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Recent Posts in Non-Dischargeable Debt Category

Discharge of Tax Debts when your return is filed late -- In re McCoy

Discharge of Tax Debts when your return is filed late. Generally, income tax debts become dischargeable in bankruptcy if your tax has been past due for at least three years, the return was actually ...
Continue reading "Discharge of Tax Debts when your return is filed late -- In re McCoy" »

IRS Tax Amnesty Programs Collects Billions

IRS Tax Amnesty Programs Collects Billions The Wall Street Journal reports that 15,000 individuals took advantage of a recent Internal Revenue program offering limited amnesty for taxpayers with ...
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Can Bankruptcy Discharge Student Loans?

Can Bankruptcy Discharge Student Loans? Discharging student loans through the Massachusetts bankruptcy court is extremely difficulty. Since 1978 Congress has increased restrictions on bankruptcy ...
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Common Bankruptcy Mistake – Maxing out your Credit Cards before filing

When contemplating filing bankruptcy, sometime individuals will max out their credit cards right before filing. This is a mistake, and could jeopardize your entire case. Some debts in bankruptcy are ...
Continue reading "Common Bankruptcy Mistake – Maxing out your Credit Cards before filing " »

What is Discharge?

The goal for most individuals in bankruptcy is to receive a discharge of their debts. A discharge is a release of your legal obligation to repay your debt. With limited exception the discharge will ...
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