Can I Include My Student Loans in Bankruptcy?

Discharging student loans in bankruptcy is a separate proceeding from filing a petition for Chapter 7 or Chapter 13. In order to ask the court to discharge your student loans, you must file an adversary complaint to prove that the student loan debt should also be discharged in your ba
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Why Withholding the Proper Amount of Taxes from Your Paycheck While in a Chapter 13 Bankruptcy is Important to the Success of Your Bankruptcy

By Attorney Kristen WhelchelMost trustee will allow you to keep only $1,200 ($2,000 if you filed a joint case) of any taxes refund you get depending. If you are over withholding, you will most likely not be allowed to keep the money.If you are under withholding, you may owe taxes for
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Credit counseling v. Chapter 13 from a budgeting perspective

When families encounter financial difficulties, they explore many options before deciding what is the best course of action for them based on the information they receive. Family members, trusted friends, coworkers, and financial professionals are all sources people often look to for
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Tax Consequences in Bankruptcy

Many clients ask about the impact of filing bankruptcy when they file taxes the following year.  There is a common misconception that the discharged debts are treated as income and will result in a large tax owed to the IRS during the next tax season.  Fortunately, the IRS does not co
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Stopping Lawsuits, Garnishments and Bank Levies

When a person doesn’t earn enough money to cover his or her expenses, life can be stressful enough.  Unfortunately, this financial stress can become overwhelming when one or more of an individual’s creditors threaten to take legal action to collect money from a debtor.For example, cre
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