Income Taxes and Bankruptcy: Three Fundamental Issues There are three basic concerns about income taxes in Chapter 7 bankruptcy: (1) Do you have unfiled returns? (2) Do you owe unpaid income taxes? and (3) Are you owed any income tax refunds? Let’s examine the importance of each of these questions. Unfiled Income Tax Returns The… Continue reading How Do My Income Taxes Factor In Chapter 7 Bankruptcy?
Is My Property At Risk In Bankruptcy?
Exemption Law: A Core Concept in Bankruptcy Talking to your friends and family who have filed bankruptcy can give you the impression that Chapter 7 bankruptcy is free of unpleasant consequences. To the contrary, paying your attorney, the court, and case expenses are not the only potential costs. Chapter 7 bankruptcy can result in the… Continue reading Is My Property At Risk In Bankruptcy?
What Is the Cost of Filing Chapter 7 Bankruptcy?
Three Elements There are three basic elements to the cost of filing your Chapter 7 bankruptcy. These are (1) the attorney fee, (2) the filing fee, and (3) case-related third-party expenses. Attorney Fee Many firms will advertise a “one size fits all” attorney fee for Chapter 7 services and these vary a lot in amount.… Continue reading What Is the Cost of Filing Chapter 7 Bankruptcy?