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Taxes were due prior to filing. They are discharged right?

Archive for September, 2013

Taxes were due prior to filing. They are discharged right?

Taxes were due prior to filing. They are discharged right? The answer is, it depends. Taxes and their dischargeability depend on the type of taxes, what tax year they are form, when they were filed, when they were assessed and whether they are now secured by any real estate. We will discuss the most typical […]

Can’t everyone do a Chapter 7 or a Chapter 13?

Can’t everyone do a Chapter 7 or a Chapter 13? The simple answer is no. The eligibility for a Chapter 7 is based on several things: Median Income for Household Size – The median income determines what a Debtor or Debtors can file a bankruptcy. Median income is determined by household size. The following is […]