Often Asked Questions Regarding Bankruptcy

Communicate with Our Oakdale Bankruptcy Attorneys to find out more

Lamey attorney, P.A. is serving the residents of Oakdale for longer than three decades. Below, you’ll find brief responses to a number of the questions we receive 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 bankruptcy consultation that is free.

Could I be rid of IRS taxes if we file bankruptcy?

Brief response: Yes, if the fees along with your situation meet with the needs. a skilled bankruptcy attorney can figure out if you meet with the qualifications to discharge or cancel your revenue fees in bankruptcy.

Broadly speaking, taxes may be released in bankruptcy: (1) if they are over 36 months old calculated through the due date associated with the taxation return; (2) in the event that taxation statements had been filed significantly more than a couple of years ahead of the bankruptcy; (3) in the event that taxes are not examined within 240 times before the filing associated with the bankruptcy; and (4) provided that the fees aren’t owed by explanation of a “SFR” or replacement for return served by the IRS there are some other demands, such as for example that the fees is not caused by a taxpayer filing a false or tax that is fraudulent, additionally the taxpayer cannot have designed to evade or beat the fees.

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

Quick Answer: No, it is really not a suitable usage of chapter 13 bankruptcy to register an incident in order to obtain the security regarding the stay that is”automatic minus the intent to perform the scenario.

Some individuals file bankruptcies over repeatedly (several or “serial” filers) to over repeatedly stop foreclosures on their home. It is not only incorrect to do this, nonetheless it causes plenty of unnecessary expense that is legal the home loan businesses which are foreclosing, and in addition a large amount of unneeded difficulty and cost to your court system. The bankruptcy court can discipline individuals or their lawyers through contempt of court or other opportinity for filing multiple bankruptcies without the intent which will make them work.

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

Brief Response: Yes.

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

Do not lose your house to property property foreclosure! In the event that you qualify, it may possibly be feasible https://badcreditloanshelp.net/payday-loans-ct/thomaston/ for one to register a chapter 13 bankruptcy to cease the property foreclosure and enable one to get caught up your delinquent HOA dues, and perchance also cope with your other debts, in a fashion that you are able to pay for. Phone our workplace at (651) 309-8180 to prepare very first complimentary assessment with certainly one of our attorneys.

Could you be arrested for perhaps perhaps maybe not having to pay a learning education loan?

Quick response: No. You 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 associated with a court proceeding, constantly adhere to court requests. Or perhaps you may get arrested and jailed.

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