Sometimes people take out loans in good faith but lose their jobs or experience an expensive medical emergency that leaves them unable to pay their loans back. If this happens to you, you may want to file for Chapter 7 bankruptcy. Chapter 7 personal bankruptcy allows you to discharge your debts and start over again. […]
Most people know that bankruptcy attorneys can help file Chapter 7 or Chapter 13 bankruptcy and may assist consumers with other parts of the bankruptcy process. However, bankruptcy attorneys can also help protect people from having to file for bankruptcy in the first place. The Law Offices of David Kohm are familiar with many aspects […]
Anyone behind in their child support payments could have the Texas child support enforcement office collect payments from their IRS tax refund to cover any arrears. This is often referred to as a tax refund seizure. The collected money will then be given to the appropriate child support agency by…
When To Consider Filing Bankruptcy Filing bankruptcy can be a complicated and overwhelming undertaking. Qualified legal representation is recommended to ensure the proper protocols are adhered to and that bankruptcy is filed in the most efficient way possible for the unique individual’s circumstances. There are several different types of bankruptcy,…
Financial problems are the leading causes of divorce. The legal process results in increased financial strain by splitting a couple’s income and assets. Unfortunately, before a divorce, many people tend to become emotional and confused. In most cases, both parties end up paying more than is necessary. When bankruptcy is…
It’s the objective of anybody who files for bankruptcy to get out from under crushing debt. It should also be the objective of that debtor to legally protect assets that he or she has from being seized and liquidated for the benefit of creditors. What many debtors don’t know is…
Having your home foreclosed upon can be a very scary process. But if you would like to keep your home or delay the process, filing for bankruptcy may help your situation. First of all, a foreclosure takes place after a person has fallen behind on mortgage payments. In most cases,…
Can Taxes Can be Added to Your Bankruptcy? Bankruptcy seems like credit death, yet you somehow are given relief and the freedom to start over. Whether you decide to file a chapter 7 or a chapter 13 can mean everything in what you can keep and what you must liquidate….
Do Texas Residents Really Need an Attorney to File Bankruptcy? If you are facing the prospect of filing for bankruptcy, it’s understandable that you would want to save money. You are very likely debating whether or not you really need to hire a bankruptcy attorney for this process. You may…
Individuals that find themselves underwater financially to the point of considering bankruptcy have a number of pertinent issues to address. One of these issues is the impact a bankruptcy will have on tax returns and tax filing statuses. The manner in which an individual must approach the filing of taxes…
