Yes! First of all, you can buy anything for cash, no permission is needed – but – you need written permission from the court to get a new loan or new credit while you are in a chapter 13 bankruptcy. The court wants to make sure you are not doing…
If you are in a chapter 13 bankruptcy and are paying for an older vehicle, sometimes the vehicle (or one of them) that you are paying for just isn’t worth keeping anymore. It may have completely stopped running or require repairs to continue running that are more expensive than the…
If you are in a bankruptcy chapter 13 case and are involved in a car accident, it is so important for you to follow the proper steps required by the Bankruptcy Court. It doesn’t matter if your vehicle was totaled or not, there are steps we must take to handle…
If you get an income tax refund, money is being taken from your paycheck that you could use right now. If you get an income tax refund, you are letting the government hold and use your money for a year without paying you interest. If you get an income tax…
Is your Chapter 13 plan paying mortgage payments that were delinquent when you filed bankruptcy? Is your Chapter 13 plan paying the current mortgage payments through the bankruptcy? If so, you are missing out on your mortgage interest tax deduction. Your mortgage company often won’t send the IRS or the…
Banks do unexpected things when one of their customers files bankruptcy. Nothing they do is to help you. Even if you think your bank is the greatest, there may be reasons to change banks before you file your bankruptcy case. They May Take the Money in Your Account. Your bank…
Millions of letters are mailed by the IRS each year to taxpayers for many different reasons. If you get a letter from the IRS here are a few suggestions on what to do. Open the letter right away and don’t panic. Most IRS letters will be about your federal tax…
I’m speaking of your actual tax return – the 1040 Form with all schedules and attachments. Make sure you get an electronic copy or a paper copy of your tax return if you’ve filed electronically. Starting with 2017 tax returns, the IRS may ask you for the amount of your…
Criminals are impersonating IRS agents and making aggressive and threatening phone calls to taxpayers. During filing season, the IRS sees a surge in scam phone calls that threaten police arrest, deportation, license revocation and other things. Be on guard against these con games that happen throughout the year, especially during…
I’m speaking mainly to those who know that they need to file a Chapter 7 bankruptcy case. If you wait until you are back to work for several months and everything is going well again (except for what is now the older debt), you run the risk of becoming ineligible…