Avoiding tax problems in bankruptcy: Title 11 of the United States Bankruptcy Code states that a person cannot be taxed for debts discharged through Chapter 7 or Chapter 13 bankruptcy. Removing a judgment lien from a home: Filing bankruptcy does not automatically remove a lien on a home. Additional steps must be taken.
The Bankruptcy Group also specializes in non-bankruptcy alternatives, including assignments for the benefit of creditors, out-of-court workouts, receiverships, and state court liquidations. In collaboration with Polsinelli’s top-ranked health care practice, The Bankruptcy Group provides a special focus on distressed health care.
Learn about some special bankruptcy rules that apply to military members. By Baran Bulkat, Attorney. If you are in the military, you have the same right to file for bankruptcy relief as a civilian. In fact, active-duty military personnel and disabled veterans enjoy certain benefits over non.
· Partnerships and corporations file bankruptcy under Chapter 7 or Chapter 11 of the bankruptcy code. Individuals may also file under Chapter 7 or Chapter 11. For additional tax information on bankruptcy, refer to Publication 908, Bankruptcy Tax Guide and Publication 5082, What You Should Know about Chapter 13 Bankruptcy and Delinquent Returns (PDF).
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Student Loans as "Special Circumstances" to overcome 707(b)(2) presumption of abuse. There is no mention of student loan debts in 11 U.S.C. §507(a) and therefore, there is no statutory basis for treating such debts as priority debts under the Bankruptcy Code.
Getting a Car Loan after Bankruptcy. It can be difficult to build your credit back up following a setback like this, but getting a car loan after bankruptcy is possible. A bankruptcy car loan is a good way to help your credit recover once you’ve received a discharge from a Chapter 7 or Chapter 13.
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· Want to file for Chapter 7 bankruptcy? Upsolve attorneys help people in 48 states file for Chapter 7 bankruptcy for free. If you’re want to know how to file for Chapter 7, our bankruptcy software will guide you step-by-step. Pro bono lawyers will review your forms.
He was widely credited with saving the company from bankruptcy by persuading Congress in 1980 to. who came down to the.
Special Feature Codes The following is a list of Fannie Mae’s published special feature codes (SFC) applicable to delivery of single-family mortgage loans. Lenders should also review their Master Agreement or individual negotiated contracts to determine if other SFCs are required at delivery.
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