Bankruptcy sometimes doesn’t work the way people think it will work. Here are the top 4 ways that it doesn’t work the way people expect it to work: BANKRUPTCY AUTOMATICALLY INCLUDES ALL CREDITORS. That’s right, it automatically includes every company or person to whom you owe money. You can’t keep one loan or credit card… Read more »
Will Chapter 7 Eliminate My Tax Debts?
Contact Us Today For A Free Case Evaluation Chapter 7 is often referred to as “straight bankruptcy.” This gives the impression that all of your debts will be eliminated. You’ll walk away with a clean slate. Depending on the types of debts you have, this may or may not be the case. In Chapter 7 bankruptcy,… Read more »
Can I Keep My Tax Refund After Filing Chapter 7?
Learn from Andrew Walker how you can afford a bankruptcy lawyer when filing for bankruptcy. When you file for bankruptcy, you typically have to give up any luxury assets as part of the process. While you can keep your home, car or truck, and retirement accounts, some other things become part of the bankruptcy estate… Read more »
A Tax Lien: What is It?
Minnesota Bankruptcy Lawyers at Walker & Walker A tax lien is the government’s claim to all or part of your assets because of a failure to pay taxes on time. A lien may be at the Local, State, or Federal level. Failure to pay a tax lien means that if you sell anything valuable, then… Read more »
What Are the Differences Between Tax Returns and Tax Refunds?
One of the questions we are often asked is “What are the differences between tax returns and tax refunds?” So, if you’re thinking of filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy in Minnesota, we thought we’d explain. Here’s what you need to know about the differences between tax returns and tax refunds. Tax returns… Read more »
