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

Congratulations To Our 2019 Scholarship Winner!

October 21, 2019

The Law Office of Michael A. Ziegler Debt Fighters is pleased to announce the winner of the Financial Planning Scholarship to Elizabeth DeFazio!

What Happens to Your Credit Cards After Bankruptcy?

August 20, 2019

There are a lot of aspects to consider when filing for bankruptcy. A debt collection lawyer in Tampa, FL can ensure you know what to expect. Call us today about your case.

Medical Bills and Your Credit Score

July 23, 2019

Credit scores are affected by many different things. If you find yourself in debt, a debt collection lawyer in Tampa, FL can help you through it. Call today.

The Role Debt Plays in Poverty

May 27, 2019

If you or someone you know is struggling financially, a debt harassment lawyer in Tampa, FL may be able to help. Call Ziegler Diamond Law: Debt Fighters today.

Managing Money and Marriage

May 27, 2019

Call Ziegler Diamond Law: Debt Fighters today for their insight into bankruptcy and managing money in a marriage.

Changing Your Mindset About Money

May 26, 2019

If you’re suffering from debt, a debt collection lawyer in Tampa, FL can help. Call today to discuss your financial options.

Recoupment Bankruptcy and Creditors’ Rights

May 26, 2019

Bankruptcy could be an option for your busriness, it is wise to meet with a bankruptcy lawyer in Clearwater, FL to discuss your options. Contact us today.

Bankruptcy For Small Business

May 26, 2019

Business bankruptcy can be an option in some cases. A bankruptcy lawyer in Tampa, FL can discuss your options and create a plan. Contact us today.

Different Types of Bankruptcy

April 17, 2019

There are multiple types of bankruptcy, and you may want to discuss your options with a chapter 13 bankruptcy lawyer Tampa, FL trusts. Contact us today.

Will I Lose My Home In Chapter 7 Bankruptcy?

April 17, 2019

If you’re considering bankruptcy, you would be wise to discuss your situation with a foreclosure defense lawyer Tampa, FL before you move forward. Call us today.

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