What Are the Bankruptcy Exemptions for Chapter 11 and Chapter 13?
Each form of bankruptcy works in its own way, with Chapters 7, 11, and 13 differing from one another substantially. One of the biggest differences is how exemptions are applied when it comes to your personal property. What are the bankruptcy exemptions for Chapter 11 and Chapter 13? Chapter 11 Filing for Chapter 11 means…
Using Bankruptcy to Manage Your Tax Burden: Is It Possible?
Can you use bankruptcy to manage your tax burden? Heavy tax burdens, whether it is past due state taxes or taxes due to the Internal Revenue Service (IRS), are stressful for any consumer. For most cases of tax debt, you cannot discharge those taxes through bankruptcy. While this sounds discouraging, you still have options for…
Seven Things Not to Do Before Filing Bankruptcy
If you intend to file bankruptcy, there is plenty more that you have to do other than hiring an attorney and filling out some forms. There is also plenty NOT to do. What you do (and more specifically, what you don’t do) prior to officially filing is critical. Doing the wrong thing could result in…
After Bankruptcy: What Steps Should I Take First?
What steps should you take after bankruptcy? You have finished your bankruptcy proceedings – now, your debts are either discharged, or you are going through the court-designated repayment program. Regardless, you have been given a fresh start with your finances, which means that you need to play it smart. A large majority of those who…
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