Income tax can, in some instances, be discharged in a personal bankruptcy. In order for income taxes to be dischargeable, the tax returns had to have been filed at least two years prior, and the same amount of time would have to have gone by before they can become dischargeable.

Income tax can, in some instances, be discharged in a personal bankruptcy. In order for income taxes to be dischargeable, the tax returns had to have been filed at least two years prior, and the same amount of time would have to have gone by before they can become dischargeable.

What Are The Exemptions For Bankruptcy In Florida?

In a Chapter 7 case, in order to obtain the benefit of the discharge, meaning the wiping out of the debt, the tradeoff that the federal government has set is that a consumer is limited on the amount of assets they can keep. The exemptions are the list of property that comes from state and federal law, which says which things you are allowed to keep. In Florida, the abbreviated list includes your homestead or primary residence, a certain allowance of personal property, which includes basic household goods, a limited allowance of vehicle equity, retirement funds, and some other assets. In cases outside of Chapter 7, such as Chapter 13, you are allowed to keep all of your assets, but the exemptions may affect your monthly repayment plan.

Debt Relief Attorney: Bankruptcy, Debt Settlement, & Other Legal Services In Florida

What Your Credit Score Means?

October 10, 2016

We’ve all heard about the daunting measurement of responsibility- the credit score. Call Now For a Free Case Evaluation Clearwater: (727) 538-4188.

How to Prepare for Temporary Unemployment in Florida?

October 10, 2016

Being out of work is one of the main reasons people go into debt in America, according to our debt collection defense attorney in Florida.

How to Request Information From Debt Collector?

October 3, 2016

When debt collectors come calling, you have specific rights that need to be upheld. One of these rights is to request detailed information about the debt.

Top Reasons People Go Into Debt in America

September 30, 2016

Many Americans are in debt, and you may be surprised to know that many of them are in debt for similar reasons. Call Us: (727) 538-4188.

How Filling for Bankruptcy Affects your Home?

August 29, 2016

Most people’s prime concern when filing for bankruptcy is buying a home, or how the bankruptcy will affect your current home.

Lies your Debt Collector will Tell You

August 22, 2016

Debt collection agencies have one goal in mind- to collect the debt that is owed by any means possible. Call Us: (727) 538-4188.

Buying a Home with Poor Credit

August 15, 2016

Poor credit can have an impact, but there are steps you can take to try and beat the barriers created by bad credit. Call Us: (727) 538-4188.

Ziegler Law Firm Shares Debts not Covered by Bankruptcy

August 8, 2016

We know that debts will be resolved to some extent by declaring bankruptcy, but bankruptcy doesn’t handle everything.Call Us: (727) 538-4188.

How to Handle Phone Calls from the IRS

July 25, 2016

As local foreclosure lawyers, bankruptcy lawyers, and debt litigation lawyer, Call Now For a Free Case Evaluation Clearwater: (727) 538-4188.

How To Improve Credit Report

July 13, 2016

There are steps you can take to improve your credit report. As your Clearwater debt collection defense attorney, we at the Law Office of Michael A. Ziegler want to give you the information to get back on track and start rebuilding your credit. When your credit report is bad, you can suffer lifelong consequences. Most people have experienced debt or financial difficulty in their lifetime, and don’t know how to start over. The first step is to stay informed. Knowledge gives you power, and knowing where you stand and what you owe will give you the ability to fix it. Good Credit… Read More

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