IRS debts can be extremely problematic. Paid, or unpaid, income taxes are common IRS debts. Even though a debtor owes only a few hundred dollars, it may feel like a heavy financial burden. Fortunately, filing for bankruptcy is a simplified way to stop IRS harassment like this. It can be a viable option for resolving…
1- Bankruptcy is only for a company’s financial problem This should not necessarily be the case. Serious debt problems such as excessive credit card debt, outstanding medical bills, foreclosure, lawsuits, repossession, and garnishment, can easily be addressed in a Southern District of Florida Bankruptcy court process. 2- All my debs are included Unfortunately, there…
Bankruptcy can help resolve problems associated with personal or corporate finances. Once you file a Bankruptcy petition through an experienced Bankruptcy Attorney Miami Lawyer, it generally provides additional time to solve financial issues but the most obvious impact is that it yields immediately debt relief and helps stop those harassing phone calls from creditors. Here…
Florida residents may be interested in a Chapter 13 bankruptcy case involving a creditor with a lien on a debtor’s property due to unpaid property taxes. The creditor was denied the ability to collect as part of the bankruptcy claim due to specific filing rules on filing a proof of claim for Chapter 13 cases.…
Some Florida residents might believe that student loans cannot be discharged in a bankruptcy. While this is generally true, there are some exceptional circumstances in which it may be possible to get loans discharged by the government. For example, student loans may be discharged if the school closes or engages in fraudulent activity. In the…
Chapter 13 Bankruptcy Florida Based on a case that occurred in another state, a Chapter 13 Bankruptcy Florida trustee is unlikely to be allowed to retroactively change a Chapter 13 payment plan so that it matches an allowed creditor’s claim. A judge for the U.S. Bankruptcy Court for the Southern District of Texas ruled that…
When individuals or married couples in Florida face financial challenges, they may decide to look into bankruptcy as one among many options for debt relief. Depending on their circumstances, they may opt to file for Chapter 13 bankruptcy which permits them to keep their property as long as they continue to make payments on their…
A case involving a felon in prison recently came before a state bankruptcy court. The individual filed for chapter 13 bankruptcy, but the court denied his request since he was making only about $14 per month, which came from the Illinois Department of Corrections. This amount was determined to be insufficient for entering into the…
Florida residents may understand that collections activity on a credit report is not ideal. However, they may not know that such activity may not necessarily stay on their credit report for a full seven years. This may be true if the account in question does not belong to the person who a collection agency is…
Florida residents may have heard about a Supreme Court case regarding bankruptcy and the Fair Debt Collection Practices Act. The question before the court is whether a proof of claim filed in bankruptcy court violates that act if a debt buyer or collector knows that the statute of limitations has expired. It is standard practice…
