Often Asked Questions Regarding Bankruptcy

Often Asked Questions Regarding Bankruptcy

Speak with Our Oakdale Bankruptcy Attorneys for more information

Lamey law practice, P.A. was serving the residents of Oakdale for over three decades. Below, there are brief responses to a few of the concerns we get many. All of us acts throughout Pine Springs, Lake Elmo, Maplewood, Woodbury, Oak Park Heights, and more.

To find out more, dial (651) 309-8180 to schedule a bankruptcy consultation that is free.

May I be rid of IRS taxes if we file bankruptcy?

Quick response: Yes, should your fees as well as your situation meet up with the needs. a seasoned bankruptcy lawyer can figure out if you meet up with the qualifications to discharge or cancel your earnings fees in bankruptcy.

In general, income taxes could be discharged in bankruptcy: (1) if they’re over 36 months old measured from the due date associated with income tax return; (2) in the event that tax statements had been filed significantly more than 24 months ahead of the bankruptcy; (3) in the event that taxes are not evaluated within 240 times before the filing associated with the bankruptcy; and (4) as long as the fees aren’t owed by explanation of an ”SFR” or replacement for return served by the IRS there are various other demands, such as for example that the taxes can’t be the consequence of a taxpayer filing a false or fraudulent taxation return, while the taxpayer cannot have designed to evade or beat the fees.

May I register chapter 13 bankruptcy merely to stall property property foreclosure?

Brief response: No, it is really not a suitable usage of chapter 13 bankruptcy to register an incident merely to obtain the security for the stay that is”automatic minus the intent to perform the way it is.

Many people file bankruptcies over repeatedly (several or ”serial” filers) to stop foreclosures on repeatedly their home. It is not only wrong to do this, nonetheless it causes plenty of unneeded appropriate cost payday usa Mckinney Texas to the home loan businesses which can be foreclosing, as well as plenty of unneeded difficulty and cost towards the court system. The bankruptcy court can discipline individuals or their lawyers through contempt of court or other opportinity for filing numerous bankruptcies without the intent which will make them work.

Can my Homeowner’s Association foreclose to my Minnesota home for unpaid HOA dues?

Brief Response: Yes.

Homeowner’s associations in Minnesota can foreclose in your home for unpaid HOA dues.

Do not lose your house to foreclosure! For you to file a chapter 13 bankruptcy to stop the foreclosure and allow you to catch up your delinquent HOA dues, and possibly also deal with your other debts, in a way that you can afford if you qualify, it may be possible. Phone our workplace at (651) 309-8180 to prepare very first consultation that is complimentary certainly one of our solicitors.

Could you be arrested for perhaps perhaps not having to pay pupil loan?

Brief Answer: No. You can not be arrested for maybe not spending pupil loan.

But then are ordered by a court to answer questions about your finances and refuse to do so, then yes, you can be arrested and jailed – not for not paying your student loan, but for violating the court’s order if you are sued for a student loan and have a judgment granted against you, and.

Lesson: if you’re associated with a court proceeding, constantly conform to court purchases. Or perhaps you may get arrested and jailed.

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