As Tax Day gets closer, you dread finding out how much more money you’re going to owe the IRS in addition to the tax debt you still haven’t paid. A common question that people ask is whether filing for bankruptcy can help them get out from under their tax debt. Some...
Can you file bankruptcy twice?
Life is nothing if not unpredictable, and you can’t control much of what happens to you. Even if you’re very prudent with your finances, a job loss, a withering economy, divorce or an illness in the family can all send your debt spiraling out of control. Years ago,...
Can Chapter 13 bankruptcy help you prevent a foreclosure?
Most homeowners spend a significant portion of their monthly income paying their mortgage. Lenders will typically allow people to finance as much home as they can reasonably pay for with a third of their monthly income. Additionally, unless you bought new construction...
If you file bankruptcy, be wary of your spending
It's very important to take bankruptcy seriously and to understand exactly how to make your case as strong as you possibly can. Some people are of the opinion that they should just spend money, once they know they're going to file, since all of their debts are going...
Can you get an FHA loan after bankruptcy?
If you are considering bankruptcy, one of the things you might be weighing is the risk of being unable to take out a home loan if you try bankruptcy rather than other debt-resolution methods. It is possible to take out a Federal Housing Administration loan after...
