Audit Code on IRS Transcript for Bankrupting Taxes- All You Should Know

Irs transcripts codes

Welcome to our page about the IRS Transcript codes for bankrupting taxes. To bankrupt the income or dischargeable portion of a trust tax, you must obtain the tax transcript and review these key codes. There are some essential codes to know for analyzing when and how to file bankruptcy and discharge income and trust taxes. […]

Run Up Credit Cards Before Bankruptcy- Here’s What You Need to Know

Maxing Out Credit Cards and Later Filing Bankruptcy

Everyone has a problem sooner or later. The problem is you never know when it will come along. So, if you use a credit card or purchase an auto just before filing, you are probably an honest but unfortunate debtor who didn’t know that bankruptcy was around the corner. People also often charge items on […]

Filing Late Bankruptcy Debtor Education and Credit Counseling Certificates

Filing Late Bankruptcy Debtor Education and Credit Counseling Certificates

Since 2005 Congress has required consumer debtors to attend a credit counseling class before they file. They also must attend a debtor education class after they file to get a discharge. Our office can easily prepare a petition with only income information. However, we cannot file the petition without the credit counseling certificate. Both courses […]

Kentucky SBRA Chapter 11 Bankruptcy Case

Kentucky SBRA Chapter 11 Bankruptcy Case

Welcome to our post to help you learn about the Small Business Reorganization Act of 2019 (SBRA). We filed a Kentucky SBRA Chapter 11 Bankruptcy case in Louisville hours after the act went into effect. Under the SBRA, filing is supposed to be more simple than a normal Chapter 11. But SBRA cases move very […]

Successfully Completing a Chapter 13 Bankruptcy

Successfully Completing a Chapter 13 Bankruptcy

You file Chapter 13 bankruptcy and it is confirmed. If possible, you want to complete your Chapter 13 to ensure you receive a discharge at the end of your plan. With Chapter 13, dismissal is when the case gets terminated without the entry of a discharge of debt. However, when the courts enter a discharge […]

Fraud, Stay, and Discharge Adversary Complaints • Video

Fraud, Stay, and Discharge Adversary Complaints

Bankruptcy court judges have essentially the same powers as district court judges. Not only do they decide bankruptcy issues but they also decide other issues such as Fair Debt Collection Practices Act (FDCPA) issues or issues which involve the debtor. Adversary lawsuits are lawsuits separate from the bankruptcy. These adversary cases often involve issues of […]