November Elections Might Help Bankruptcy Law and Your Student Loans
Democratic Platform Promises Good News on Bankruptcy and Student Loans Are you struggling with student loans you can’t pay? The...
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Robert Weed
- Nov 23, 2013
- 2 min
Taxes, short sale, and bankruptcy!
The tax break on short sales is due to expire on December 31, 2013. Since 2007, Congress has waived the debt forgiveness tax when a...
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Robert Weed
- Dec 8, 2012
- 3 min
Bankruptcy, short sale, debt forgiveness tax and the fiscal cliff
The 2007 Mortgage Forgiveness Tax Relief Act expires December 31, 2012. That’s one of the tax cuts, put in place when George Bush was...
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Robert Weed
- Oct 29, 2012
- 2 min
After Bankruptcy: Why did Bank of America Forgive My Second Mortgage?
Lots of people, in current or recent bankruptcy, are getting letters from Bank of America forgiving their second mortgages. What’s going...
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Robert Weed
- Oct 4, 2011
- 5 min
Bankruptcy and bank statements
Bankruptcy and bank statements Planning to file bankruptcy? You will need to round up bank statements. You’ll need them at...
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Robert Weed
- Sep 24, 2011
- 4 min
Bankruptcy means test: how big families can pass
The 2005 bankruptcy law is unfair to families. If you have children, you need to fill out your bankruptcy means test budget very...
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Robert Weed
- Aug 7, 2011
- 4 min
Bankruptcy and security clearance, and defense cutbacks.
Defense cutbacks are now certain. (At least as certain as anything is in this world.) Lots of people whose jobs seem safe now will soon...
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Robert Weed
- May 13, 2011
- 2 min
After bankruptcy. Help! They're suing my LLC!
Many people who file bankruptcy are small business owners. Especially owners of one-person small businesses. People like the freedom of...
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Robert Weed
- Apr 3, 2011
- 1 min
Does bankruptcy help with inherited debt?
“Do I need to file bankruptcy on inherited debt?” In my twenty years as a bankruptcy lawyer, I’ve been asked about bankruptcy and...
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Robert Weed
- Mar 22, 2011
- 3 min
Bankruptcy can discharge some old income taxes.
People often ask me if there are any taxes that bankruptcy can help with. Here’s the rule. You can discharge income taxes if they were...
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Robert Weed
- Feb 11, 2011
- 3 min
Bankruptcy discharge or "charge off?" What’s the difference?
Discharge? Charge-off? The two words look a lot alike. Do they mean the same thing? Nope. Discharge is a magic word. A legal word,...
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Robert Weed
- Feb 3, 2010
- 2 min
Bankruptcy, foreclosure, 1099-A and 1099-C
You don’t need to worry about getting a 1099-A. If the bank took over your house in a foreclosure, either before or after filing a...
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Robert Weed
- Jan 8, 2010
- 2 min
Bankruptcy Outlook for 2010
New Years There were 10,634 bankruptcy cases filed in the Alexandria bankruptcy court in 2009. That broke the record of 9,769 set in...
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