Tag Archive: Chapter 7

Writing Off Income Taxes Forever through Bankruptcy

What income taxes can a Chapter 7 bankruptcy completely write off?

THE Goal of Bankruptcy: Discharge of Your Debts

Most–but not all–debts are written off, or “discharged,” in a bankruptcy case. Is there a simple way to know what will and what will not be discharged?

Can you keep all of your stuff in bankruptcy?

You want to know: “Can I really keep everything I own if I file bankruptcy?”

Are you eligible for Ch. 7 or Ch. 13 bankruptcy?

Eligibility can turn on 1) who is filing the bankruptcy, 2) the kinds and amounts of debts, 3) the amount of income, and 4) the amount of expenses.

Lots of business debt can allow you to qualify for Ch. 7 more easily

If you owe more business debt than consumer debt, then you can avoid not only the “means test” but also some other roadblocks to a successful post-business Chapter 7 bankruptcy case.

What happens to general unsecured debt in Chapter 7?

Your “left-over debts”–those which are neither secured by collateral nor belong to any of the special “priority” categories–often don’t drive the decision about whether to file Chapter 7 or 13. But you still need to know how these “general unsecured debts” are handled under these two options.

Do you really need Ch. 13 to save your home?

When does filing a Chapter 7 “straight bankruptcy” case help you enough so that you don’t need a 3-to-5-year Chapter 13 case?

Woman with Autism Gets Student Loans Discharged

I wrote a post for the blog of fellow New Jersey attorney Matthew Stoloff, who represents clients in the areas of disability rights and special education rights.  That post appears on Mr. Stoloff’s blog here.  You can also read the full text of my post right as follows:

In the past, I have mentioned the difficulty […]

What’s involved with discharging my debts under chapter 7?

The point of filing bankruptcy is to get relief from your debts. So, when and how DO those debts get “discharged”–legally written off–in a regular Chapter 7 bankruptcy?

Debts in bankruptcy and how they’re treated

The most practical questions you likely have if you are considering bankruptcy is what it will do to each of your debts.

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Call 201-676-0722 for a free consultation with bankruptcy lawyer Jennifer Weil.