The Bankruptcy Process
Bankruptcy is an extremely complicated process. It involves a proceeding in Federal Court. There is a Trustee appointed to administer either your assets or payments that you make on behalf of your creditors. The Trustee is appointed by the court to review all aspects of your case to make sure everything has been done correctly, […]
Dischargeability of Taxes
There are many types of taxes imposed on people and companies. Some of these taxes are never dischargeable in bankruptcy, and others may be. For example, a tax that you have collected on behalf of someone else is never dischargeable. So sales taxes which you collect on the sale of an item is paid by […]
Alimony, child support and equitable distribution
After a couple have a child, whether they are married or not, there is a financial responsibility that comes with that event. If the couple separate or divorce, and there is a court proceeding in the family court, if there was a marriage, there may possibly be alimony and equitable distribution awarded. Alimony puts the […]
Affording a Chapter 13 bankruptcy payment plan
One of the main issues of a Chapter 13 bankruptcy payment plan is the Debtors ability to pay the trustee every month. In a Chapter 13 bankruptcy, you are required to repay certain debts to the bankruptcy trustee So, if you are behind on your mortgage, once you file your Chapter 13 bankruptcy, you are […]
