Bankruptcy Blog
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 […]
Read MoreHow 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. […]
Read MoreWhen 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, […]
Read MoreAnd 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 […]
Read MoreDebt relief for student loans Earning higher education is a milestone in the lives of many young people today with just under 35% of the population having attended college education. Unfortunately, for many students, that education comes at an astronomical price. The result is a newly educated population in a challenging job market with a […]
Read MoreDebt 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 […]
Read MoreDoes Bankruptcy Clear Student Loan Debt? Student loan debt can build quickly while you are in school and the payments may come as a surprise when they are due. If you are unable to make your student loan payments, student loan debt bankruptcy may be an option for you. Contact Benson Law Firm for more […]
Read MoreIf you’re facing huge debts and your finances are spiraling out of control, bankruptcy can give you a clean slate. But how long does bankruptcy Chapter 7 take? While most cases take about 4 to 6 months to complete, the length of the overall process depends on several factors. A Minneapolis bankruptcy attorney can help you […]
Read MoreCan you file bankruptcy on medical bills? Without any warning, a medical emergency may leave you struggling to pay the bills. With your medical debt spiraling out of control, you may be looking for a way out. Can you file bankruptcy on medical bills? Yes. In fact, debt from medical bills is one of the […]
Read MoreCan One Spouse File Bankruptcy Without the Other? If you and your spouse are deep in debt, what are your bankruptcy options? Do you have to file together, or can one spouse file for bankruptcy without the other? The truth is, just because you’re married doesn’t mean each spouse is automatically responsible for the other’s […]
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