Tag Archives: maryland bankruptcy attorney

What Taxes Do I Still Owe After Bankruptcy?

A common motivation people have for filing bankruptcy is that it will wipe out their tax debts. While some debts are discharged during bankruptcy, not all are. It depends, in part, on whether you filed for Chapter 7 bankruptcy or Chapter 13 bankruptcy. Let’s take a deeper look at the taxes in bankruptcy you still owe. Taxes You Still Owe After Bankruptcy Chapter 7 bankruptcy – You can discharge tax debts in Chapter 7 bankruptcy so long as they meet the following requirements. Income-based taxes. The only kind of debt that is dischargeable in Chapter 7 is that of federal or state income taxes. Due greater than three years ago. The taxes must be for a tax return that was due at least three years before you filed for bankruptcy. Filed at least two years ago. You must have filed the tax return two years or more prior to filing for bankruptcy. Assessed…
Read More »

Posted in Bankruptcy | Tagged , , | Leave a comment

Tips for Safely Using a Credit Card to Build Credit

Talk to Our Maryland Bankruptcy Attorney Are you recovering from a struggle with debt or bankruptcy? Perhaps you are just becoming financially independent and want to prove you are a responsible consumer. Either way, learning to use a credit card effectively to build credit is an important skill to acquire. Learning to build your credit can allow you to qualify for loans, rental applications and can even affect your job prospects. To get you started on the path to establishing credit, here are some tips for using a credit card to build you credit. How to Use Credit Cards Safely and Effectively Find the Right Card for You: Once you can provide proof of income, you may be ready to apply for a credit card of your own. Before you sign up for one, though, you must do your research to find out which card is best for your needs…
Read More »

Posted in Newsletters | Tagged | Leave a comment

Let Our Bethesda Bankruptcy Attorney Work For You!

Bethesda is a city in Montgomery County, Maryland, just northwest of Washington, D.C. It is considered one of the most affluent and highly educated areas of the United States, with an estimated population of more than 60,000 people. Zip codes in Bethesda include 20810, 20811, 20813, 20814, 20815, 20816 and 20817. The community houses the National Institutes of Health, the Consumer Product Safety Commission and the Naval Surface Warfare Center Carderock Division. Washington Metro’s Red Line services downtown Bethesda, as well as the area near the National Institutes of Health. Bethesda Attractions For more information about activities in the area, you can visit the Montgomery County Department of Parks.  Notable parks include Meridian Hill Park, Cabin John Regional Park, Kenwood Cherry Blossom, Caroline Freeland Urban Park, Elm Street Park, Wheaton Regional Park, Battery Lane Park, Westmoreland Hills Park, Ayrlawn Park and Greenwich Park. If you are struggling financially and you…
Read More »

Posted in Bankruptcy, Bethesda | Tagged | Leave a comment