Tag Archives: Debt

722 Redemption: A Valuable Chapter 7 Bankruptcy Tool

Many times consumers are overwhelmed with car loans in which they owe more than the actual value of the car.  One benefit of a chapter 7 bankruptcy is Section 722 of the United States Bankruptcy Code which offers consumers an … Continue reading

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The Jurisdictional Limits in a Chapter 13

Chapter 13 bankruptcy is the only chapter of bankruptcy that has limits on the amount of debt an individual can have to qualify.  Section 109(e) of the U.S. Bankruptcy Code establishes specific debt limits and limits chapter 13 bankruptcy to … Continue reading

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Taxes May be Dischargeable in Bankruptcy

Come tax season, many Americans find themselves unable to pay their outstanding tax liability. Jacksonville bankruptcy attorneys offer options that may be useful if you find yourself in this situation. Once a tax debt is owed, the IRS becomes a … Continue reading

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