bankruptcy blog

In some circumstances, your income taxes can be discharged in bankruptcy, just like any other unsecured debt. However, you cannot discharge your income taxes if you are under the IRS’s automatic filing program. In addition, if you have not filed your income taxes for the last two years, you may not be able to discharge  … Read more

Many people have experienced debt collection calls in the past. From repeated, early calls to mean-spirited debt collectors; being on the receiving end of a debt collection call can be stressful. It is not uncommon for people to file lawsuits or seek guidance from a Houston bankruptcy lawyer for help managing these situations. Fortunately, there  … Read more

After a long year and frigid winter, taking a vacation is on the top of everyone’s wish list. However, they can be very expensive. Without proper planning, a vacation can upset the careful balance of your household’s budget and set you back during what is a delicate time for many. Here are just a few  … Read more

Many Americans are currently dealing with past due rent payments that they worry could result in their eviction. Even worse is the moratorium preventing landlords from acting on past due rent during the pandemic is soon to end; leaving many people worried about their home. Many are even asking, is it possible to file for  … Read more

Tax debts can cause serious consequences if not resolved properly. Unpaid taxes can quickly lead to other hassles, such as property liens and wage garnishment. While filing for bankruptcy, can halt garnishment and lien orders; not all tax debts can be resolved in bankruptcy. When you file for bankruptcy for unpaid taxes, you need to  … Read more

The means test determines whether a debtor is eligible to file a Chapter 7 bankruptcy or a Chapter 13. If the debtor is not eligible for a Chapter 7 the means test will calculate the disposable income available to repay creditors in a Chapter 13 bankruptcy. The means test consists of determining the debtor‘s average  … Read more

One of the biggest benefits of filing bankruptcy is the automatic stay that goes into effect as soon as the case is filed. This  means that those you owe a debt to, your creditors,  are not allowed to keep asking you for money. However,  there are some expenses to pay. There are two types of  … Read more

Over the last ten years, healthcare reforms have targeted lowering the out of pocket costs of healthcare. Research shows that medical debts and expensive medical bills are one of the leading causes of bankruptcy filings in the United States. In fact,  over 60 percent of personal filings come as a result of unmanageable medical bills.  … Read more

A Chapter 13 bankruptcy is a form of debt reorganization. It allows you to restructure your debts and keep your property. Chapter 13 can be a good option if you have the money to stay current on your payments but need help with a large amount of debt.  Chapter 13 bankruptcy can help you: Get  … Read more

Foreclosure is a legal process where mortgage lenders can take a home from a homeowner that has defaulted on their loan. Typically, the foreclosure process can last from one to seven months, depending on the state you live in. However, there are situations in which a mortgage lender may begin the foreclosure process after the first  … Read more