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  • Organizing Your Financial Records
    Organizing Your Financial Records

    Throughout the course of the year you probably receive numerous financial statements, many of which are probably living in a large pile of papers. It is important to keep your financial records ...

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  • Tax Consequences of Bankruptcy
    Tax Consequences of Bankruptcy

    When your debts are discharged through the bankruptcy process, the IRS treats these debts as taxable income to you. Any bank, credit union or other financial institution that writes off a debt for ...

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  • Converting Chapter 13 to Chapter 7 Bankruptcy
    Converting Chapter 13 to Chapter 7 Bankruptcy

    You have the right to convert your bankruptcy case from Chapter 13 to Chapter 7 at any time. However, in order to convert your case, you must qualify for a Chapter 7 bankruptcy by satisfying the ...

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  • Converting Chapter 7 to Chapter 13 Bankruptcy
    Converting Chapter 7 to Chapter 13 Bankruptcy

    You have the right to convert your bankruptcy case at any time from Chapter 7 to Chapter 13. In fact, you can convert to Chapter 13 at any time. Even if the trustee objects, the bankruptcy court may ...

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  • What is a Chapter 13 Bankruptcy
    What is a Chapter 13 Bankruptcy

    A Chapter 13 bankruptcy is a reorganization of debt, allowing you to repay all or a portion of your debt through a Chapter 13 plan, while protecting your assets. It allows you to pay off your debt ...

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  • Does Bankruptcy Affect Workers' Compensation Benefits?
    Does Bankruptcy Affect Workers' Compensation Benefits?

    In short, workers' compensation benefits are not considered an asset of the debtor and are protected. The workers' compensation benefits would be listed in the bankruptcy petition but would be a fully ...

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