The discharge of debts is central to bankruptcy. So you need to know when you don’t get a discharge at all or don’t discharge certain debts. Last time we described bankruptcy discharge as the legal, permanent elimination of debts. Today we talk about the exceptions to this ... Read More »
Mistakes to Avoid–Selling Your Home Because You Owe Income Taxes
If you owe a bunch of income taxes, and have a tax lien on your home, it’s tempting to try to fix everything by selling your home. This series of blog posts is about how to make better decisions about selling your home when under pressure from your creditors. Some of the biggest ... Read More »
Making Sense of Bankruptcy: How Can Bankruptcy Write Off My Debts?
If I legally owe debts, and maybe even have a court judgment saying I do, how can bankruptcy wipe away those debts and erase that judgment? Here’s the sentence that we’re explaining today: If you are legally obligated to pay a debt, and even if you have had a court confirm ... Read More »
How Bankruptcy Handles . . . Income Taxes that Your Ex-Spouse Isn’t Paying and You Can’t Write Off
If your divorce decree says your ex-spouse must pay jointly owed taxes but isn’t, how do you protect yourself from the tax creditor(s)? In our last blog post we explained that: A divorce court’s decree that orders your ex-spouse to pay income taxes which the two of you owe ... Read More »
