Can Bankruptcy Eliminate Debt from Unpaid or Unfiled Tax Returns?
Bankruptcy and Unpaid Tax Returns Bankruptcy has the ability to wipe out tax debt but income tax returns need to be filed. Tax debt is subject to specific qualifications in order for it to...
Being Sued: Should a Case Be Heard in Court before Deciding to File Bankruptcy?
In most situations, it may not make a difference when you file bankruptcy. If the judgment is related to unsecured debt it is likely to get discharged. Some people may decide to file when...
5 Financial Situations Where Bankruptcy Makes Sense
Deciding to file bankruptcy can be confusing. People often choose not to file because of misleading information, lack of understanding and fear of not knowing what will happen in the future. These factors have...
When Filing Bankruptcy What Types of Income Is Reviewed on the Means Test?
What Types of Income Is Reviewed on the Means Test? The Means Test helps in determining eligibility for bankruptcy. The test gives a general idea of whether or not you have the ability to...
Can I File Bankruptcy by Myself If I Am Married?
As a married individual you can choose to file bankruptcy on your own without your spouse. It is a common question asked upon married individuals since you can file a joint petition with your...
Requirements to Complete in Order to Obtain Discharge of Debts in Bankruptcy
If you plan on filing for bankruptcy protection you'll need to review qualifications and requirements in order to obtain a successful discharge. This includes getting credit counseling with an approved government organization within 180...
What Happens to Joint Property in Bankruptcy?
Joint Property and Bankruptcy If you are considering bankruptcy protection as a married individual you may have concerns about joint property and whether or not it can be protected from creditors. The outcome of...