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.

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Debt Collectors Made Big Profits While You Were Stuck at Home

July 14, 2020

While you were stuck at home, debt collectors saw fish in a barrel to collect on past due balances While so many consumers and small businesses are fighting tooth and nail to stay afloat, a survey from Prodigal Technologies, Inc, indicates that more than half of Debt Collectors outperformed their pre-COVID metrics. Prodigal’s press release on their survey attributes several factors to the uptrend, but one factor in particular for successful debt collection firms was that they were better able to track borrowers while consumers were stuck at home with Safer-at-Home orders. This data should be an important point for… Read More

What Happens to Your Credit Cards After You File for 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 The Law Office of Michael A. Ziegler, P.L. today.

Business Bankruptcy and Creditors’ Rights: What is Recoupment?

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 Options for a Small Business

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 If I File for Chapter 7 Bankruptcy?

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.

FAQ: Will Filing for Bankruptcy Stop a Foreclosure On My Home?

February 21, 2019

It is important to seek expert legal help from a qualified foreclosure defense lawyer Tampa, FL trusts if you are facing foreclosure. Contact us today.

FAQ: Chapter 7 VS Chapter 13 Bankruptcy: Which Should I Follow For?

If you are thinking about filing for bankruptcy, contact a knowledgeable chapter 7 bankruptcy lawyer Tampa, Fl relies on to help assist you. Call us today.

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