201601.20
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Tax Refunds in Chapter 13 Bankruptcy

As we explained in a previous blog, a tax refund is a refund on income taxes paid to the government when your actual tax liability is less than the amount paid.  In a bankruptcy, a tax refund is considered part of the bankruptcy estate because it is an asset.  It can be used by the…

201601.19
0

401k Contributions and Chapter 13 Bankruptcy

I filed Chapter 13 Bankruptcy in Orange County, Can I Contribute to My 401k? Many clients ask whether their 401k or retirement contribution can be used as an expense when determining their Chapter 13 plan payment.  When you file Chapter 13 bankruptcy, you must list all of you income and expenses on the bankruptcy documents. …

201601.19
0

Tax Refunds in Chapter 7 Bankruptcy

A tax refund is a refund on income taxes paid to the government when your actual tax liability is less than the amount paid.  It is basically an interest free loan that a working individual makes to the government throughout the year.  In the United States, tax refunds are a major source of short term…

201601.19
0

Three Rules to Rebuild Your Credit Score

Rebuilding your credit score after bankruptcy does not have to be a monumental task, as long as you follow three simple rules.  Although these are not the only rules you must follow to achieve financial prosperity, they a basic start.  Although these rules are simple to understand, they require discipline to execute. Do not miss…

201601.19
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Replacing Child Car Seats

As parents, we all want what is best for our children.  This includes taking measures to ensure their safety.  Following a car accident, if your child car seat sustained visible damage, you would obviously want to replace it.  But what if there is no visible damage to the child car seat?  It is good measure…

201601.19
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Settling Medical Liens

In our previous article, we discussed medical liens.  In this blog, we explore in more detail how to settle your medical liens.  You should always try to negotiate a settlement of your medical liens.  The settlement process involves making a call to the medical lien holder, and asking their representative if they would compromise their…

201601.14
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Damages for Lost Wages

If you are a gainfully employed individual who is the unfortunate victim of a car accident, you may find that your hospital and car repair bills are not the only losses.  To add insult to injury, you may actually lose income because you are unable to go to work.  For example, you may need to…

201601.13
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Will Bankruptcy Help Get My House Back After Foreclosure?

What Can Bankruptcy Do if My House Is Already Foreclosed On? Bankruptcy will NOT get your house back.  However, bankruptcy could help eliminate debt related to your previous mortgage and home. Chapter 7 Although Chapter 7 will not help you recover your home, it can help in other ways after a foreclosure.  If you owed…