Each debtor in a Chapter 13 was entitled to debts within the debt ceilings for Chapter 13 eligibility according to a recent bankruptcy decision out of Kansas called Dana Werts. That effectively doubled the amount of debt a married couple could have and still meet the debt limits of Chapter 13. Judge Karlin recognized that a […]
Catch tax deductions in Chapter 13 payments
It’s tax season: don’t forget to write off the deductible expenditures made by your Chapter 13 trustee on your tax return. Many Chapter 13 plans are paying mortgage arrears (which are almost exclusively deductible interest), taxes of some sort, or business expenses. These items should be deductible to you. You can get a report from […]
- « Previous Page
- 1
- …
- 3
- 4
- 5
