Your question poses a few legal issues you should work out, in addition to tax planning. First, a single taxpayer or those with the tax status of...

I represent clients in the U.S. Bankruptcy Court in all four CA federal districts. So, yes that can be done. However, the attorney must be...

"If you have owned and used your home as your main home for a period aggregating at least two years out of the five years prior to its date of...

Bankruptcy requires 100% truthful disclosures made under penalty of perjury. Bankruptcy fraud is a federal crime. So, be very careful. Yes,...

I concur with my colleague. If you just filed a chapter 7, you must wait 8 years before you can file another chapter 7 or you can file a chapter...

You need to speak to a reputable and qualified bankruptcy attorney. Why live with that debt hanging over you, costing you money every month, and...

Yes, settlements are taxable including on any attorney fees payable to your attorney. This is an issues consumer attorneys have been trying to get...

Being "judgment proof" just means you have no non-exempt assets or income at this time (things could change if you came into money or assets...

You need counsel. The IRS doesn't suspend passports. It automatically transmits a list to the State Department of taxpayers who owe more than...

I highly recommend you meet with an experienced, reputable, and qualified bankruptcy attorney ASAP. If that's a CA judgment, it gets 10% interest...