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 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 | Feb 6, 2013 | Bankruptcy
When an individual files for Chapter 7 bankruptcy and they want to keep certain debts, such as a house or car, they can typically do so by choosing to reaffirm the debt with the creditor. A properly filed reaffirmation agreement is the usually the only way a debt will...
by Lori Newman | Apr 16, 2010 | Bankruptcy
Ok, some of you may not have any idea the direction I am going here. Let’s start here: An individual files for Chapter 7, makes $75,000 a year, Household of 1, and passes the means test only because he is keeping a 2010 Mercedes S550. The balance of the car is...
by Lori Newman | Mar 26, 2010 | Bankruptcy
Many individuals that file for bankruptcy are unemployed, and by being unemployed, they qualify for a Chapter 7 bankruptcy. However, what happens if an unemployed person who files for Chapter 7 finds a job while he is still in the bankruptcy? What if he finds a great...