The short answer is “No.” Your employer will deduct taxes and other necessary items from your gross wages before subtracting a wage garnishment owed to a creditor. In this article, you’ll learn about the process your employer will use when … Continue reading →
In most cases, the answer is no. Bankruptcy allows debtors to wipe out, or discharge, many debts including things like credit cards and medical bills. These are unsecured debts. Student loans are also unsecured debts, but Congress has given student … Continue reading →
When you file a bankruptcy, your tax refund is an asset of your bankruptcy estate. Your tax refund may include an earned income credit (EIC). When it does, you could have a big refund coming to you. Whether your trustee … Continue reading →
Tax debt can’t usually be wiped out, or discharged, by filing bankruptcy unless it is old and you meet some very specific requirements. It depends on when the tax return was filed and what kind of tax debt you owe. … Continue reading →
Most Americans live paycheck to paycheck. It is not uncommon for people to find themselves with too much month left for the money they have. So how do you pay your bills with no money? Obviously, you don’t, but there … Continue reading →
There is nothing in the bankruptcy laws that restricts how often you can file for bankruptcy. But, if you receive a discharge in a bankruptcy case, there are timing requirements if you want to get a discharge in a later … Continue reading →
A mortgage is agreement between a property owner and a mortgage company giving the mortgage company an interest (a lien) in property as security for money lent by the mortgage company. Generally, only the lender (the mortgage company) can modify … Continue reading →
In some cases, yes, a Chapter 7 bankruptcy can give you a temporary reprieve from an eviction action, but it’s rarely a permanent solution. If you’re falling behind on your rent, it might be best to contact your landlord and … Continue reading →
A Chapter 13 bankruptcy filing will stop an eviction before the landlord receives an eviction judgment—and even afterward in a few states. If you want to stay in the property, you’ll need to pay your monthly rent and enter into … Continue reading →
People usually file for bankruptcy hoping that the court will wipe out (discharge) their debt so that they can get a fresh financial start. For bills like personal loans, medical bills, and credit card accounts, that’s precisely what happens. By … Continue reading →
