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

Filing Bankruptcy? 8 Things You Need to Know

June 30, 2014

Filing for bankruptcy is a difficult decision. There are a number of things to consider. Call Now For a Free Case Evaluation Clearwater: (727) 538-4188.

Loan Modification 101: Don’t Lose Your Home

June 20, 2014

The Florida real estate market is starting to show some signs of stability. However, not everyone is out of the woods. Call Us: (727) 538-4188.

Steps for Finding an Exceptional Attorney

May 30, 2014

If you looking for an attorney, chances are you already have enough to worry about and do not need the additional stress of hunting for the right lawyer.

Understanding Time-Barred Debts

May 20, 2014

Simply put, time-barred debts are debts that can no longer be collected through suing the debtor because a certain amount of time has passed.

What Is An Automatic Stay In Bankruptcy?

April 14, 2014

A recent Tampa Bay Times article reports on a Palm Harbor couple who has filed for bankruptcy a stunning 14 times between 2002 and 2013.

7 Ways to Stop Harassment from Debt Collectors

March 21, 2014

Most debt collectors have you on an automated dialing list, so if you send them either a fax or other written document. Call Us: (727) 538-4188

Capital One Debt Collection…Might Come Knocking on Your Door

February 23, 2014

Just about every modern credit card comes with a cardholder agreement that is the size of a short novel. Call Us: (727) 538-4188.

Foreclosure Icon David J. Stern may be Disbarred in Florida

November 10, 2013

Firm and its iconic managing partner were the topic of controversy during their high point, both for their legal practices and for their lavish indulgences.

Husband Ordered to Pay Over $23 Thousand – Overturned

October 7, 2013

So unless the loan has been refinanced or modified, both spouses are still legally responsible to the bank in a foreclosure if the loan falls behind.

FCCPA Claim not Compulsory Counterclaim to Foreclosure

September 12, 2013

the Fair Debt Collection Practices Act (“FDCPA”), and held that debt collection violations that occur during a foreclosure case.

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