Often Asked Questions Regarding Bankruptcy

Often Asked Questions Regarding Bankruptcy

Speak to Our Oakdale Bankruptcy Attorneys to find out more

Lamey Law Firm, P.A. happens to be serving the residents of Oakdale for longer than three decades. Below, you will discover 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 much more.

For more information, dial (651) 309-8180 to schedule a totally free bankruptcy assessment.

Could I dispose of IRS income taxes if we file bankruptcy?

Quick response: Yes, if for example the fees along with your situation meet with the demands. a seasoned bankruptcy lawyer can see whether you meet up with the payday lender Abbeville qualifications to discharge or cancel your earnings fees in bankruptcy.

Broadly speaking, taxes could be released in bankruptcy: (1) if they’re over three years old measured through the deadline regarding the tax return; (2) in the event that tax statements had been filed significantly more than two years ahead of the bankruptcy; (3) in the event that fees are not evaluated within 240 times before the filing of this bankruptcy; and (4) as long as the fees aren’t owed by explanation of a “SFR” or substitute for return served by the IRS there are various other demands, such as for example that the fees may not be caused by a taxpayer filing a false or tax that is fraudulent, while the taxpayer cannot have meant to evade or beat the taxes.

Am I able to register chapter 13 bankruptcy in order to stall property property property foreclosure?

Quick response: No, it is really not a suitable utilization of chapter 13 bankruptcy to register an incident merely to obtain the security associated with the “automatic stay” without having the intent to perform the actual situation.

Many people file bankruptcies over repeatedly (several or “serial” filers) to stop foreclosures on repeatedly their home. It’s not only incorrect to do this, however it causes lots of unneeded appropriate cost to the home loan businesses which can be foreclosing, as well as plenty of unneeded difficulty and expense to your court system. The bankruptcy court can discipline individuals or their lawyers through contempt of court or other method for filing multiple bankruptcies without the intent to help make them work.

Can my Homeowner??™s Association foreclose to my Minnesota house for unpaid HOA dues?

Brief Response: Yes.

Home owner’s associations in Minnesota can foreclose on your own house for unpaid HOA dues.

Do not lose your property to property foreclosure! In the event that you qualify, it could be easy for you to definitely register a chapter 13 bankruptcy to end the property foreclosure and permit you to definitely get caught up your delinquent HOA dues, and perchance also cope with your other debts, in a manner that it is possible to pay for. Phone our workplace at (651) 309-8180 to prepare very first free assessment with certainly one of our solicitors.

Are you able to be arrested for maybe maybe maybe not having to pay education loan?

Brief response: No. You can’t be arrested for maybe perhaps maybe not spending a learning 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 should be tangled up in a court proceeding, comply with court always sales. Or perhaps you may get arrested and jailed.

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