When debtors file Chapter 13, all disposable income is paid into the plan and used by the trustee to offset plan expenses. Only regular income, not considered disposable, is the income used to establish and make plan payments and pay reasonable expenses, such as: housing, food, and transportation. Tax refunds are considered disposable income and, typically, must be paid into the plan.

By Nikita Stewart and Luis Ferré-Sadurni
On a corner of 86th Street and East End Avenue in Manhattan on Sunday, three posters for a missing man were still hanging on a lamp post about a block from the East River.

Homeownership dream dies for many under 40 due to student loans.

Many callers ask the same question “will I lose my home if I file for bankruptcy?”
Your home is your most valuable asset.

Collection Lawsuit papers are NOT like all the rest of the collection letters that have likely been piling up for months.  There are usually real consequences to a lawsuit. If you get served with a lawsuit, it’s understandable if you believe that there is nothing you can or should do about it.  But doing nothing is almost never a good idea.
Why not?

By Jessica Bruder

Collection lawsuit papers are NOT like all the rest of the collection letters that have likely been piling up for months.  There are usually real consequences to a lawsuit. If you get served with a lawsuit, it’s understandable if you believe that there is nothing you can or should do about it.  But doing nothing is almost never a good idea.
Why not?

Here at Shenwick & Associates, many clients, lawyers and accountants have called us regarding the discharge of taxes in bankruptcy filings.  Many kinds of “old” state and federal income taxes are dischargeable in bankruptcy. In the case of income taxes, they are dischargeable in Chapter 7 if all the following criteria are met:

Student Loan Debt Rises to $1.5 TRILLION in May, 2018