There is a difference. The borrower has more rights under the Government Student Loan programs. They usually pay less interest. There are programs designed to
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.
People are always asking “Will my credit score be better if I do a short sale as opposed to let the house sale at a foreclosure sale. The answer is not really.
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.
Often times people are hesitant to contact an attorney or consider bankruptcy when they own a business. They are concerned that by filing a bankruptcy,
The National Association of Bankruptcy Lawyer along with several other Consumer groups is trying to get the Obama Administration to work with the Mortgage industry
The answer to this question varies significantly depending on your individual circumstances. Most of the time, the best answer is “as soon as possible.”
The Supreme Court recently upheld the Debt Relief Agent portion of the Bankruptcy Reform Act of 2005, It Further upheld the advertising requirement for all
Often times people are hesitant to contact an attorney or consider bankruptcy when they own a business. They are concerned that by filing a 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.
We have now beome a member of the Debtors Counsel Loss MItigation Web Portal. This should help us provide better contact with the mortgage modification departments.
You can watch my appearance on You and the Law by following the link http://www.datv.org/you_and_the_law.html One hour discussion on many bankruptcy topics
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
