Taking On Unique Bankruptcy Issues
Every bankruptcy case, just like every individual who files for bankruptcy, is unique. Special problems may arise in some bankruptcy cases that can seem overly complicated and difficult to handle. Some of these problems have the ability to threaten bankruptcy or to reduce its effectiveness. It is important to hire an experienced attorney to handle your bankruptcy so that these problems can be anticipated and resolved before they can do any damage.
At Bankruptcy Advocates, in Carbondale, Illinois, our lawyers have more than 40 years of combined experience handling bankruptcy in Southern Illinois. We have seen many special problems arise in bankruptcy and have provided the knowledgeable experience to resolve these issues for our clients.
Settle Things Quickly And Efficiently
We can help you avoid many of the special problems associated with bankruptcy, including:
- Avoiding tax problems in bankruptcy – Some people believe that debts discharged in bankruptcy have to be reported as income on income tax returns. However, under Title 11 of the U.S. Bankruptcy Code, you cannot be taxed for debts discharged in bankruptcy. You can be charged for debts that are relieved through debt management programs, however, which is another reason that bankruptcy is typically a preferable option.
- Removing a judgment lien from a home – In many bankruptcies, debtors must take additional steps to remove a lien on all real property that they own, even after the bankruptcies have gone through. Filing for bankruptcy and naming the creditor with the lien does not automatically remove the lien, although it will create an ”automatic stay” to prohibit the creditor from enforcing the lien or making any other attempt to collect the debt.
- Dealing with debt assigned in a divorce – If the debt was accrued jointly as part of a marriage and the couple subsequently divorces, then one former spouse files for bankruptcy, but the responsibility for those debts will often fall to the other spouse. Bankruptcy may protect the filing party from any collection activity and will remove their liability after the debts are discharged, making the other party 100% responsible for paying the remainder.
When Experience Matters, Contact Us
Contact us at Bankruptcy Advocates to get the help you need to solve these and other special problems that often arise in the course of bankruptcy. In many cases, there are effective solutions for these problems that will protect your rights and your best interests.
You deserve experienced guidance from your bankruptcy attorney. If you want to speak with a lawyer you can trust, give us a call today at 618-353-1060 or use our contact form. We look forward to helping you through your most challenging of times.
We are a debt relief agency. We help people file for relief under the Bankruptcy Code.