Receiving a Discharge in Bankruptcy In Chapter 7 and Chapter 13 bankruptcy cases you will automatically receive a discharge at the end of your case on debts which are dischargeable in bankruptcy. In certain circumstances, debt will not be discharged if specific requirements are not met. At Cohen [continue reading]
Bankruptcy
Discharging Student Loans in Bankruptcy
We have assisted and been successful in discharging some if not all of our clients’ student loan debt. However for all intents and purposes discharging student loans in bankruptcy is a very difficult prospect and something that is not within reach of most people. Frankly speaking, due to [continue reading]
Lawsuits & Bankruptcy
You have been sued, can you fight it and still file bankruptcy? The answer is, you can, but you need to determine if you should. We decided to add this article because it comes up a lot and depending on the circumstances it can cause problems that even bankruptcy can’t solve. Will [continue reading]
Qualifying for Chapter 7 Bankruptcy
Chapter 7 bankruptcy offers many people a way to wipe the slate clean and rebuild financially. But, not everyone is eligible to file for Chapter 7 bankruptcy. One key determining factor is the “means test,” added to the U.S. Bankruptcy Code in 2005. The means test was created to address creditor [continue reading]
Receiving a 1099-C After Bankruptcy
Did you receive a 1099-C after your bankruptcy discharge? A creditor may have sent a 1099-C to you after they wrote-off your debt. If you had not filed bankruptcy, then you may have had to report the amount of forgiven debt on the 1099-C as gross income and pay taxes on the amount to the IRS. [continue reading]
Zombie Mortgage
What is a Zombie Mortgage? One of the many results of the real estate market collapse in the early 21st century was the advent of a “zombie mortgage.” Sometimes known as a “zombie foreclosure, zombie title, or zombie property,” this is the situation where a property owner has abandoned a [continue reading]
