Can bankruptcy eliminate tax debt?

Answer Bankruptcy, whether Chapter 7 debt forgiveness or a court-supervised repayment plan through Chapter 13, cannot eliminate all tax debts. If your tax debt is less than three years old, you must make ... Read More »

Top Q&A For: Can bankruptcy eliminate tax debt

Can I claim bankruptcy to eliminate credit card debt?

On One Hand: Chapter 7 LiquidationChapter 7 bankruptcy, referred to as liquidation bankruptcy, eliminates almost all credit card debt that exists as of the date when you file for bankruptcy. In leg... Read More »

How to Consolidate Debt and Eliminate Credit Card Debt?

Credit card debt can seem like a never-ending cycle. You can make minimum monthly payments on time, but the balance never gets smaller. There is hope, however. One way to pay off high-interest cred... Read More »

In Chapter 7 Bankruptcy can you use the Homestead Federal Bankruptcy Exemption to keep your 120000paid off condominium with a lien against it for an 11000credit card debt in pa?

Your right that PA has no special homestead exemption for BK and you would rely on the Federal one.The lien (the Cr Card one), is essentially the same as a first position mortgage against the prope... Read More »

How to Eliminate Interest on Your Debt?

If you are saddled with burdensome credit card debt, you have several options for relief. Spiraling debt is a major concern in the United States, and businesses and non-profit agencies abound, offe... Read More »