Category Archives: Chapter 7 Bankruptcy
Can You Discharge Tax Debts In A Chapter 7 Bankruptcy?
For many Jacksonville residents, their biggest source of debt is what they owe the Internal Revenue Service. Florida may not have a state income tax, but most people still have to pay federal taxes on their income. And it is not uncommon for people to fall behind on their taxes, especially if they are… Read More »
Will The Florida Homestead Exemption Protect My Home If I File For Chapter 7 Bankruptcy?
One of the biggest concerns that people have when thinking about filing for bankruptcy is what will happen to their house. Many people assume that bankruptcy automatically means losing their home to their creditors. But it is actually not that simple. Federal law permits each state to define certain property as “exempt” from being… Read More »