Speak to Our Oakdale Bankruptcy Attorneys to find out more
Lamey law practice, P.A. happens to be serving the residents of Oakdale for over three decades. Below, you'll find brief responses to a few of the questions we get many. All of us acts throughout Pine Springs, Lake Elmo, Maplewood, Woodbury, Oak Park Heights, and much more.
Am I able to dispose of IRS taxes if we file bankruptcy?
Quick response: Yes, should your fees along with your situation meet with the demands. a seasoned bankruptcy lawyer can see whether you meet up with the skills to discharge or cancel your earnings fees in bankruptcy.
In most cases, income taxes could be released in bankruptcy: (1) if they're over three years old measured through the deadline for the taxation return; (2) in the event that tax statements were filed significantly more than 24 months prior to the bankruptcy; (3) in the event that fees are not evaluated within 240 times ahead of the filing regarding the bankruptcy; and (4) as long as the fees aren't owed by explanation of a "SFR" or replacement for return served by the IRS there are more demands, such as for example that the fees can not be the consequence of a taxpayer filing a false or tax that is fraudulent, and also the taxpayer cannot have designed to evade or defeat the taxes.
May I register chapter 13 bankruptcy simply to stall foreclosure?
Quick response: No, it is really not an effective usage of chapter 13 bankruptcy to register an incident in order to obtain the security regarding the "automatic stay" without having the intent to accomplish the outcome. Many people file bankruptcies over repeatedly (several or "serial" filers) to stop foreclosures on repeatedly their home. It is not only incorrect to take action, however it causes plenty of unneeded expense that is legal the home loan organizations which are foreclosing, as well as lots of unneeded difficulty and cost into the court system.