If you owe too much debt but still need Chapter 13, “Chapter 20” may be your best solution. How Much Is Too Much Debt? Chapter 13 “adjustment of debts” has debt limits. A person or couple can’t be in a Chapter 13 case with more than $394,725 in total unsecured ... Read More »
Consequences of Voluntarily Dismissing Your Chapter 13 Case
An advantage of filing a Chapter 13 case is that you can get out of it if your situation changes. But you must consider the consequences. The Handy Right to Dismiss A Chapter 13 case usually takes three to five years to complete. So it involves projecting your income and expenses that far out ... Read More »
How Bankruptcy Handles . . . Paying Both Income and Withholding Taxes for a Business Owner through Chapter 13
If you owe too much in taxes, a Chapter 13 case can protect your small business while you write off some and pay some of the taxes. Two weeks ago we explained how a Chapter 13 three-to-five-year “adjustment of debts” case can help a business owner who owes both income taxes and ... Read More »
