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Be Aware: 6 Unusual Ways To Make Extra Money ... Step one after filing for bankruptcy is to take inventory of the wreckage and find out where you stand so you can begin rebuilding. Since ...
After bankruptcy, the money that would have gone to debt payments can be redirected to other needs. To make the most of this opportunity, create a new budget to plan your monthly spending.
After bankruptcy, you must reestablish your credit profile, build good credit and manage your cash flow efficiently to avoid falling down the same pitfalls that lead to your initial bankruptcy filing.
In the United States, with respect to taxes incurred by the bankruptcy estate (as opposed to the debtor) during case administration, a specialized discharge for the trustee, the debtor, any successor to the debtor, and (for cases commenced on or after October 17, 2005) the bankruptcy estate is provided in 11 U.S.C. § 505(b).
Rebuilding credit post-bankruptcy is quite doable with patience and the right steps. Read on for proven ways to start fresh and regain strong credit. How to Get Great Credit Again After a Bankruptcy
The bankruptcy and the insolvency provisions defer the tax to a time when taxpayer is able to pay. The farm indebtedness provision, on the other hand, represents a political decision to subsidize farmers by offering a tax benefit. The student loan exclusion for those who do certain types of work is designed to maximize that benefit.
But if you've recently filed for Chapter 7 or Chapter 13 bankruptcy protection, it's important to realize that there is life after bankruptcy. And it doesn't have to be a life where you're treated ...
Personal bankruptcy is a legal process that allows people to discharge unpayable debts by liquidating assets to pay their creditors or by entering into a court-approved plan to repay them. Tips: 7...