Blog Posts in April, 2010
Posted on Apr 30, 2010 By Majed
It is extremely difficult to get any federal or state debt discharged. Federal income taxes are no exception; however there are limited cases in which a debtor may be allowed to discharge this debt. ...
Continue reading "Chapter 7 Discharge Exceptions: Income Taxes" »
Posted on Apr 28, 2010 By Majed
Unlike a Chapter 7, a Chapter 13 debtor submits a plan of reorganization to the court. This plan is created by the debtor to establish a schedule of repayment to the debtor's creditors. Once the court ...
Continue reading "What is a Chapter 13 Discharge?" »
Posted on Apr 26, 2010 By Majed
If the goal of a consumer bankruptcy filing is to start afresh with a clean slate, then a discharge is the manifestation of that goal. A discharge means that a debtor is no longer legally responsible ...
Continue reading "What is a Chapter 7 Discharge?" »
Posted on Apr 23, 2010 By Majed
There are many myths and lots of mystery surrounding bankruptcy filings, especially among consumers. In the past 18 months, news watchers have been bombarded with corporations filing for various types ...
Continue reading "Chapter 7 or 13?" »
Posted on Apr 21, 2010 By Majed
As with any legal process, filing for Chapter 7 bankruptcy can be an intimidating process. There are many terms thrown around, like discharge, liquidation and automatic stay. Today, I will break down ...
Continue reading "What is the Automatic Stay?" »
Posted on Apr 19, 2010 By Majed
Oftentimes payday loans seem innocent enough. Many consumers utilize these short-term loans when unforeseen emergencies arise or when there are simply more days in the month than money. However, these ...
Continue reading "Are Payday Loans Dischargeable if I file for Chapter 7?" »