Are Late-filed Tax Returns Dischargeable in Bankruptcy


Posted on December 14, 2016 by .

Some not-so-clear amendments to the bankruptcy code in 2005 have opened the door to widely varying interpretations, resulting in different courts around the country issuing different opinions about whether income tax debt on a late-filed tax return can ever be discharged in a Chapter 7 bankruptcy.  The IRS says that in order for a tax […]

What taxes can I discharge in bankruptcy?


Posted on August 19, 2016 by .

It is true—certain taxes can be discharged in chapter 7 bankruptcy.  The bankruptcy code allows some individual income tax debt to be wiped out forever if a few requirements are met. I talk about this on this YouTube video. 3 Year Rule First, the tax return must have last come due at least 3 years before […]

How to Give Great Gifts without Going Broke


Posted on May 1, 2016 by .

Set a Budget How many times have you gone shopping for a gift not knowing exactly what you wanted to buy? Next thing you know you’re checking out with a $50 something-or-other that you’re not super excited about but purchased because you didn’t want to be too cheap but also because you figured at that […]

Debt Collection FAQs


Posted on April 1, 2016 by .

If you’re behind in paying your bills, or a creditor’s records mistakenly make it appear that you are, a debt collector may be contacting you. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the Fair Debt Collection Practices Act (FDCPA), which prohibits debt collectors from using abusive, unfair, or deceptive practices to […]

Wall Street Journal: White House Floats Bankruptcy Process for Some Student Loan Debt


Posted on March 12, 2016 by .

WASHINGTON—The White House is weighing steps to make it easier for Americans to expunge certain student loans through bankruptcy, opening the door for student debt made by private lenders to be treated on par with credit-card debt and mortgages. Read the Full Article –>

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