter 7 “Straight Bankruptcy”
Here are more features of Chapter 7 worth knowing and taking advantage of.
Chapter 7 and Chapter 13–Owe Both Newer and Older Income Taxes
If you owe more than 1 year of income taxes, some may be dischargeable and some may not. What happens if you owe both kinds?
Chapter 7 and Chapter 13–Newer Income Taxes
Income tax debts that can't be written off must be paid, either after a Chapter 7 case or during a Chapter 13 one.
Chapter 7 and Chapter 13–Child and Spousal Support
Unpaid support is the highest priority of the "priority" debts. Chapter 7 frees up money to pay it. Chapter 13 buys you time to do so.
Chapter 7 and Chapter 13–Unsecured Debts
Which of the two consumer bankruptcy options is better for you if you have lots of unsecured debts depends on the kind of unsecured debts.
Chapter 7 and Chapter 13–Exempt and Not Exempt Assets
Most of the time everything you own is exempt, meaning it's protected in a Chapter 7 bankruptcy. If not, Chapter 13 can usually protect it.
Mistakes to Avoid–Selling Your Home Because You Owe Income Taxes
If you owe a bunch of income taxes, and have a tax lien on your home, it's tempting to try to fix everything by selling your home.