There are several things you can do. First, you may be able to defer your student loans. Second, if you cannot do that there is a chance that you may discharge your student loans through bankruptcy. Third, it may be a good idea for your husband to file "innocent spouse." This may include you two filing separately. It's an excellent idea for you to talk to someone who is both a tax attorney and a Certified Public Accountant. You're in luck, I am that. I am also in Eagan, Minnesota, a suburb of...
In the District of Minnesota steady payments for student loans, in most cases, are accepted on Schedule J. I have some experience in Chapter 13 You can call me at 651-434-7590. I'd be glad to help you.
While I agree with my colleagues that, in order to achieve what you aim for you may need to perform bankruptcy court litigation, some attorneys may charge you less than $4k, though with no guarantee of outcome.
From what I understand of your question, you are unsure what was truly owed to Macy's when you filed for bankruptcy. The filing of a bankruptcy petition, when done correctly in accordance with the law and rules, under Chapter Seven dissolves most unsecured debts, whatever the amount, under most circumstances.
There are basically three types of fees you will have to pay to file Chapter Seven. First is the fee you pay your attorney for attorney fees. This varies greatly depending on your attorney's experience, geography and several other matters. Second, there is the Court fee which you pay your attorney and he/she, in turn, pays to the Court. This varies as to which District you are filing in but is between $290 and $310. Third, is the fee you pay to the agency which gives you your Prefiling...
I agree with my two colleagues. But, if you want to make matters simple, you may want to close the bank account before you file your bankruptcy petition. However, you will have to claim that on the Statement of Financial Affairs you file with your petition.
I agree with my colleague, Mr. Potter. Furthermore, I am a Minnesota based business attorney, tax attorney and C.P.A. It can be tricky to do the necessary consolidation, but it is necessary. Remember, the corporation, if indeed, the business is incorporated, is its own entity whoever owns it. So, as you say, you will need to file one tax return with two sets of K1s. You can call me at 651-434-7590 to help you.
It's a combination of history and politics. The tobacco lobby is quite powerful. Also, back in the 1600s Britain may not have invested in settlements like Virginia if not for the profitability of tobacco.