What Debt Does Personal Bankruptcy Cover in Florida?

Answer For Floridians with more debts than money, declaring personal bankruptcy is a way to get out from under. By filing for personal bankruptcy, you can have the bankruptcy court "discharge" your debts,... Read More »

Top Q&A For: What Debt Does Personal Bankruptcy Cover in Flo...

Can personal property or a paid off condominium be taken by a debt collector to pay off credit card debt in Pa?

Creditors may certainly look to seize/attach your assets of most types to pay the debts you promised or obligated to pay and don't. They also get to recover any costs for having to act to have you ... 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 »

Bankruptcy & Tax Debt?

Once a taxpayer files for bankruptcy protection, the process for the Internal Revenue Service to collect his tax debt is left to the bankruptcy court and not the IRS. How tax debt is treated will ... Read More »

Can bankruptcy eliminate tax debt?

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 »