We Don’t Arrest People For Not Paying Debts

This fake arrest warrant is wrong in so many ways.

Repeat after me: we don’t jail people for debt.

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More on scams and scammers

We’re from the IRS and we’re here to help

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Dividing Debts At Divorce: What You Need To Know

The division of the debts of a failed marriage, however carefully crafted at divorce, can be utterly destroyed if one of the former spouses files a Chapter 13 bankruptcy. A Chapter 13 discharge is double barreled.  It will eliminate the debts that the filing spouse owes to creditors.  It also wipes out any obligation to the…

Four Factors Drive What You Should Pay For Bankruptcy

When you’re flat broke and thinking about bankruptcy, cheaper sure looks better. If a lawyer will do your Chapter 7 for $600, what’s the point of paying $1000? Or even $2000? Like answers to many legal questions, it depends. Bankruptcy relief depends on your facts Whether to file bankruptcy, or whether to file now, rather than later,…

How To Wipe Out Tax Penalties In Bankruptcy

Tax penalties seem like a further insult when you’re having trouble paying the tax itself. Everything seems subject to an additional penalty:  failure to file timely;  failure to pre pay sufficiently;  failure to be accurate. They mount up quickly, often equaling the unpaid tax. Bankruptcy can not only eliminate your liability for certain taxes, it…

How To Keep Your Money Away From The Bankruptcy Trustee, Legally

Getting a check from the government isn’t necessarily a great thing. Not when it’s the government returning YOUR money as a tax refund.  You’ve struggled without the money for a year while Uncle Sam used it without interest. But it’s even worse when you’ve filed bankruptcy during the tax year, and come April, the bankruptcy…

Debts To The Government: Can They Be Wiped Out

It’s easy to assume that debts owed to the federal government can’t be discharged in bankruptcy. Easy, but wrong. Just because the creditor is Uncle Sam doesn’t mean the debt can’t be wiped out in bankruptcy. In fact, debts to the government range from freely dischargeable to not-in-this-lifetime nondischargeable. Honesty required for discharge To be…

8 Essential Tasks To Maximize Your Bankruptcy Fresh Start

 Got your bankruptcy discharge?   The end of the bankruptcy case is the start of your new financial life. Now, you’ve got work to do to maximize that fresh start. Save your bankruptcy papers The bankruptcy schedules listed everyone you owed money to when you filed.  Those creditors got notice of your case. The discharge…

How Californians Can Leave A Legacy, Despite Debts

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Seniors in California enjoy stout protections against collection actions by their creditors. Those protections often make it unnecessary for a debt laden senior to file bankruptcy. But no one talks about one consequence of relying on exemption law to fend off creditors. California exemption laws that  fully protect the assets of seniors provide no protection to the heirs….

Are You Stuck With The Lawyer Who Filed Your Bankruptcy Case?

Your bankruptcy case is filed.  It’s not going as smoothly as you expected. In fact, you’re worried you’re going under. Can you change bankruptcy lawyers after your case is filed? Certainly, you can always fire your lawyer.  It may be disruptive.  It will certainly cost more money. To decide you need to know how big…

What Your Bankruptcy Lawyer Can’t Tell You

I can tell you a secret about bankruptcy law to make your case easier that your real bankruptcy attorney can’t. Bankruptcy reform in 2005 tried in a number of ways to discredit and gag lawyers from helping debtors. One of those additions to the Bankruptcy Code prohibits lawyers from advising those filing bankruptcy from incurring new debt….