dischargeable in bankruptcy

  The law is clear that bankruptcy will only discharge income tax for which a return, if required, has been filed. However, Congress for many years left it up to the courts to determine exactly what the word “return” means. Courts have varied their definitions of “return”, with some courts using an objective approach and others applying […]

You may be able to deduct your student loan payment as an expense on your bankruptcy petition if you file Chapter 7, but usually cannot if you file Chapter 13.  As you probably know, student loan debts are usually not dischargeable in bankruptcy.  That means that if you file a Chapter 7, you will still have to pay […]