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Tag Archives: new orleans bankruptcy lawyer
Can Federal Income Taxes Be Discharged In Bankruptcy?
Whether or not income taxes can be discharged in a bankruptcy will depend upon two main factors: Whether a timely, legitimate tax return was filed; and Whether it has been more than three years since the legitimate tax return was … Continue reading
Posted in Bankruptcy
Tagged dischargeable, fraudulent, Kevin Gipson, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, statute of limitations, tax debt, tax return
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They Went Broke Too! Former Detroit Lions Defensive Lineman Luther Elliss
Citing failed business ventures and poor real estate investments, former Detroit Lions defensive lineman Luther Elliss has file for bankruptcy protection. Mortgage debt and tax bills are the former Detroit Lion’s primary liabilities. Elliss filed for Chapter 7 bankruptcy protection listing … Continue reading
Posted in Uncategorized
Tagged Bankruptcy, Chapter 7, Detriot Lions, Detroit Lions, Kevin Gipson, Luther Elliss, new orleans bankruptcy attorney, new orleans bankruptcy lawyer
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Myth No. 8: You Can Never Own A Home If You Have Filed For Bankruptcy
You can never own a home if you have filed for Bankruptcy. False. To the contrary, assuming that you otherwise qualify, (Have a down payment, closing costs, a job, etc.) it is likely that you would be able to purchase a … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Chapter 13, Chapter 13 Plan, Chapter 7, mortgage, new orleans bankruptcy attorney, new orleans bankruptcy lawyer
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Bankruptcy Myth No. 6: You can no longer stop a foreclosure by filing for Bankruptcy.
The bankruptcy myth that you can no longer stop a foreclosure proceeding by filing for bankruptcy is simply no true! Both a Chapter 7 bankruptcy and a Chapter 13 bankruptcy will stop a foreclosure, but with different long term results. … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Chapter 13, Chapter 7, creditor, foreclosure, lift stay, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, Plan, stay
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They Went Broke Too! Jasmine Guy.
Jasmine Guy, best known for her role as Whitley Gilbert in the late 80’s, early 90’s TV series, A Different World, has filed for Chapter 13 bankruptcy. The bankruptcy results in part from financial problems following a recent divorce. A … Continue reading
Posted in Bankruptcy
Tagged A Different World, Bankruptcy, Chapter 13, Jasmine Guy, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, Whitley Gilbert
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They Went Broke Too! William Jefferson
Recently convicted U.S. Representative William “Bill” Jefferson, has filed for Chapter 7 bankruptcy protection along with his wife. The bankruptcy was filed on August 27, 2009 in the Bankruptcy Court for the Eastern District of Louisiana, which is the bankruptcy … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Chapter 7, Eastern District of Louisiana, F. Edward Hebert Federal Building, Meeting of Creditors, New Orleans, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, Representative William "Bill" Jefferson
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Myth No. 5: The Bankruptcy Court will take all of your property if you file.
One of the biggest misconceptions about bankrputcy is that the Banruptcy Court will take your house, car and belongings when you file and sell them to pay your creditors. The truth is that most people who file for bankruptcy keep … Continue reading
Posted in Bankruptcy
Tagged new orleans bankruptcy attorney, new orleans bankruptcy lawyer
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Myth No. 4: The IRS Will Audit Your Prior Tax Returns If You File For Bankruptcy.
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
Posted in Bankruptcy
Tagged IRS, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, tax return
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Myth No. 2: You Can Only File For Bankruptcy Once.
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
Posted in Bankruptcy, Uncategorized
Tagged 8 years, Chapter 13, Chapter 7, discharge, new orleans bankruptcy attorney, new orleans bankruptcy lawyer
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Myth No. 1: You Can No Longer File For Bankruptcy.
Since the bankruptcy laws were changed in October of 2005 I have had several clients that were told they could no longer file for Bankruptcy. This is simply untrue, but with almost four years since the changes in the bankruptcy … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, BAPCPA, debt collector, free inital consultation, free initial consultation, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
Comments Off on Myth No. 1: You Can No Longer File For Bankruptcy.