"Bankruptcy Lawyers Baldwin Park California 91706"
If you are considering filing for bankruptcy in Baldwin Park California 91706e, it is important to choose an experienced and reputable bankruptcy lawyer. At The Law Offices of Omar Zambrano , we been doing bankruptcies since 2004 we have experience in helping individuals and businesses through the bankruptcy process. We will work with you to understand your unique financial situation and determine the best course of action for your specific needs. Our staff is dedicated to p
"The IRS has a Statute of Limitations of Six Years on Collecting Taxes"
The IRS has a statute of limitations of six years on collecting taxes. This means that the IRS has six years to collect taxes from the date they are due. After six years, the IRS can no longer collect taxes from you. This is true even if you have not paid your taxes or filed your return. After that, the debt is considered "time-barred" and the IRS can no longer take legal action to collect it. The only exception to this rule is if you have filed a fraudulent return or if you
"How Long Does Chapter 7 Take to Process from Start to Finish"
The average Chapter 7 bankruptcy case takes about six months to complete. This includes the four- to six-week period it takes for the debtor to complete pre-bankruptcy counseling and credit counseling, as well as the two- to three-month waiting period before the debtor's discharge is entered. However, some cases may be resolved in as little as three months, while others may take up to a year or more. The length of time a case takes depends on many factors, including the compl
Reorganizing Your Debt? Chapter 11 or Chapter 13 Bankruptcy Can Help!
Debt can be a difficult thing to manage. If you are struggling to make ends meet and keep up with your monthly payments, you may be considering bankruptcy. Bankruptcy can help you get your finances back on track and give you a fresh start. There are two types of bankruptcy that may be right for you: Chapter 11 and Chapter 13. Chapter 11 bankruptcy is also known as reorganization bankruptcy. This type of bankruptcy allows you to reorganize your debt and create a repayment plan
What is Chapter 13 Bankruptcy and How can it Help me ?
Bankruptcy Chapter 13 is a legal process that provides protection for businesses and individuals who are unable to pay their debts. It is a court-ordered financial reorganization that allows businesses and individuals to repay their creditors over time. Bankruptcy Chapter 13 is designed to give businesses and individuals a fresh start by providing them with the opportunity to restructure their finances and repay their creditors. The process is overseen by a bankruptcy trustee
What are Preferential Payments in Bankruptcy ?
Preferential payments in bankruptcy are payments made to creditors that are given priority over other creditors. In a Chapter 7 bankruptcy, preferential payments can be reclaimed by the trustee from the debtor's estate and distributed to creditors equally. In a Chapter 13 bankruptcy, preferential payments must be repaid in full over the life of the repayment plan. Preferential payments can include taxes, child support, alimony, and certain debts owed to government entities. T
Preferential Payment Bankruptcy
In a preferential payment bankruptcy, certain creditors are given priority over others when it comes to receiving payment. This means that those creditors will be paid first, before other creditors who are not given preferential treatment. Preferential payment bankruptcy can be used in a number of different ways. For example, it can be used to help protect certain creditors from being left unpaid if the debtor is unable to pay all of their debts. Additionally, preferential pa
How Far Back Does Social Security Check Your Bank Account to be Eligible for Benefits?
When you apply for Social Security benefits, the agency will review your entire financial history. This includes looking at your bank account to see how much money you have saved. The agency will also look at other assets you may have, such as property or investments. The reason for this thorough review is to ensure that you are eligible for benefits and to determine how much money you should receive. Social Security uses a complex formula to calculate benefits, and your bank
How Long After Car Repossession Can I Get A Mortgage ?
If you're thinking about buying a home, you may be wondering how long after car repossession can you get a mortgage. The answer is that it depends on the lender, but usually, you'll need to wait at least two years. However, if you have a strong credit history and can prove that the repossession was due to extenuating circumstances beyond your control, you may be able to get a mortgage sooner. The key is to start rebuilding your credit as soon as possible after the repossessio
Bankruptcy Due To Medical Bills
More and more Americans are finding themselves bankrupt due to medical bills. A recent study found that 60% of all bankruptcies in the United States are caused by medical debt. This is a problem that is only getting worse as healthcare costs continue to rise. The majority of people who file for bankruptcy due to medical debt are middle-class families who have good jobs and health insurance. However, even with health insurance, they can still be left with thousands of dollars
