Category Archives: blog
Some income taxes can be discharged in bankruptcy
Income taxes that are more than three years old can be discharged in bankruptcy. In addition to the due date being more than three years ago, you must have filed your returns at least two years prior to the filing … Continue reading
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Can I modify the terms of my home mortgage in bankruptcy?
While bankruptcy law allows you to modify and lower the payments on your car, the law does not allow you to modify the terms of the mortgage on your primary home. There was a recent push in Congress to allow … Continue reading
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Waiting period between Chapter 7 bankruptcies is eight years
I often have many of my clients tell me that they heard you can file Chapter 7 bankruptcy once every seven years. This is incorrect. Prior to the 2005 law change, the waiting period was only six years. After 2005, … Continue reading
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