As discussed in one of our previous blog posts, Chapter 13 Bankruptcy can be a very powerful tool to solve a fairly wide variety of financial problems. One of the more common uses of Chapter 13 is to solve tax…
In an effort to avoid a foreclosure on a home, many homeowners look to short sales and loan modifications. While it is true that short sales and loan modifications can help prevent foreclosures, they can produce nasty surprises come tax…
When most people think of the concept of “bankruptcy”, they usually are thinking of Chapter 7 bankruptcy, which is the more common type of bankruptcy filing. In Chapter 7, the debtor is required to turn over non-exempt assets (if any)…
In a 1789 letter to the French scientist Jean-Baptiste Leroy, Benjamin Franklin observed that “in this world nothing can be said to be certain, except death and taxes.” Perhaps along those lines, most people assume that taxes cannot be discharged…