You Can Write Off Some Income Taxes with a “Straight Bankruptcy”
Chapter 13 can be a great way to deal with tax debts. But you don’t always need it, or its 3-to-5-year plan.
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Entries by PDX Law Group
The Persistent Myth About Taxes and Bankruptcy
Many people believe that bankruptcy can’t write off any income taxes. Even attorneys sometimes perpetuate this myth.
Don’t Let a Creditor Get a Judgment Preventing its Debt from Being Written Off in Bankruptcy
Some creditor judgments are very dangerous since they can prevent you from writing off the debt later in bankruptcy. Try to avoid judgments.
Qualify for a Vehicle Loan “Cramdown” by Filing Your Chapter 13 Case at the Right Time
Potentially save thousands of dollars on your vehicle loan by filing bankruptcy when it qualifies for cramdown.
Choose between Your Prior and Present State’s Property Exemptions When You Have Timing Flexibility
If you moved to your present state less than two years ago, when you file bankruptcy can affect how much of your property is protected.
Be Able to Write Off More Debts by Not Being Rushed into Filing Bankruptcy Too Quickly
Most income taxes and credit card debts can be discharged (written of) by tactically delaying bankruptcy. See an attorney to do this right.
Advantages of Being in Control of the Timing of Your Bankruptcy Filing
Don’t get rushed into filing bankruptcy when the timing’s not right. Filing at the right time could save you thousands of dollars.
Why You Should Not Allow a Creditor to Get a Default Judgment against You
Not responding to a lawsuit by a creditor can harm you in more ways than you think.
The Final and Best Reason to Get Bankruptcy Advice Before Selling Your Home
If you’re under financial pressure to sell your home, first get legal advice about your options. Because you need it. And it’s free.
Property Tax Debt–Another Reason to Get Bankruptcy Advice Before Selling Your Home
Falling behind on property taxes is serious, but not necessarily reason to rush off and sell your home.