Requirements for Bankruptcy: The Credit Counseling Class One of the requirements for bankruptcy is the completion of two separate classes: the Credit Counseling Class and the Financial Management Class.  The first course is required by the Court to be completed prior to filing the bankruptcy petition.  The second course is required to be completed at any time after…

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Can Tax Debt Be Discharged in Bankruptcy? “Tax debt is not dischargeable in bankruptcy,” is the assumption of many people faced with looming delinquent notices, but luckily that assumption is not entirely correct and relief may be available.  Non-dischargeable tax debt includes debts for unpaid property taxes and any debts associated with unpaid income taxes,…

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Sued By Your Credit Card Company? – Don’t Panic! Once you have been sued by your credit card company, or a collection agency on behalf of the company, you have a choice to make.  You can either: Fight the action in court, Attempt to resolve the matter prior to a trial, or Ignore it and hopes…

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Creditors Last Line of Defense in Bankruptcy – Objections to Discharge Little stands in the way of a debtor who has passed the multiple hurdles in bankruptcy from discharging all of their unsecured debts, except a creditor’s objections to discharge.  Discharge of debts is the primary purpose for filing bankruptcy; bankruptcy language for “getting rid of…

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Automatic Stay Keeps You and Your Property Safe From Creditor The “automatic stay” goes into effect as soon as a debtor files for bankruptcy, and protects the debtor and the debtor’s property from all actions against the debtor or property, when the action’s purpose is to collect a debt.  The automatic stay prevents and ceases, any…

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