BankruptcyLawNetwork

Your house – the place where you have lived in the past and plan to live in again – may not be your residence when you file a bankruptcy petition. Does it matter? In several ways it might matter a great deal.

It may be that when you filed your bankruptcy petition you listed your address as where you lived at the time you filed, which was someplace other than your house address. This might come up in a variety of situations:

Ahh, the New Year is always such a special time.  No, not because of The Super Bowl – because it’s tax season!  So, tax season is a good time to review the dischargeability of income taxes in bankruptcy.

Here at Bankruptcy Law Network, we have posted extensively about how in a chapter 13 case a second mortgage can be “stripped”, that is, treated as an ordinary unsecured debt.  That is a powerful incentive to choose a chapter 13 if you can “strip” your second mortgage.