Info about How to File Bankruptcy in Washington DC & Maryland

Do I Have to Pay My Deceased Spouse’s Back Taxes?

Our Bankruptcy Lawyer Offers Debt Relief Solutions in Maryland and Washington DC Tax situations can easily become confusing, but this complexity does not make the Internal Revenue Service (IRS) any less forgiving of those who fail to handle their income taxes correctly. Many people deal with enormous amounts of debt, and some may even be forced to go into bankruptcy due to IRS fines and other issues relating to incorrect tax filings. It is crucial that people dealing with potentially difficult tax situations understand how to effectively handle these issues. One such situation may occur when a recently deceased spouse owes back taxes. This can be a complicated situation, but one that individuals need to handle correctly to avoid harsher penalties in the future. Am I Responsible for Paying My Husband’s or Wife’s Taxes? Married couples can file for taxes separately or jointly. If the couple files as individuals, or…
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Can You File Chapter 13 After Completing Chapter 7 Bankruptcy?|Washington DC Bankruptcy Attorney Demystifies Chapter 20

Filing for a Chapter 13 bankruptcy after completing a Chapter 7 bankruptcy, commonly referred to as a Chapter 20 bankruptcy, is one way to take care of debts not cleared by the Chapter 7. To clarify, a Chapter 7 bankruptcy will often leave the debtor with certain debts still intact. While credit cards payments may have been forgiven, unaddressed car and mortgage payments will still remain after a Chapter 7. A Chapter 20 bankruptcy helps the debtor put those unaddressed debts into an easily payable order. The following are common reasons for filing for Chapter 20 bankruptcy: Behind on Mortgage or Car Payments – Even though the debt for a mortgage or car payment has been discharged by the Chapter 7, the creditor’s liens remains in effect. As such, your house can be foreclosed and car repossessed if you fail to make payments. Priority Debts – Certain priority debts cannot…
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How to Reorganize Your Finances After Bankruptcy

A man owned his own business, had a house, three 3-year-olds and a lot of debt to go with it. So much debt in fact that it totaled in the millions from a failed business. So he hired an attorney and asked the attorney to do everything possible to prevent him from filing bankruptcy. Then, the creditors started calling and even visiting the man’s current business. It got to the point where his wife was afraid to open the door. He had already taken out a second mortgage on the house and he was still not making ends meet. Finally, the attorney gave the man a choice. He could take the $1,000 a month that he brought home every month and give it to the creditors or he could buy groceries for his family. Even though it wasn’t an easy choice, the man filed Chapter 13 bankruptcy and his debts…
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The Importance of a Thorough Bankruptcy Creditor List When Filing

Anne filed her bankruptcy six months ago. While all of her creditors have stopped calling and harassing her, one collections agency is still calling her non-stop. Anne keeps telling them that she filed bankruptcy but they keep telling her that they have not received notice of the filing. She has called her bankruptcy attorney and found out that she forgot to tell her attorney about the debt. While her credit report included many of her debts, this one was not listed. Now, her bankruptcy attorney has informed her that she would have to pay additional funds in order to amend her bankruptcy court documents and add the collections agency to her list of creditors. This is why it is very important to include all creditors on your bankruptcy. In order to make sure that all of your creditors are included, make sure to tell your Washington DC or Maryland bankruptcy…
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