AUTOMOBILE EXEMPTIONS INCREASING!
Bankruptcy automobile exemptions will soon increase
AUTO REAFFIRMATIONS NO LONGER REQUIRED
Improvements to the bankruptcy code prevent auto lenders from requiring reaffirmations.
Five good reasons to file bankruptcy
Many people are stressed out by the prospect of filing bankruptcy. These feelings are often irrational. In actuality, bankruptcy usually provides an inexpensive, and not at all unpleasant solution to your financial woes. Consider the following: It is often nearly impossible to repay debt at high interest rates. Perhaps you owe $25,000 in credit card …
Can I dismiss (meaning cancel) my chapter 13 bankruptcy?
Can I dismiss (meaning cancel) my chapter 13 bankruptcy? The short answer is “yes,” under normal circumstances you can cancel your chapter 13 at any time, for any reason. Recently, the Ninth Circuit Court of Appeals in In re Nichols, 10 F.4th 956 (9th Cir. 2021), held that a debtor could dismiss a chapter 13, even …
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Can income taxes be discharged in bankruptcy?
Can tax debts be wiped out in bankruptcy? The short answer is generally “yes” provided1. They are income tax and not some other kind of tax, 2. You filed the return, 3. They are old, and 4. You didn’t do anything to willfully evade the tax. More specifically, income taxes that are more than three …