by Lori Newman | Apr 28, 2016 | Bankruptcy
Most individuals are not aware that taxes can be discharged in bankruptcy. In fact, many of my clients have filed bankruptcy for the sole purpose of discharging tax liabilities. Either through a chapter 7 or a chapter 13, most old tax debt can either be...
by Lori Newman | Feb 23, 2016 | Bankruptcy
There are typically 2 types of bankruptcies an individual can file. The first and most common is a chapter 7 bankruptcy, which typically only lasts 4 months. The other option is a chapter 13. A chapter 13 bankruptcy can last 3-5 years, depending on a few factors. It...
by Lori Newman | Feb 10, 2016 | Bankruptcy
I often get asked about student loans and bankruptcy. Can the student loans be discharged in a chapter 7 or a chapter 13 bankruptcy? The answer may surprise you. They can be discharged in a chapter 7 but the debtor has a very heavy burden to proof that the student...
by Lori Newman | Nov 16, 2010 | Bankruptcy
You may be in the Chapter 13 a little longer than you think! Law school 101….. If you are starting a small business, do you run it as an sole proprietor or do you create an LLC or S.Corp? Of course, you should create a corporate entity and run your business...
