Usually Asked Questions Regarding Bankruptcy

Usually Asked Questions Regarding Bankruptcy

Communicate with Our Oakdale Bankruptcy Attorneys for more information

Lamey law practice, P.A. happens to be serving the residents of Oakdale for over three decades. Below, you’ll find brief responses to a few of the concerns we get 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 free of charge bankruptcy assessment.

Am I able to dispose of IRS taxes if we file bankruptcy?

Quick response: Yes, if the fees along with your situation meet up with the requirements. a seasoned bankruptcy lawyer can see whether you meet with the skills to discharge or cancel your revenue fees in bankruptcy.

Broadly speaking, taxes may be released in bankruptcy: (1) if they are over three years old calculated through the deadline associated with the taxation return; (2) in the event that taxation statements had been filed a lot more than a couple of years ahead of the bankruptcy; (3) in the event that fees weren’t evaluated within 240 times before the filing associated with the bankruptcy; and (4) as long as the taxes aren’t owed by explanation of an “SFR” or replacement for return prepared by the IRS there are some other demands, such as for instance that the fees can’t be caused by a taxpayer filing a false or fraudulent income tax return, while the taxpayer cannot have meant to evade or beat the fees.

Can I register chapter 13 bankruptcy merely to stall property property foreclosure?

Brief response: No, it isn’t a appropriate usage of chapter 13 bankruptcy to register an incident in order to have the security for the “automatic stay” without having the intent to perform the outcome.

Many people file bankruptcies over repeatedly (several or “serial” filers) to stop foreclosures on repeatedly their property. It is not only incorrect to do this, but it causes lots of unneeded appropriate cost to the home loan organizations which are foreclosing, and in addition lots of unneeded difficulty and cost into the court system. The bankruptcy court can discipline individuals or their lawyers through contempt of court or any other opportinity for filing multiple bankruptcies without the intent which will make them work.

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

Quick Response: Yes.

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

Never lose your house to property property 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 consultation that is complimentary certainly one of our attorneys.

Is it possible to be arrested for maybe not spending a learning education loan?

Quick response: No. You simply cannot be arrested for perhaps not having to pay student loan.

But then are ordered by a court to answer questions about your finances and refuse to do so, then yes, you can be arrested and jailed – not for not paying your student loan, but for violating the court’s order if you are sued for a student loan and have a judgment granted against you, and.

Lesson: if you’re taking part in a court proceeding, constantly adhere to court purchases. Or perhaps you may get arrested and jailed.

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