More people will be able to get help for their debt problems on April 1, 2010, when the chapter 13 debt limits increase about seven per cent.
$360,475 of unsecured debt
$1,081,400 of secured debt
These numbers are the caps on the amount of debt an individual may have and be eligible for chapter 13 bankruptcy. The ceilings apply [...]
Read the full article »
DISMISSAL FOR FAILURE TO FILE RETURNS MANDATORY UPON
MOTION
In re McCluney, Case No. 06-21175
June 2007, Judge Somers
The Court sustained a motion to dismiss by the IRS for failure to file pre petition tax returns as required under the new 1308 provision. This is not an “automatic dismissal” provision, but once the motion was filed, Judge Somers [...]
Read the full article »