The costs for higher education have risen exponentially and many people find themselves mired in student loan debt. For people whose financial situation is precarious, having student loan payments of $393 a month (the average payment according to the Federal Reserve) makes meeting ends meet impossible. You may have heard of student loan forgiveness programs […]
The unrelenting pressure of overwhelming debt can cause all kinds of problems outside of the financial realm. It can affect your love relationship, your familial interactions, and your physical and mental health. You know you need debt relief, but worry that pursuing it may further deteriorate your credit score. In this blog post, we will […]
Before exploring the status of any tax refunds, let’s be clear about taxes owed. If you owe taxes, that debt will not be discharged during bankruptcy, whether you file Chapter 7 or Chapter 13 unless 1) that tax debt more than 3 years old; 2)there was nothing fraudulent about the tax returns; 3) and the […]
https://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.png00Mike Burrhttps://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.pngMike Burr2020-02-26 09:26:142020-02-26 09:27:31Tax Returns and Bankruptcy: Do I Get to Keep My Refund in Bankruptcy?
If you are considering filing bankruptcy, or have already done so, you may be anticipating filing your taxes and wondering how taxes owed or refunds received will work into a bankruptcy proceeding. This post will explore how your tax return affects your bankruptcy. Before exploring the status of any tax refunds, let’s be clear about […]
https://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.png00Mike Burrhttps://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.pngMike Burr2020-02-07 10:32:042020-02-07 10:32:04Can I Keep My Tax Return During Bankruptcy?
There is nothing prohibiting a person from undertaking multiple bankruptcies. If you have already gone through bankruptcy and find yourself in financial difficulties again, you already know some of the advantages that filing bankruptcy brings. While there are no limits on the number of bankruptcies you can file, there are time frames you need to […]
There is no quick and easy answer to this question. Generally, if the lawsuit involves money or property, it will be temporarily suspended or dismissed. If it is primarily concerned with something else (child custody, for instance), it will not have any effect. When you file for bankruptcy, the bankruptcy court will enter an automatic […]
https://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.png00Mike Burrhttps://www.burrlawoffice.com/wp-content/uploads/2016/12/Burr-Logo-bw.pngMike Burr2019-12-26 09:11:272019-12-27 13:00:21How Does Bankruptcy Affect A Lawsuit?
Student Loan Forgiveness Programs: PSLF and Paying Down Debt
/in Bankruptcy, Students /by Mike BurrThe costs for higher education have risen exponentially and many people find themselves mired in student loan debt. For people whose financial situation is precarious, having student loan payments of $393 a month (the average payment according to the Federal Reserve) makes meeting ends meet impossible. You may have heard of student loan forgiveness programs […]
How Does Debt Relief Affect Your Credit?
/in Credit, Credit Rating, Debt Collection, Debt Consolidation /by Mike BurrThe unrelenting pressure of overwhelming debt can cause all kinds of problems outside of the financial realm. It can affect your love relationship, your familial interactions, and your physical and mental health. You know you need debt relief, but worry that pursuing it may further deteriorate your credit score. In this blog post, we will […]
Tax Returns and Bankruptcy: Do I Get to Keep My Refund in Bankruptcy?
/in Bankruptcy, Chapter 13, Chapter 7, Taxes /by Mike BurrBefore exploring the status of any tax refunds, let’s be clear about taxes owed. If you owe taxes, that debt will not be discharged during bankruptcy, whether you file Chapter 7 or Chapter 13 unless 1) that tax debt more than 3 years old; 2)there was nothing fraudulent about the tax returns; 3) and the […]
Can I Keep My Tax Return During Bankruptcy?
/1 Comment/in Bankruptcy, Chapter 13, Chapter 7, Taxes /by Mike BurrIf you are considering filing bankruptcy, or have already done so, you may be anticipating filing your taxes and wondering how taxes owed or refunds received will work into a bankruptcy proceeding. This post will explore how your tax return affects your bankruptcy. Before exploring the status of any tax refunds, let’s be clear about […]
Can You File Chapter 13 After Chapter 7?
/in Bankruptcy, Chapter 13, Chapter 7, Filing, Uncategorized /by Mike BurrMultiple Bankruptcies
There is nothing prohibiting a person from undertaking multiple bankruptcies. If you have already gone through bankruptcy and find yourself in financial difficulties again, you already know some of the advantages that filing bankruptcy brings. While there are no limits on the number of bankruptcies you can file, there are time frames you need to […]
Multiple Bankruptcies
How Does Bankruptcy Affect A Lawsuit?
/in Bankruptcy, Divorce Debt, Filing, Legal, Uncategorized /by Mike BurrThere is no quick and easy answer to this question. Generally, if the lawsuit involves money or property, it will be temporarily suspended or dismissed. If it is primarily concerned with something else (child custody, for instance), it will not have any effect. When you file for bankruptcy, the bankruptcy court will enter an automatic […]