Planned bankruptcy or default

As said the presumption for most items is 90 days and $600. If they are small amounts and it has been 90 days you should be in pretty good shape. ...

How long will it take for the bank to foreclose on our home that was listed in a bankruptcy once we stop making payments?

It is difficult to say. I've had clients stay in their houses for ridiculous lengths of time and others foreclose relatively quick. I would stay...

Is there a way to negotiate federal IRS taxes owed because of circumstances relating to paying off credit card debt that had a

If you write a letter to the IRS, oftentimes you can get penalties abated. I have never seen the IRS abate interest. The Offer in Compromise is...

I am filing chapter 7 bankruptcy if I owe fed taxes does it go on Schedule E?

You will put the student loans on the general unsecured debts on schedule F. The income tax at this time is a priority tax on schedule E. Yet,...

How do I collect a debt in Florida. The amount owed is 2,500.00

You may need to sue. You should be able to sue in small claims court. Try and send a demand letter first. If you are a corp/LLC/some other...

In Ch 7 bankruptcy, I am still in school and will be for another year. I am filing bankruptcy.

You will put the student loans on the general unsecured debts on schedule F. The income tax at this time is a priority tax on schedule E. Yet,...

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I need to sue a person who owe me $6.000.00 since 2010. He file for bankruptsy in 2011. He live in Miami,Florida,I live in N.Y.

If he filed bankruptcy, you have a serious issue if you attempt to collect. You would have had to have filed an adversary proceeding claiming...

Spouse paid $1 to his Dad for a sailboat during marriage. There is a bill of sale. Is sailboat a gift or marital asset?

From a tax standpoint, it would be a gift. At that point, the father would have to pay gift tax. If he did not and it was deemed an actual sale. ...

I just received notice of final tax forclosure on my house can they do this when I have 2 mortgages also on my home that = more?

The tax district can foreclose a home. Property taxes are generally paid before the mortgage companies. Oftentimes, the mortgage company pays the...

It is my understanding that it is not income for the means test. It is tantamount to taking money out of savings and taking money out of savings...