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Category Archives: Blog

Chapter 13 and Old Tax Debt

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Do you have outstanding tax debt that has not been paid to the IRS? Bankruptcy can help you deal with IRS tax debt in a manageable method. Last week, we explored dealing with recent tax debt in bankruptcy (https://www.bankruptcylawpros.com/chapter-13-and-recent-tax-debt/).  Today, we can take a look at how to deal with old tax debt that is Continue Reading

Do You Need To File 2013 Taxes Before Filing for Chapter 7?

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A quick reminder that you should not need to wait until your taxes are filed to file a Chapter 7 or any other type of bankruptcy. Bankruptcy is based on your history of income and expenses. The bankruptcy court will not dismiss your file or disqualify you from bankruptcy if you have not filed your Continue Reading

How Do You Rent A Home With a Bankruptcy on Your Credit Record?

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If you have a bankruptcy on your credit record, what can you do to find a new apartment or house to rent after your bankruptcy case has been discharged and closed?  Securing a rental property has been a concern for those who are considering bankruptcy as a debt relief solution.  Here’s what you can do Continue Reading

Is Bankruptcy Really “Bad” For Your Credit?

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In a difficult financial situation where you are behind on debt payments without an end in sight, is filing a bankruptcy still “bad” for your credit profile? Bankruptcy on its own is definitely a negative impact on your credit profile, but the reality is that most people who are looking into bankruptcy may already be Continue Reading

Have You Lost Track of Your Debt?

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Many consumers have multiple credit card balances and checking accounts. Some have past due rent from previous landlords, auto-deficiency debt after a repossession, payday loans from multiple companies. There are many types of unsecured debts to deal with, not to mention different collections companies that have been engaged to collect on your debts through various Continue Reading

March is National Start A Business Month – Learn About Non-Consumer Debt Ch. 7

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With National Start a Business Month on the way in March, keep up with your business acumen and learn how to eliminate your business debt in case things do not go as planned. Bankruptcy Code has some built-in flexibility for dealing with business debt. In this article, we will be taking a closer look at Continue Reading

How Will You Prepare for the Next Recession?

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Our stock market reached peak heights last year after a long recession. This year, the equity markets are still very strong, withstanding government polarization and a financial system held up by government stimulus and interest rate manipulation. Some believe it is only a matter of time before the profits in the equity markets will be Continue Reading

Jobs Report Misses Expectations

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Today’s jobs report has the US adding 113,000 jobs in January of 2014. The reason it has been deemed “disappointing” is because expectations were at 189,000. Unemployment rate reduced from 6.7% to 6.6% according to Wall Street Journal Money Beat. All the market indexes have reacted calmly so far. Are our economy and markets in Continue Reading

Can You File Chapter 13 Bankruptcy with High Income and Assets?

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Are you still under the impression that if you have income and assets, bankruptcy is not available as a debt solution to you? Well, think again. As you can see here in an article about Nicole Eggert’s bankruptcy filing http://radaronline.com/exclusives/2014/01/nicole-eggert-files-for-bankruptcy/, she has over 15k in income per month and has total assets of over $1 Continue Reading

Is Student Loan Debt Really Not Eligible for Discharge in Bankruptcy?

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Student loan debt is a weight on the shoulders of many Americans. Our client base in Southern California regularly asks us whether or not we are able to help with student loan debt in bankruptcy. There are mixed messages out there on various websites, and most people are under the impression that student loan debt Continue Reading