Taxes, Divorce, College: Bankruptcy News You Can Use
Are you considering a bankruptcy filing for the financial relief you need in Northern California? Are certain kinds of debts proving especially difficult to stay on top of, such as obligations to the government, an ex-spouse or your alma mater?
Since Chapter 7 bankruptcy cannot grant the discharge of certain debts, we have alternatives you can use when taxes, child support payments or student loans intrude on your ability to repay those you owe.
The Bay Area bankruptcy law office of Patrick McMahon can inform you of options, alternatives and all kinds of legal measures that can help you breathe a little easier, and sleep at night.
A Chapter 13 bankruptcy repayment plan could be just what is needed in your financial situation. We can review all of your issues and apply them to Chapter 13 features to see if Chapter 13 bankruptcy is your best option. We can also work to make sure that all parties are satisfied, such as, the Internal Revenue Service, your former spouse or university.
Find out more about what Chapter 13 protection entails, and what it can do to ease the financial burden of taxes, child support and student loans. Attorney Patrick McMahon will be glad to explain it all for you during your free initial consultation with our experienced San Francisco bankruptcy law firm. We have been able to help people in situations exactly like yours since 1996.
Our law office is a debt relief agency dedicated to the bankruptcy filings of Californians under the Bankruptcy Code. Contact us today. Call 415-644-5280.
Patrick McMahon Can Explain Dischargeable and Non-Dischargeable Debt
Your federal tax debt, for instance, can be discharged if your tax return was due more than three years before you filed for bankruptcy. Your return should have been filed two years prior, and taxes assessed for roughly eight months, or 240 days, before the filing.
Recent bankruptcy laws state that an automatic stay is no longer possible in divorce or support actions filed in state courts. Child support issues can be addressed without the need to request a lifting of the stay in federal bankruptcy court.
Chapter 13 allows for school loan creditors to be paid over time. Your lenders can take no action against you during that time span. You can be relieved of these financial pressures for up to five years. We can also try to establish “hardship” on your behalf, so that student loan debt can be made dischargeable.
Are taxes, child support or student loans frustrating your attempts at personal, family or business financial recovery? Our bankruptcy law firm can help you. Be in touch with us in San Francisco as soon as you can.
Find Out More. Call 415-644-5280 Today.
You can also e-mail or fax us. When you contact us, we make you feel at home, answer all your questions and can even provide on-site Spanish language interpretation. You will like what you see and hear at the full-service bankruptcy law office of Patrick McMahon.
