Taxes can be eliminated in certain circumstances and in certain circumstances your attorney will be able to advise you. For example, if you have tax debt that is more than three years old and if you filed a return for those years and if you did not commit any type of fraud, then the debt […]
Author Archives: David M. Siegel
Chapter 7 bankruptcy, known as the fresh start bankruptcy, is a way to get out of debt. However, student loans are not eliminated under a Chapter 7 except in extreme hardship cases. In my experience, an extreme hardship case is almost impossible to find. You must be in a position where you can no longer […]
This is the case of Joseph Loomis who comes to me from Aurora, Illinois for consultation regarding debt relief. Mr. Loomis has never filed for bankruptcy before. He is not a homeowner and he is not renting, either. He is living with his parents. He has a 2012 Ford Transit which is financed by Ford […]
A Chapter 7 Bankruptcy is advantageous to a consumer because it offers a “fresh start”. Throughout a consumer’s lifetime, bills are accrued by means of credit cards, medical visits, automobile purchases, etc. Through a Chapter 7 Bankruptcy, a debtor can ultimately be discharged from these obligations, which is known as the “fresh start”. Furthermore, there […]