So you have a bill from the IRS (or the State) for taxes owed. It’s only one of many bills that you have and you know there is no way that you can pay off all these debts. So you have made the decision to file a Chapter 7 bankruptcy. But will this do anything …
Claiming Chapter 7 Bankruptcy May Wipe Out IRS Debts Read More »
You are drowning in debt and know bankruptcy is ultimately what you need to get some relief. You know that bankruptcy can eliminate all or most of your debt, but that it may have severe credit ramifications. But that’s all you know, and you’re scared to move forward. What does life after bankruptcy look like? …
Couple Couldn’t Afford Bankruptcy Fees An elderly couple had fallen behind on payments and creditors were ready to take anything they could from the couple. The couple looked for the “cheapest attorney they could find, but were unable to afford the fee,” so they did the best they could filling out the bankruptcy forms to …
Sound like you? Wondering about attorney fees when filing bankruptcy? Here’s a summary of what you are paying for and why and when it comes to your bankruptcy fees. Court Costs There are a multitude of court costs, including filing fees, conversion fees, reopening fees and a myriad of other miscellaneous charges depending on the …
I’m Filing For Bankruptcy…. I Can’t Afford To Pay An Attorney Too! Read More »
You’re dying to have that new plasma TV. And the designer outfit you saw in the department store window. It’s SO tempting the whip out that credit card since there’s no way you can afford it right now – Right? Here are our tips to help you fight that urge – and help you save …
Getting a large tax refund is not the best way to manage your money. If your withholdings are appropriately allocated, your refund should be as close to 0 as possible. That provides you with full access to your hard-earned money over the course of the year to use as needed. When you receive a large …
Your Tax Refund Should Be As Close To $0 As Possible! Read More »
I was recently in Court and saw two different cases where the debtors had filed a Chapter 7 bankruptcy without the assistance of an experienced bankruptcy attorney. In both cases, the debtors were before the court on the Chapter 7 trustee’s objection to their exemptions. In both cases, the debtors stood to lose several thousand …
It Is Time To Change Virginia’s Life Time Cap On Exemptions. Read More »
This is not the first time that I have written about the extra requirement of filing a Homestead Deed that causes many individuals, who file a Chapter 7 bankruptcy without the assistance of an attorney, to lose money they need. I was recently in Court and observed a case where a Chapter 7 Trustee was …
It would seem that the best time to file a Chapter 7 bankruptcy is when you have bills that you cannot afford to pay any longer. However, there are several factors that may come into play in deciding when is the best time to file the case. You are being sued over a debt and …
I recently met with a young lady who had filed a Chapter 7 bankruptcy 4 years ago in another state and surrendered her condo as part of the bankruptcy. She then moved to Virginia and thought she was completely free of the condo. Then she received notice that she was being sued by the condo …
