By Jeff Field | Published June 29, 2017 | Posted in Chapter 7, Personal Bankruptcy | Leave a comment
Bankruptcy is intended to provide individuals with a fresh start. 11 USC 722 of the Bankruptcy Code provides one potentially valuable tool that Jeff Field & Associates can help you utilize to obtain your fresh start. Under 11 USC 722 of the Bankruptcy Code, which is available only in chapter 7 bankruptcy, you may redeem Read More
Read MoreAre Unlisted Debts Discharged in Chapter 7 Bankruptcy? There are two factors that determine if unlisted debt can be discharged in a Chapter 7 bankruptcy When you file for Chapter 7 bankruptcy, it is your responsibility as the Debtor to list all of your debts to the best of your knowledge. Any unlisted debts are Read More
Read MoreIncome taxes are dischargeable in bankruptcy under certain circumstances. The three main rules of dischargability are as follows. First, the tax must be for a tax year for which a return was due (including any extension) at least three years prior to the date of filing (the “three-year rule”). Second, the tax must have been Read More
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