Monthly Archives: July 2009

Myth No. 4: The IRS Will Audit Your Prior Tax Returns If You File For Bankruptcy.

Posted on July 28, 2009 by Kevin Gipson, Attorney at Law

I am unsure how the myth came into existence that the IRS will audit prior tax returns if you file for bankruptcy. This is simply just not true! I have been in practice for 23 years and have never had … Continue reading →

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Myth No. 3: Credit Card Debts Can No Longer Be Discharged In A Bankruptcy.

Posted on July 26, 2009 by Kevin Gipson, Attorney at Law

One of the misconceptions some clients have is that credit card debts can no longer be discharged in a Bankruptcy. This myth comes from changes in the Bankruptcy Code from when the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was … Continue reading →

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Myth No. 2: You Can Only File For Bankruptcy Once.

Posted on July 24, 2009 by Kevin Gipson, Attorney at Law

You can only file for Bankruptcy once!  This is not true. However, there are limitations on how often you can file a bankruptcy. If you have received a discharge in a Chapter 7 bankruptcy, you cannot file for a Chapter … Continue reading →

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