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.

Contact Now for a Free Case Evaluation

If you are looking for relief from overwhelming debt and to get your life back to where you don’t live with anxiety because of it, contact the serious Tampa, FL debt fighters at the Ziegler Diamond Law Office.

The sooner you contact us, the sooner you may be able to stop worrying about the things such as how you are going to be able to support your family, taking calls from unknown numbers in case they are from a collection agency, your wages being garnished or money being taken out of your savings, and how your seemingly never-ending debt is going to affect your credit and ability to do things such as buy a car or a home in the future.

Why Call Us?

There are many services and law offices out there that can adequately help people with debt but a key reason you should call or contact us is because we are Tampa, FL debt fighting lawyers that are exclusively committed to helping people get control and out of serious debt.

You should call or contact us here because helping people to get out of debt while keeping their sanity, along with a sense of security still intact is our specialty. This is our focus and this, along with our unique Debt Free system to back us, allows us to fight fiercely for people in need of debt relief.

We will develop a personal Debt Freedom Strategic Plan in order to create a system that you and your family can realistically afford to live on, while protecting your assets, savings and income from debt collectors- and you from the oftentimes harassing calls of credit and debt collection agencies and representatives.

If you are looking for answers to how you are going to get out of debt, contact us today for a free consultation to see how we can help.

CLEARWATER LOCATION

2561 Nursery Road, Ste A
Clearwater, FL 33764

Phone: (727) 538-4188

TAMPA LOCATION

(By Appointment Only)

217 N. Lois Ave, Suite 201
Tampa, FL 33609

Phone: (813) 225-3111

MOUNT DORA LOCATION

120 E 4th Ave B3
Mt Dora, FL 32757

Phone: (352) 600-1326

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Clearwater: (727) 538-4188 Tampa: (813) 225-3111

Mt. Dora: (352) 600-1326

Contact Now for a Free Case Evaluation