Archived
I accepted an “Innocent Spouse” request by my wife and the IRS ok’d it. I now have a tax liability of 17K.
Kevin's answer
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Answered on July 11, 2012
I agree with the previous two answers. A competent bankruptcy lawyer will know the rules for discharging tax debt. A competent bankruptcy lawyer...
Archived
Can you file for personal bankruptcy if you own a business?
Kevin's answer
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Answered on July 11, 2012
I almost never give advice through a friend or family member. It is not possible to answer your questions without knowing much more information...
Archived
Received discharge chapter 7 not much equity in home would like to vacate or sell how long do I have before foreclosure
Kevin's answer
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Answered on July 06, 2012
As others have said, it is not possible to predict how long the foreclosure process will take. There are, however, reasons to short-sell or sell...
Archived
Why do I have to report a secure credit card in chapter 7 schedules? If available credit is zero, I have no equity or value
Kevin's answer
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Answered on July 05, 2012
I agree with Mr. Lampert.
Archived
How do I re-open a no asset Chapter 7 bankruptcy which was fully discharged Nov 2011?
Kevin's answer
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Answered on July 02, 2012
Follow Mr. Lampert's advice.
I'm a cosigner on defaulted private student loans
Kevin's answer
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Answered on June 27, 2012
1. You will likely be sued in Ohio.
2. Not enough facts to determine fraud.
3. Your divorce decree/order might have created a non-dischargeable...
Archived
Make too much for Ch7. How to surrender underwater second home in FL. Will ch13 allow this?
Kevin's answer
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Answered on June 27, 2012
Don't be so sure about making too much to qualify for Chapter 7. The Means Test is quite complicated. For example, if you stop collecting rent on...
Negotiating a settlement after a writ of garnishment is already served at my place of employment.
Kevin's answer
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Answered on June 26, 2012
Jeffrey Solomon's answer is exactly what I would have said.
Archived
If the IRS and you negotiate a payment plan for back taxes, can you still file for Chapter 7 bankruptcy down the road?
Kevin's answer
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Answered on June 25, 2012
As long as you are only on a payment plan, and not an offer in compromise, the time frames for discharging taxes on measured income are not...
Selected as the best answer
When filing chapter 7 bankruptcy, does the unmarried live-in partner's income count toward the means test?
Kevin's answer
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Answered on June 25, 2012
Her income is not included in the same way as that of a spouse. However, there is a line in the Means Test for regular contributions to the...
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