How To Decide Whether To Pursue Chapter 13 Bankruptcy?

Before you file for Chapter 13 bankruptcy, it’s a good idea to think about how well it may or may not meet your needs. Chapter 13 is a process that lets people make payments on reduced amounts of what they owe. There are solid reasons to pursue Chapter 13, and there are some reasons to consider other options. You can make a better decision by looking at these four issues. …

Can You Still Discharge Tax Debt In Bankruptcy If You File Late?

Tax debt that’s over three years old can be eliminated in a chapter 7 bankruptcy. However, among other requirements, the debt is only eligible for discharge if you filed the tax returns on time. There’s still value in filing old tax returns, though, and here are two reasons why you should. You’ll Reduce the Amount You Owe When you fail to file your taxes, the IRS may do it for you.…

What To Know About Lawyer Fees When Filing For Chapter 13 Bankruptcy

Bankruptcy is a great way to bail you out of your current financial challenges. However, you likely need a lawyer to get you through the process. Here are some things that you need to know about those lawyer fees that you need to pay.  The Lawyer Fees Can Be Rolled Into The Monthly Payment Plan While a Chapter 7 bankruptcy is simplified and often a flat fee that is paid up front, Chapter 13 is a little bit different with there being hourly and itemized costs.…