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.

Law News Archives

Ziegler Diamond Law: Debt Fighters – New Name, Same Dedication to Helping Consumers Overcome Debt Problems

January 22, 2021

January 22, 2021 – Clearwater, FL– The Law Office of Michael A. Ziegler: Debt Fighters, a Florida law firm that helps consumers overcome debt problems, announced today the appointment of partner Kaelyn Steinkraus Diamond to shareholder partner. The firm will now be known as Ziegler Diamond Law: Debt Fighters. “Kaelyn’s passion and expertise for protecting our clients from illegal debt collecting activities have made her a tremendous asset to the firm,” said Managing Partner Michael Ziegler. “I am proud to have her name appear next to mine.” Mrs. Diamond first began working at the firm as a law clerk in… Read More

Consumer Protection Laws Have Teeth

March 27, 2018

The moral of the story here is that consumer protection laws have seriously sharp teeth to bite into the creditors that violate them.

Are You Behind on Your Mortgage? Here’s How to Handle It

May 8, 2017

Someone signs a mortgage, they are optimistic that they can make it. At the end of all the payments, they will have their own space, free and clear of debt.

What Happens When Your Business Declares Bankruptcy?

February 24, 2017

There are several types of bankruptcy processes and very often, due to the complexities involved, a bankruptcy attorney is needed.

Wells Fargo Lawsuit is the Perfect Example of TCPA Violation

February 6, 2017

People hear about debt collection harassment, but not many people realize just how much trouble a debt collector can get into by exhibiting this behavior.

Famous Debt Collection Harassment Lawsuits

January 10, 2017

Debt collection harassment is a serious issue, and most importantly, it’s against the law. Call Now For a Free Case Evaluation Clearwater: (727) 538-4188.

Can I still bring a TCPA claim if harassing calls to my cell phone didn’t cost me anything out of pocket?

January 9, 2017

Cell phone harassment is a hot topic in consumer protection law and the Telephone Consumer Protection Act, or TCPA for short, is one of the hottest topics.

Why Doesn’t the Do Not Call List Stop Robocallers?

November 28, 2016

Messages that are informational are also legal. You can receive a robocall reminding you of an appointment, or informing you that school is delayed.

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.

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.