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 Archives

Reasons your Bankruptcy Could be Denied

January 19, 2017

If you are struggling and filed for bankruptcy,there is a chance that bankruptcy claim could be denied. Call Us: (727) 538-4188.

How to Raise Your Credit Score Without Credit Card

January 16, 2017

Having low credit score can affect your life in many ways. When it comes rebuilding credit score. CALL NOW FOR FREE CASE EVALUATION Clearwater: 727-538-4188

5 New Year’s Resolutions to Improve your Budget

January 13, 2017

Here are five New Year’s resolutions from your local bankruptcy attorney in Florida that will help you improve your budget.

A Brief History of Debt Collection

January 2, 2017

In the ancient civilization of Sumer, a debtor who was unable to pay a debt would become debt slaves, along with their family and servants.

Unbelievable Success Stories of People who Declared Bankruptcy

December 30, 2016

If you are looking for a bankruptcy attorney, you probably feel as if you’ve come to the end of the road. Bankruptcy is a last resort for many people.

The Worst Advice We’ve Heard about Handling Debt Collection Calls

December 26, 2016

At the law office of Michael A. Ziegler, we handle debt collection cases all of the time. we’ve heard about handling debt collection calls.

Best Blogs to Follow About Debt Collection

December 19, 2016

These blogs will help you stay up to date and on track when it comes to debt collection and debt relief law. Call Us: (727) 538-4188.

Student Loan Changes that Help Borrowers

November 14, 2016

According to Attorney Mike Ziegler, so it makes sense that big changes are in order. Here are some recent student loan changes that will help borrowers.

Understanding Common Credit Card Fees

October 31, 2016

Credit cards have fees for using their credit, and there are some fees that are commonly found in credit cards. Call Us: (727) 538-4188.

Apps to Help You Organize Your Finances

October 24, 2016

Here are some of the best apps, recommended by modification attorneys in Tampa, that are available to help you organize your finances.

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