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
Continue Reading →

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
Continue Reading →

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
Continue Reading →

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
Continue Reading →