by Amy Jackson As tax season approaches knowing your rights regarding your tax refund when filing bankruptcy is of great importance. There are several different factors when it comes to how to protect your tax refund in bankruptcy. The type of bankruptcy you file, exemption laws, source of the refund, and timing of the filing …
by Amy Jackson When considering the chapter of bankruptcy that will most effectively offer relief from your debts one of the deciding factors is the means test. This income based test is calculated to determine if your income is above or below the average for your household size. The United States Census Bureau collects data …
by Jesse Langford As the calendar creeps closer to the new year our office gets more and more questions regarding how a tax refund works in a bankruptcy. The bankruptcy code requires that debtors in a bankruptcy list “assets and liabilities” as of the date the bankruptcy case is filed. A future tax refund qualifies …
by Paige Wright Typically, when people file bankruptcy, they file one of two different kinds of bankruptcy: Chapter 7 or Chapter 13. Chapter 7 is a liquidation bankruptcy. This means that you can discharge debts without payment to the court; however, if you have any non-exempt assets, or property, the property can be sold to …
What is the Difference Between Chapter 7 and Chapter 13? Read More »
by Amy Jackson One of the most common questions we hear from our clients about filing bankruptcy paralegal is how will this impact their credit score? Truth is if you are financially burdened there is a good chance your credit score is already being affected. Bankruptcy can often help. Believe it or not, filing for …
Does Filing For Bankruptcy In Springfield Missouri Impact Your Credit? Read More »