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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Keeping a Car From a “buy here, pay here” Dealership After Bankruptcy

Cars are one of the greatest inventions outside of sliced bread. They are almost essential for our daily lives, especially for those of us that do not live or work near a bus stop. Cars allow us the freedom to go anywhere we want when we want. The problem with cars is that they are ex
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If I am buying a home on contract for deed, will I lose the home in my chapter 7 bankruptcy?

By: Megan M.R. McCarthyShort answer: if you keep making your payments you can stay in the home and the contract will continue on, unaffected by the bankruptcy. If you stop making payments, the contract will likely be cancelled, the property will go back to the seller and you will lose
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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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Keeping your car and home if you file Bankruptcy

Many people worry that they will lose their homes or cars if they file bankruptcy. However, in most cases, this is not true and an individual who files bankruptcy will be able to keep his or her home and car. This is because state or federal exemptions can be used to protect a certain
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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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