Chapter 7 Bankruptcy

What are the Tax Consequences of Not Filing for Bankruptcy?

11/18/11

Debts discharged in bankruptcy do not trigger tax liability Most everyone knows that filing for bankruptcy eliminates credit card debt, medical bills and other unsecured loans. However, a significant benefit of filing, that is rarely discussed, are the tax benefits that result when the bankruptcy discharge is issued. The IRS treats canceled debt as income [...]

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Filing for Bankruptcy On Your Own: Never a Good Idea

11/14/11

One of the first things you learn in law school is: “only a fool has himself for a client”. It is hard to imagine a situation that this truism applies more to than filing bankruptcy. While individuals may represent themselves in bankruptcy court and file a bankruptcy case without an attorney or “pro-se,” it is [...]

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Bankruptcy Filings Lower in Arizona Than Last Year

11/09/11

Bankruptcy Filings Lower in Tucson, Arizona and Phoenix, Arizona Than Last Year   Arizona bankruptcies have been declining in number for the last 9 months.   Statewide filings fell 23 percent in October of 2011, and overall bankruptcy filings are down 13 percent from 2010 so far this year. Bankruptcy has been filed more than 106,000 [...]

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Bankruptcy Court Filing Fees Increase November 1, 2011

11/01/11
New York Bankruptcy Filing FeesWritten by Craig D. Robins, Esq.
 
 

 

 

With relatively little notice, bankruptcy court filing fees have increased.
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Bankruptcy Court Filing Fees Increase November 1, 2011

11/01/11
New York Bankruptcy Filing FeesWritten by Craig D. Robins, Esq.
 
 

 

 

With relatively little notice, bankruptcy court filing fees have increased.
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Lien Stripping In Chapter 13 Bankruptcy

11/01/11

Avoiding a Second Mortgage in Bankruptcy As a consequence of the decline in the real estate market many clients are asking about the status of their second mortgages. It is not understood by most lay people under what circumstances a second mortgage can be “avoided.” The most common second mortgage scenario in my practice for [...]

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Deciding Which Bankruptcy Chapter Is Appropriate

10/29/11

Bankruptcy may provide some relief to a borrower under financial stress and overwhelmed with debt. Typically, there are two types of bankruptcy available to a debtor, Chapter 7 bankruptcy and Chapter 13 bankruptcy. The requirements and benefits offered by the two types of bankruptcy differ greatly. ATampa bankruptcy attorneycan explain the differences between the two [...]

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Will Bankruptcy Get Rid of My Small Business Debts?

10/28/11

Small Business Debts & Bankruptcy Your business is in trouble and you want to know whether filing personal bankruptcy is necessary or whether you can just walk away without fear of your creditors chasing behind you. First thing first, identify whether you’ve personally guaranteed your business debts or whether your business entity protects you from [...]

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The Massachusetts Foreclosure Mess

10/24/11

The Gogel and Gogel Foreclosure Blog The Massachusetts Supreme Judicial Court gets the foreclosure fraud problem and has strongly stated that parties filing foreclosure actions must have title to the mortgages they attempt to foreclose and must be able to prove that the chain of title supports that assertion. It is a new day in [...]

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How to Ward Off “Zombie” Debt

10/24/11

When debt comes back from the past to attack living debtors, many debtors are unclear on their rights and the statute of limitations in regards to “zombie” debt, or debt typically purchased by debt buyers in which the window of collections has expired. In general, “zombie” debt refers to debt over 10 years old that [...]

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