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Archive for March 19th, 2008

My Husband (or Wife) is Filing a Bankruptcy…How Will It Affect My Ability to Pay For My Kid’s Education? »

If your spouse files a bankruptcy, will that affect your ability to pay for your children’s continuing education?  It all depends on what level of education your children are attending.
The new (now nearly 2 1/2 years old) bankruptcy law specifically allows a debtor to deduct from the means test a certain amount for education expenses [...]

Washington Post Says We Are Headed Towards A Boom In Bankruptcy Filings »

The Washington Post headline reflects what business bankruptcy attorneys are telling me. Businesses are in trouble and many will be faced with difficult decisions about closing, selling or restructuring companies. This is just another reason that personal bankruptcies will also rise this year.
The public perception of individuals who file for bankruptcy [...]

Can I Protect My LLC From Tax Debts If I File a Chapter 13? »

You can try.  You will be held personally liable for some of your LLC’s tax debts.  Examples include sales tax, and the trust fund portion of employee withholding taxes.  If you file a personal Chapter 13 (an LLC cannot file a Chapter 13), you can put your personal liability for the LLC’s taxes into your [...]

My Husband (or Wife) is Filing a Bankruptcy…How Will It Affect My Income & Expenses? »

When your spouse files for bankruptcy, s/he must complete income and expense schedules that detail your household income and expenses.  Even though you are not part of your spouse’s bankruptcy, your income and expenses must be shown on the schedules.  Sometimes the schedules will list only the contribution you make on a regular basis to [...]