How long do I have to wait between Bankruptcy filings?

After the Bankruptcy Abuse and Consumer Protection Act of 2005 (BAPCPA), the wait times between filing various chapters of bankruptcy changed. For chapter 7 cases, Section 727(a)(8) of the Bankruptcy Code controls and for Chapter 13 filings, Section 1328(f) of the Code controls. These waiting periods are summarized in the following table: Previous Case New… [Read More]

What debts are dischargeable?

Question: What debts are dischargeable? Answer: Generally, all debts listed on the petition are dischargeable. However, certain types of debt listed in 11 U.S.C. §523 are not dischargeable. The non-dischargeable debts listed in §523 include, but are not limited to: a. Certain taxes and fines; b. Debts arising from certain fraudulent conduct; c. Debts not… [Read More]

How can I get a copy of my tax transcript from the IRS?

Question: How can I get a copy of my tax transcript from the IRS? Answer:  The bankruptcy court requires tax returns or tax transcripts with your bankruptcy petition. Either one is acceptable. If you don’t have a copy of your tax return you can request a tax transcript for free from the IRS. Please keep… [Read More]