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Debtors who are faced with frustrating debt due to circumstances beyond their control such as a sudden job loss, a pay cut, a cut in hours, and a medical emergency, death in the family or divorce might have no other choice but to apply for insolvency.
Insolvency is not necessarily a bad thing, it has actually gotten a bad credibility in years past but in today's economy, it is using debtors a much required fresh start. Personal bankruptcy gives individuals hope; it's the light at the…Continue
Needing to apply for bankruptcy can be an extremely hard decision, one filled with tension and nervousness. A lot of everyone is interested in the consequences of filing Century Law Firm yelp and the reaction they get from their peers and family members. Often one's financial resources can spiral out of control and personal bankruptcy can often be the best solution and implies to a new beginning.
Just what is…Continue
You owe taxes to the Irs (IRS). To make matters worse you discover the Internal Revenue Service has actually put a tax lien on your home with the county recorder's office. What can you do? Is the tax lien dischargeable in personal bankruptcy?
Under 11 U.S.C. A A 507 and A 523, the list below taxes are dischargeable in personal bankruptcy if:
1) The return was last due a minimum of 3 years prior to the personal bankruptcy petition was submitted;
2) The tax claim was…Continue