Student Loans are one of the biggest debt problems many people face today. The Consumer Financial Protection Bureau offers a Student Loan Repayment Tool. This tool is easy to use and can help you review your options to get control of your student loan debt.
Elizabeth Chinault and Wayne Novick are in New Orleans at the National Association of Chapter 13 Trustees annual conference. We are here to learn more and learn how to help our clients do better in Chapter 13s
Taxes are a complicated issue in the bankruptcy world. Some income taxes are discharged after three years. Some taxes are not discharged at the end of your bankruptcy. However if you file a Chapter 13 bankruptcy you may be able to discharge some of the older income tax debt and then design a plan that will pay off any remaining taxes over a five year time period.
In a Chapter 7 bankruptcy you can only discharge income taxes that are more than three years old from the time they were due (along with some other requirements). All other taxes will pass through the Chapter 7 bankruptcy and you will still owe them. You will then have to deal with the taxing authorities directly.
A typical problem facing individuals who are contemplating filing for bankruptcy is how to pay their attorney fees and the court costs associated with filing. We often hear: “I have no money so how am I supposed to pay you?”
A typical bankruptcy case in Ohio can cost an individual a minimum of $1,000.00 or more to file. This makes it difficult to file bankruptcy for a lot of people.
There are many advantages to filing a Chapter 13 bankruptcy if you own a home. There are ways to protect your home, stop foreclosures, remove liens and catch up back payments. These advantages often make Chapter 13 the better option over filing a Chapter 7 when you own your home.
There are many advantages to filing a Chapter 13 bankruptcy if you own a car. There are ways to protect your car in Chapter 13 from your creditors. There are advantages in a Chapter 13 over a Chapter 7 for the owner of a car
THE ADVANTAGES OF FILING CHAPTER 13
Should I file bankruptcy? What are the advantages of a bankruptcy filing? Which bankruptcy should I file. Below are some of the advantages of filing a Chapter 13 bankruptcy.
Many times people leave their homes as soon as they receive a foreclosure notice. This is the wrong thing to do. Stay in your home People are scared and afraid of the notice. They are afraid they will not have a place to live.
On October 5 2009 Wayne Novick will appear on cable TV live call in show You and the Law from 7 to 8. It will be on Channel 20 Please feel free to call in with any questions This show will repeat through the week and month