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Usually Asked Questions Regarding Bankruptcy

Usually Asked Questions Regarding Bankruptcy

Keep in touch with Our Oakdale Bankruptcy Attorneys for more information

Lamey attorney, P.A. happens to be serving the residents of Oakdale for longer than three decades. Below, you’ll find answers that are brief a number payday loan companies Stockbridge of the concerns we receive many. All of us acts throughout Pine Springs, Lake Elmo, Maplewood, Woodbury, Oak Park Heights, and much more.

To find out more, dial (651) 309-8180 to schedule a totally free bankruptcy consultation.

May I be rid of IRS taxes if we file bankruptcy?

Quick response: Yes, if for example the taxes as well as your situation meet with the requirements. a skilled bankruptcy attorney can figure out if you meet with the skills to discharge or cancel your income fees in bankruptcy.

Most of the time, taxes are released in bankruptcy: (1) if they’re over 36 months old calculated through the deadline for the income tax return; (2) in the event that taxation statements had been filed significantly more than two years ahead of the bankruptcy; (3) in the event that fees are not examined within 240 days before the filing associated with the bankruptcy; and (4) provided that the fees aren’t owed by explanation of an “SFR” or replacement for return made by the IRS there are some other demands, such as for instance that the fees may not be the consequence of a taxpayer filing a false or fraudulent income tax return, plus the taxpayer cannot have designed to evade or beat the fees.

May I register chapter 13 bankruptcy simply to stall property property property foreclosure?

Brief response: No, it isn’t a suitable utilization of chapter 13 bankruptcy to register an instance merely to have the protection associated with “automatic stay” minus the intent to accomplish the scenario.

Many people file bankruptcies over and over repeatedly (several or “serial” filers) to stop foreclosures on repeatedly their home. It is not only incorrect to do this, nonetheless it causes plenty of unneeded expense that is legal the home loan organizations which can be foreclosing, as well as lots of unneeded difficulty and cost towards the court system. The bankruptcy court can punish individuals or their solicitors through contempt of court or any other opportinity for filing bankruptcies that are multiple the intent in order to make them work.

Can my Homeowner’s Association foreclose to my Minnesota house for unpaid HOA dues?

Brief Response: Yes.

Home owner’s associations in Minnesota can foreclose on your own house for unpaid HOA dues.

Never lose your property to property foreclosure! For you to file a chapter 13 bankruptcy to stop the foreclosure and allow you to catch up your delinquent HOA dues, and possibly also deal with your other debts, in a way that you can afford if you qualify, it may be possible. Phone our workplace at (651) 309-8180 to prepare very first free assessment with certainly one of our attorneys.

Could you be arrested for perhaps maybe not having to pay a learning education loan?

Brief response: No. You can’t be arrested for maybe maybe not having to pay a learning education loan.

But if you should be sued for a student-based loan and now have a judgment provided against you, then are purchased by way of a court to respond to questions regarding finances and will not do this, then yes, you will be arrested and jailed – not for perhaps not spending your education loan, but also for breaking the court’s purchase.

Lesson: if you should be tangled up in a court proceeding, always adhere to court sales. Or perhaps you may get arrested and jailed.