Bankruptcy may discharge tax liability, but a discharge of taxes is a complicated and technical process. First off, only income tax debt can be discharged, it does not work on sales taxes or employee withholding taxes. The best way to be sure that your taxes will be discharged in a bankruptcy is to talk with an attorney who will check into the circumstances surrounding your … [Read more...] about Dealing with Taxes in Bankruptcy
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy Can Stop a Foreclosure Sale
Yes, a Chapter 13 bankruptcy case can stop the foreclosure sale immediately. In a Chapter 13 case you can catch up on your mortgage arrearage over time as well as deal with your other debts. This is a very powerful tool. If you live in Louisville or its surrounding areas and your home is in foreclosure you should consider Chapter 13 bankruptcy. The bankruptcy automatic … [Read more...] about Chapter 13 Bankruptcy Can Stop a Foreclosure Sale