Frequently Asked Questions Regarding Bankruptcy

Frequently Asked Questions Regarding Bankruptcy

Speak to Our Oakdale Bankruptcy Attorneys to find out more

Lamey attorney, P.A. happens to be serving the residents of Oakdale for more than three decades. Below, you’ll find answers that are brief a number of the concerns we get most. We 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 be rid of IRS taxes if we file bankruptcy?

Brief response: Yes, if the fees along with your situation meet with the needs. an experienced bankruptcy lawyer can see whether you meet up with the skills to discharge or cancel your revenue fees in bankruptcy.

Most of the time, taxes are released in bankruptcy: (1) if they are over 36 months old calculated through the deadline of this income tax return; (2) in the event that tax statements had been filed significantly more than 24 months ahead of the bankruptcy; (3) in the event that fees are not evaluated within 240 times ahead of the filing associated with the bankruptcy; and (4) provided that the fees aren’t owed by explanation of a “SFR” or replacement for return made by the IRS there are some other needs, such as for instance that the fees may not be the consequence of a taxpayer filing a false or tax that is fraudulent, while the taxpayer cannot have designed to evade or beat the fees.

Am I able to register chapter 13 bankruptcy merely to stall property property property foreclosure?

Quick response: No, it isn’t a appropriate utilization of chapter 13 bankruptcy to register an instance merely to obtain the security for the stay that is”automatic without having the intent to perform the way it is.

Some individuals file bankruptcies over and over repeatedly (several or “serial” filers) to over and over repeatedly stop foreclosures on their house. Not only is it incorrect to do this, however it causes lots of unneeded expense that is legal the mortgage businesses which can be foreclosing, and in addition lots of unneeded difficulty and cost to your court system. The bankruptcy court can discipline individuals or their lawyers through contempt of court or any other method for filing bankruptcies that are multiple the intent in order to make them work.

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

Quick Response: Yes.

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

Never lose your property to property property foreclosure! In the event that you qualify, it may possibly be easy for you to definitely file a chapter 13 bankruptcy to quit the property foreclosure and invite you to definitely catch up your delinquent HOA dues, and perchance also handle your other debts, in a fashion that you really can afford. Phone our workplace at (651) 309-8180 to prepare very first free assessment with certainly one of our solicitors.

Are you able to be arrested for maybe not spending pupil loan?

Quick response: No. You simply can’t be arrested for maybe perhaps maybe not having to pay a learning education 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 should be taking part in a court proceeding, comply with court always requests. Or perhaps you may get arrested and jailed.