Freedom from debt often requires sacrifice. Bankruptcy can offer a path out of debt, but it is important to understand the process. As you consider your debt relief options, you might be wondering how Chapter 7 bankruptcy will change your life. Will I lose my house?...
Chapter 7 Bankruptcy
Common misconceptions about filing for Chapter 7 bankruptcy
Chapter 7 bankruptcy stands out as the most common type used by individuals. However, due to its widespread use and the complexity of the bankruptcy process, several misconceptions have sprung up around it. These misconceptions can deter people from seeking the...
Are my taxes dischargeable in a Chapter 7?
Chapter 7 bankruptcy is a tool that offers debtors a chance to wipe out certain debts. Certain debts, such as taxes, are not discharged under Chapter 7. Depending on your tax type, a Chapter 7 bankruptcy may discharge your tax debt. Income taxes If you meet specific...
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