Our Professional Answer: If your ex-spouse files for bankruptcy, they must pay child support. Child support is not a discharge of all obligation, so they can’t get rid of it.

Our Professional Answer: All business entities whether or not they have revenue must file a tax return both federally and in the state where they are incorporated. The only real exemption is sole proprietorships which the […]

Our Professional Answer: If you’ve previously filed bankruptcy, you will not be prevented from filing bankruptcy again. However, there are statutory guidelines about how and when you can file bankruptcy. For instance, in a Chapter 7, […]

Our Professional Answer: One of the keys to every bankruptcy filing is transparency. That means you must list all of the debts that you have, everyone that you owe money to, regardless of whether it’s a […]

Our Professional Answer: Sometimes, when you file bankruptcy, your spouse is going to ask you if they have to file as well or they’re going to be affected by your filing. The answer is no. Your […]

Our Professional Answer: Typically, bankruptcy attorneys will charge two different ways for their services. If you file a Chapter 7, a bankruptcy attorney will typically charge you a fixed fee; meaning, it’s the only fee that […]

Our Professional Answer: To start determining whether you should file for bankruptcy, you should pull together an understanding of your assets of your debts and of your income. Most states have a qualification called the means […]

Our Professional Answer: Most people who are citizens can qualify for bankruptcy. The best way is to determine whether you have debt that you cannot pay, whether you have assets that you want to keep or […]