Uncategorized

March 27, 2014

What Is Means Test?

Most individual debtors filing for bankruptcy relief are required to complete either Official Bankruptcy Form 22A or 22C (Statement of Current Monthly Income and calculations). Bankruptcy […]
March 27, 2014

What is Mortgage Forgiveness Debt Relief Act and Debt Cancellation?

If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable. The Mortgage Debt Relief Act […]
March 27, 2014

Cancellation of Debts: Are they forgiven?

We have been asked this question many times, and frankly, we don’t even know the full answer until someone pointed us to the right answer. Here, […]
March 27, 2014

Which Reaffirmation Are Binding?

We had discussed the definition of ‘surrender’ and ‘reaffirmation’. In this post, we would only discuss reaffirmation. Some time creditors lure the debtors to sign reaffirmation […]