Bankruptcy

(c) Can Stock Photo When a people file for bankruptcy, they are required to include all debts, regardless of the amount of money owed, to whom it is owed, and regardless whether the property securing the debt is needed for their livelihood.  But, what if the debtor...

If you have substantial medical debt, but know that you will incur additional medical expenses (or other debts) soon, it may make sense to postpone filing for bankruptcy. The reason is that a bankruptcy case will only discharge those debts incurred as of the date the...

Is it possible to discharge federal income tax debt in a Chapter 7 bankruptcy case?  The answer falls in the realm of “sometimes” and “it depends”. A Chapter 7 bankruptcy is a “no asset bankruptcy”. A person is eligible for bankruptcy under Chapter 7 of the Bankruptcy...