Are Income Taxes Dischargeable in a Bankruptcy Case?

Posted by David McFarlin on Apr 19, 2017 5:00:15 PM

The Internal Revenue Service will frequently assert a claim for unpaid income taxes and be one of the largest creditors in a chapter 7 case. Therefore, many individuals considering a bankruptcy case inquire about the dischargeability of income taxes.

Here are the rules you need to know:

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Topics: Bankruptcy, Income Tax Discharge

What Rights Do Secured Creditors Have?

Posted by David McFarlin on Feb 24, 2017 11:11:01 AM

Secured creditors will typically inquire about what they must do to be able to enforce their security interests or mortgage interests against property that is involved in a bankruptcy case.

Read on to find out what help is available for secured creditors in bankruptcy cases.

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Topics: Bankruptcy

Can I File Bankruptcy and Keep My Car?

Posted by David McFarlin on Nov 29, 2016 1:28:21 PM

Frequently, my clients asks if they can keep their vehicle in a chapter 7 bankruptcy case. The answer is – it depends. 

In a Chapter 7 bankruptcy case,  a has three general options for dealing with a motor vehicle that is subject to a security interest, and as with almost everything in life, there are advantages and disadvantages to each of these options.

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Topics: Bankruptcy

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