Can we file for bankruptcy chapter 7 if we have more than a million in income tax debt? Can it be discharged ?

There is no debt limit for a chapter 7 bankruptcy. Regardless of the amount of tax debt, a person may be eligible for a chapter 7 bankruptcy. ...

If someone owes arrears and is paying garnishments out of their paycheck, can the court also seize their bank accounts?

Creditors do have to choose only one method of debt collection in an attempt to get a judgment paid. Once a creditor obtain a judgment, it may...

How can I reduce amount about debt collection money ?

If you had only one debt and the money available to settle, settlement may be a good option. Oftentimes my clients call about a single debt but...

Can creditors take money that my father Willed to me as I am a beneficiary and will get the money 9 months from his death in NJ?

Inheritances are not immune from the grasps of creditors. The good news is that the Bankruptcy Code serves to fair to both creditors and debtors. ...

Although the IRS typically waits three years to file a lien, it may file a lien in accordance with Internal Revenue Regulation 301.6323(f)-1 at any...

Once an Answer is filed the initial disclosures are to be exchanged and the court expects the parties to agree to a joint scheduling order and an...

Chapter 7 discharged case still open?

The stay as to property of the estate continues until the property is no longer property of the estate (for instance, after the chapter 7 trustee...

All income, whether it is reported or unreported, direct deposited or paid in gold coins, must be disclosed in the bankruptcy petition.

What course of action for a 21 year old lien after bankruptcy ?

This likely is not as complicated as it may appear. I recommend sending a copy of the discharge order to the title company. I expect that the...

IIf a student loan is in collections, can it be discharged in a chapter 7 bankruptcy?

In nearly all circumstances, student loans, whether owed to a collection company or the original lender, are exempted from discharge in bankruptcy....