Often Asked Questions About Bankruptcy

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Often Asked Questions About Bankruptcy

Often Asked Questions About Bankruptcy

Keep in touch with Our Oakdale Bankruptcy Attorneys to find out more



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



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



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



Quick response: Yes, if for example the fees as well as your situation meet up with the needs. a bankruptcy that is experienced can see whether you meet with the skills to discharge or cancel your earnings fees in bankruptcy.



In most cases, taxes may be released in bankruptcy: (1) if they're over three years old calculated through the deadline regarding the income tax return; (2) in the event that taxation statements had been filed a lot more than a couple of years ahead of the bankruptcy; (3) in the event that fees are not examined within 240 times before the filing associated with the bankruptcy; and (4) provided that the fees aren't owed by explanation of an "SFR" or replacement for return prepared by the IRS there are various other needs, such as for example that the fees can not be the consequence of a taxpayer filing a false or fraudulent taxation return, therefore the taxpayer cannot have meant to evade or beat the fees.



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



Quick response: No, it isn't a suitable usage of chapter 13 bankruptcy to file an incident merely to have the security of this stay that is"automatic with no intent to perform the way it is.



Many people file bankruptcies over and over repeatedly (multiple or "serial" filers) to over repeatedly stop foreclosures on their home. It is not only wrong to take action, nonetheless it causes lots of unneeded expense that is legal the mortgage businesses which can be foreclosing, and in addition lots of unneeded difficulty and cost into the court system. The bankruptcy court can discipline individuals or their lawyers through contempt of court or other method for filing bankruptcies that are multiple the intent in order to make them work payday loan companies in Meriden Connecticut.



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



Quick Response: Yes.



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



Do not lose your house to property 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 free assessment with certainly one of our attorneys.



Is it possible to be arrested for maybe maybe not spending pupil loan?



Quick response: No. You simply can't be arrested for perhaps perhaps not having to pay 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're taking part in a court proceeding, comply with court always instructions. Or you might get arrested and jailed.

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