Income tax can, in some instances, be discharged in a personal bankruptcy. In order for income taxes to be dischargeable, the tax returns had to have been filed at least two years prior, and the same amount of time would have to have gone by before they can become dischargeable.

Income tax can, in some instances, be discharged in a personal bankruptcy. In order for income taxes to be dischargeable, the tax returns had to have been filed at least two years prior, and the same amount of time would have to have gone by before they can become dischargeable.

What Are The Exemptions For Bankruptcy In Florida?

In a Chapter 7 case, in order to obtain the benefit of the discharge, meaning the wiping out of the debt, the tradeoff that the federal government has set is that a consumer is limited on the amount of assets they can keep. The exemptions are the list of property that comes from state and federal law, which says which things you are allowed to keep. In Florida, the abbreviated list includes your homestead or primary residence, a certain allowance of personal property, which includes basic household goods, a limited allowance of vehicle equity, retirement funds, and some other assets. In cases outside of Chapter 7, such as Chapter 13, you are allowed to keep all of your assets, but the exemptions may affect your monthly repayment plan.

Debt Relief Attorney: Bankruptcy, Debt Settlement, & Other Legal Services In Florida

Ways To Save Money On Home Expenses

March 10, 2017

Better financial management begins in the home, where you at spend money each day without realizing what you are spending.

Real Life Horror Stories of Debt Collection Harassment

March 6, 2017

Here are some real life horror stories of collection company harassment. Call Now For a Free Case Evaluation Clearwater: (727) 538-4188.

The Basic Difference Between Chapter 7 and Chapter 13

February 27, 2017

The word bankruptcy is reacted to differently by everyone. To some, it is a beacon of hope that means you will never have to pay your bills again

What Happens When Your Business Declares Bankruptcy?

February 24, 2017

There are several types of bankruptcy processes and very often, due to the complexities involved, a bankruptcy attorney is needed.

Buying a Home After Bankruptcy

February 20, 2017

Bankruptcy is a complicated topic for most people, which is why people in debt are looking for a law office near me. Call Us: (727) 538-4188.

Can I Be Put on a “Wall of Shame” or “Blacklist” for Not Paying My Bill?

February 17, 2017

When it comes to the law, can I be put on a blacklist or Wall of Shame for not paying my bill? CALL NOW FOR FREE CASE EVALUATION Clearwater: (727) 538-4188.

Keeping Your Cool when Talking to Debt Collectors

February 13, 2017

this debt collection advice for dealing with debt collectors so that you don’t lose your cool and potentially risk your case.

A Fiscal-Friendly Valentine’s Day

February 12, 2017

Valentine’s Day, don’t break your budget by overspending. Call Now For a Free Case Evaluation Clearwater: (727) 538-4188.

Wells Fargo Lawsuit is the Perfect Example of TCPA Violation

February 6, 2017

People hear about debt collection harassment, but not many people realize just how much trouble a debt collector can get into by exhibiting this behavior.

Tips for a Successful Bankruptcy Experience

January 27, 2017

When you are in financial strains and filing for bankruptcy, you want the process to go as quickly as possible. Call us: (727) 538-4188.

Clearwater: (727) 538-4188 Tampa: (813) 225-3111

Mt. Dora: (352) 600-1326

Blog

CLEARWATER LOCATION

(727) 538-4188

TAMPA LOCATION

(813) 225-3111

ALTAMONTE SPRINGS LOCATION

(352) 600-1326