By Jeff Field | Published January 19, 2026 | Posted in Bankruptcy | Tagged Tags: bankruptcy, IRS, tax | Leave a comment
Bankruptcy Court Threatens Chapter 13 Repayment Plan Based on Failure to Set Aside Taxes
A Chapter 13 bankruptcy requires strict adherence to the terms set forth in the repayment schedule. Depending on the circumstances, a debtor might have additional obligations besides sending the ordered amount to the trustee every month. For example, courts sometimes require people with a history of tax problems to set aside money for post-petition obligations. Read More
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Bankruptcy and SBA Loans
Many budding entrepreneurs require some assistance corralling the capital needed to get a new venture off the ground. No matter how promising the concept, financial institutions are often wary about lending funds based on projected commercial revenues. Frequently, a loan backed by the Small Business Administration (SBA) is the answer. These loans, partially backed by Read More
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Change to Income-Driven Student Loan Repayment Plans Could Lead to Increase in Bankruptcies
Student loan debt has been one of the main drivers of personal bankruptcies for decades. One reason for this is the federal law that prohibits the discharge of these obligations in Chapter 7 bankruptcy unless the filer can show that repayment would pose an undue hardship on them. Various programs have been developed to address Read More
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Bankruptcy and Domestic Support Obligations
Pressing debt concerns such as money owed to credit-card companies or healthcare providers can often be alleviated by filing for Chapter 7 bankruptcy. In most cases, these types of debts can be discharged if the filing party qualifies under the means test and abides by legal directives. However, certain debts cannot be eliminated through a Read More
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Speedy Georgia Foreclosure Process Adds to Urgency for Homeowners Considering Chapter 13 Bankruptcy
Foreclosure laws vary significantly by state. One of the key distinctions is that certain jurisdictions require what is known as judicial foreclosure. This means that in order for a lender to take possession of a home, they must first file a lawsuit to do so. Not surprisingly, moving through the litigation process can take a Read More
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Can Bankruptcy Affect Your Home and Auto Insurance Premiums?
Depending on your specific situation, bankruptcy might be the best way to overcome the debt challenges that are making it impossible for you to live the life you want. When you speak with an experienced bankruptcy attorney, they can explain options such as a Chapter 7 debt discharge or a Chapter 13 repayment plan. Many Read More
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Red Flags that Might Draw the Suspicion of a Bankruptcy Trustee
Once you file for bankruptcy under Chapter 7 or 13, the court will appoint a trustee to oversee your case. The trustee is responsible for ensuring fairness and accuracy so that the interests of creditors are protected. As part of their fiduciary role, they review and verify a filer’s financial disclosures, and can investigate if Read More
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Liquidation of Dr. Phil’s TV Channel Ordered After Deletion of Text in Bankruptcy Case
Financial troubles can strike anyone, even the rich and famous. Bankruptcy is often the best way to overcome unmanageable personal or business debt, but no matter who you are, honesty and adherence to court orders are essential for those seeking a successful resolution. Dr. Phil McGraw has been a prominent television personality for decades. He Read More
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What Is the “Best Interest of the Creditors” Test in a Chapter 13 Bankruptcy?
Before filing for bankruptcy, you should speak with a knowledgeable lawyer to discuss the options available to you. For some, a Chapter 7 proceeding is the best solution because you can discharge nonexempt debts and make a fresh start. On the other hand, a Chapter 13 repayment plan might be the right choice, particularly if Read More
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Can a Bankruptcy Threaten a Filer’s Professional License?
Many people who would benefit greatly from bankruptcy protection hesitate to seek relief because of misconceptions about the process and what it means. Bankruptcy is not a punishment, but a powerful legal tool used to help individuals and businesses whose debts have become unmanageable. People from all walks of life and every type of profession Read More
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I highly recommend them the did a great job with my case and made the steps very easy they worked with me every step of the way on completing all my paperwork highly recommended them
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A few months ago, I had to file for bankruptcy, and this team made the whole process so smooth. They answered every single question I had and walked me through everything step by step. Honestly, all I had to do was sit back and let them handle it; Th...
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5.0/5.0
An exceptional bankruptcy attorney—professional, compassionate, and highly knowledgeable. They guided me through every step with clarity and confidence, easing my stress. I truly felt supported and well-represented. Highly recommend their services ...
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5.0/5.0
I was referred to Jeff Field by a co worker my experience with them was effortless after initial contact everything else flowed well. I was able to ask questions, and received answers immediately. Everything was done by email and over the phone very ...
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