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Understanding Bankruptcy: Discharging Tax Debt 📢 Need help with discharging tax debt in bankruptcy? We’ve got you covered! 💼💪 Tax debt can be a tricky and worrisome aspect of bankruptcy for many Americans. But don’t worry, we’re here to guide you through it. 💼💡 While bankruptcy can clear some tax debts, not all are eligible for discharge. 😕 CRITERIA FOR DISCHARGING…
Dealing with Creditors Before and After Bankruptcy While bankruptcy can provide a fresh start, it can also be accompanied by complexities that require careful navigation. Dealing with creditors is one such difficulty that can be particularly stressful for bankruptcy clients. With that in mind, we’re sharing an overview of key considerations when dealing with creditors before and after bankruptcy. As always,…
Bankruptcy & Immigration Status Recently a few different people have asked me how a potential bankruptcy case could affect their immigration status. According to bankruptcy law, the government is prohibited from discriminating against someone solely based on their filing for bankruptcy, as stated in 11 U.S.C. § 525(a). However, it is important to note that there could be consequences in an…
Bankruptcy & Credit Scores I wanted to address a common misconception regarding bankruptcy and its impact on credit scores. Many clients believe that a bankruptcy filing will ruin their credit for the 7 to 10 years it remains on their credit report. However, I would like to assure you that this is simply not the case.In fact, for individuals who need…
What to Know: Fraud, Bankruptcy, and Supreme Court Ruling A 2023 ruling by the Supreme Court that may have implications for Americans facing bankruptcy. On Wednesday, February 22, 2023, the Supreme Court unanimously ruled that a California woman, Kate Bartenwerfer, could not use the U.S. bankruptcy code to avoid paying a $1.1 million debt resulting from her partner’s fraud. The original judgment in…
The Role of the Trustee in Chapter 13 Bankruptcy If you’ve read a little about chapter 13 bankruptcy, you may have heard about the trustee. But what is the trustee’s role in a chapter 13? Bankruptcy can be a challenging and overwhelming process for individuals facing financial difficulties. However, Chapter 13 bankruptcy offers a structured and viable solution to reorganize debts…
Client Review Check out a recent client review of Attorney Maegan Hurley, who specializes in consumer bankruptcy at our office. If you have legal questions or think you may need a lawyer, contact us today. To see our practice areas and contact information, visit ravosalaw.com.#testimonial #clientreview
Timeline of Chapter 7 Bankruptcy Chapter 7 bankruptcy is a type of bankruptcy that allows individuals or businesses to discharge their debts and start fresh. If you are considering filing for Chapter 7 bankruptcy, it is important to understand the timeline of the bankruptcy process. Here is a general timeline of a Chapter 7 bankruptcy case: Pre-Bankruptcy Counseling: Before filing for…
Bankruptcy Meeting Overview The 341 meeting of creditors is a critical aspect of the consumer bankruptcy process. This meeting is named after section 341 of the United States Bankruptcy Code, which mandates that all debtors must attend a meeting of creditors after filing for bankruptcy. This meeting is also known as the meeting of creditors or the 341 hearing. In…
The Benefits of Chapter 7 Bankruptcy Filing for bankruptcy can be a difficult decision, but in some cases, it may be the best option. Chapter 7 bankruptcy, in particular, offers several benefits for those facing financial distress. In this blog post, we’ll explore the advantages of Chapter 7 bankruptcy and how it can help individuals regain control of their financial situation.…