David Benson

Many people will be surprised to learn that, under certain circumstances, old debt owed to the IRS may be wiped out in bankruptcy. Of course, there are some taxes that will always survive the Court’s order of discharge. For example, amounts due under fraudulent returns cannot be eliminated even though the general requirements for discharge …

Discharging Federal Tax in Bankruptcy Read More »

How Much Does It Cost to File Bankruptcy? Most people contemplating bankruptcy obviously are in a financial bind. As a result, it is natural that one of the questions they ask of a bankruptcy attorney is how much it will cost to file. This desire to keep bankruptcy costs as low as possible is understandable. …

Bankruptcy Read More »

When you file your Chapter 7 petition, the next step you are required to complete is a 341 meeting of creditors. Named after section 341 of the bankruptcy code, this meeting is the moment you meet the Chapter 7 trustee handling your case, provide necessary documentation, and answer a few questions about your debts, finances, …

Chapter 7 Bankruptcy Meeting of Creditors Read More »

And which is right for you For many who are looking to get rid of debt that is threatening their home, livelihood, and sanity, bankruptcy is often heralded as the gold standard to debt management. With two chapters for consumer bankruptcy and alternative options for business owners, it seems like a logical solution to start …

Top 3 Bankruptcy Alternatives Read More »

Debt consolidation for unmanageable finances Debt comes in many forms. We may have residual student loans, unsecured debt through credit cards or unexpected medical bills, and even larger-ticket payments such as mortgages and auto payments. Debt is so prevalent in the lives of individuals because it is difficult, if not impossible, to housing, education, and …

Debt Settlement vs Bankruptcy Read More »