Personal Touch Bankruptcy Blog
How to Get Out of Chapter 13 Bankruptcy Early
https://youtu.be/15OoYyZM_I0
Can Tax Penalties Be Eliminated In Bankruptcy?
Yes, if the event that gave rise to the penalty occurred more than 3 years prior to the debtor filing bankruptcy. Bankruptcy code section 523(a)(7) is a remarkably powerful tool in dealing with tax debt. Even if the underlying tax debt is not dischargeable...
When Should You Use a HELOC to Get Out of Debt?
Bankruptcy isn’t right for everyone. Sometimes debtors may need to resort to their assets, such as using a HELOC, to get out of debt. Many people are too quick to dismiss bankruptcy as an option; however, there are some people for whom bankruptcy is not the best...
Can You Refinance (or Buy) a House During Chapter 13 Bankruptcy?
Chapter 13 Bankruptcies are three to five-year payment plan. Inevitably, life happens. You are in chapter 13 bankruptcy and an opportunity arises to either refinance or buy a house. Can you refinance your house or buy a house during your chapter 13 bankruptcy? The...
What Is Bankruptcy? Really, What Is It?
As bankruptcy attorneys, we live bankruptcy day in and day out. We sometimes forget to address the basic questions. Aside from a vague understanding of the definition of the word ‘bankruptcy,’ most people don’t know what it is. So, let’s get back to basics; what is...
Divorce and Bankruptcy – Which One First?
Divorce and Bankruptcy often go hand in hand. Given that the leading cause of divorce is financial trouble, so when a couple divorce, neither spouse can, individually, assume the financial responsibilities of the household. As a result, one or both spouses end up...
What Happens to Pets in Bankruptcy?
Will you lose your pets in bankruptcy? Pets create two issues in bankruptcy because pets are an asset and the care of your pets is an expense. Chapter 7 bankruptcy is more concerned about your assets whereas chapter 13 bankruptcy is more concerned about your income...
Can You File Bankruptcy on Private Student Loans?
Can you file bankruptcy on private student loans?. It seems most people intuitively grasp that you cannot discharge federally guaranteed student loans in bankruptcy. However, many borrowers struggling with private student loans are hopeful that private student loans can be discharged bankruptcy.
3 Things Not To Do With Your Tax Refund Prior to Bankruptcy
Don't Make a Mistake With Your Tax Refund Prior to Filing Bankruptcy. https://youtu.be/QCSO-0k4SLA
Good and Bad Uses of Chapter 7 Bankruptcy
This post is more for the do it yourself bankruptcy (pro se bankruptcy) crowd. Too many times I receive calls from people who file chapter 7 bankruptcy without an attorney to find out that they really messed up because they didn’t understand the good and bad uses of...