bankruptcy terms
Can You File Bankruptcy on IRS Debt and Eliminate Tax Liability? Can you file bankruptcy on IRS debt? It’s a common question for those overwhelmed by back taxes and struggling to keep up with payments. The short answer is: yes, in some cases, you can discharge IRS debt in bankruptcy—but only if strict conditions are […]
How to File Bankruptcy and Keep Your House Without Losing It If you’re dealing with overwhelming debt, you may be wondering how to file bankruptcy and keep your house at the same time. Many homeowners worry that filing will automatically lead to foreclosure, but that’s not always true. Whether you file Chapter 7 or Chapter […]
Understanding How Long Do You Have to Wait to File Bankruptcy Again If you’ve filed for bankruptcy before, you may be wondering how long do you have to wait to file bankruptcy again. Whether you need another financial reset or are facing new debt challenges, the rules depend on what type of bankruptcy you previously […]
Do You Lose Your House If You File Bankruptcy in 2025? Do you lose your house if you file bankruptcy in 2025? This is one of the most important and emotionally charged questions for homeowners struggling with debt. The answer depends on your financial situation, your home’s equity, whether you’re current on your mortgage, and […]
Can You File Bankruptcy on Back Taxes? Can you file bankruptcy on back taxes? Yes—but only under specific conditions. While not all tax debts are eligible for discharge, certain income taxes can be wiped out in Chapter 7 or reorganized in Chapter 13 bankruptcy. To determine if your back taxes qualify, you must meet several […]
How Many Times Can I File Bankruptcy According to Federal Law? How many times can I file bankruptcy? This is a common question for individuals facing repeated financial hardship. The short answer is: there’s no limit to the number of times you can file bankruptcy. However, there are strict rules about how often you can […]
If You File Bankruptcy Can You Keep Your House in 2025? If you file bankruptcy can you keep your house in 2025? It’s one of the most pressing questions for homeowners facing overwhelming debt. The short answer is: it depends. Bankruptcy may offer a way to eliminate or restructure debt, but whether you can keep […]
Can You File Bankruptcy Twice? Can you file bankruptcy twice if your financial situation takes another downturn? Yes, you can—but there are rules about when and how often you can do so. Whether you filed Chapter 7 or Chapter 13 in the past, the U.S. Bankruptcy Code allows for repeat filings under certain conditions. In […]
How Much Does It Cost to File Bankruptcy in 2025? How much does it cost to file bankruptcy is one of the first questions people ask when they consider taking this legal step. In 2025, the total cost varies depending on the chapter you file under, your location, and whether you hire an attorney. While […]
Do You Need a Lawyer to File Bankruptcy or Can You Go It Alone? Do you need a lawyer to file bankruptcy? This is a common question for people facing serious debt. While the law allows you to file bankruptcy without an attorney, doing so can come with major risks. Understanding your legal rights and […]