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The Exceptions to the Discharge of Debts

July 24, 2017 by Chris Kane

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 »

Filed Under: Discharge of Debts Tagged With: discharge, discharge debts, discharge of claims, discharge of debts, discharge taxes, dischargeable taxes

Mistakes to Avoid–Selling Your Home Because You Owe Income Taxes

September 21, 2015 by Chris Kane

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 »

Filed Under: Real Estate, Tax Debts Tagged With: dischargeable taxes, disposable income, income tax lien, income taxes, priority debts, tax returns

Making Sense of Bankruptcy: How Can Bankruptcy Write Off My Debts?

May 20, 2015 by Chris Kane

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 »

Filed Under: Discharge of Debts Tagged With: automatic stay, bankruptcy laws, discharge, dischargeable taxes, Supremacy Clause, U.S. Constitution

How Bankruptcy Handles . . . Income Taxes that Your Ex-Spouse Isn’t Paying and You Can’t Write Off

March 4, 2015 by Chris Kane

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 »

Filed Under: Divorce Tagged With: Chapter 13 plan, dischargeable taxes, discharging taxes, divorce debts, nondischargeable debts, priority debts

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