Foreclosure Sale Overview
What is the foreclosure process in Texas? Notices, sale dates and what happens if your home goes into foreclosure.
Property Tax Relief for Disabled and Elderly
Disabled and elderly homeowners (65 and older) may have more options for repayment of property taxes. Easier payment plans or even tax deferral may be available in some circumstances. This help is not automatic and you should contact the tax appraisal office and follow their procedures. What Assistance Can I Get for Delinquent Property [...]
Collection of Delinquent Property Taxes on Your Home
Notice of Delinquent Taxes Annual Notice – Taxing units are required to mail an annual notice of delinquent taxes. Failure to provide notice may be an affirmative defense to a judicial foreclosure suit which the taxpayer can raise if the taxing unit fails to send the notice. Statute of Limitations on Collection of Delinquent [...]
Understanding Property Taxes (Ad Valorem Taxes)
Property Taxes are normally a secured debt, secured by the home, real estate, or business property. Property taxes create a lien against the property which attaches to the property on January 1 of each year even though the taxes are not due until later. Property taxes are a personal obligation of the person who [...]
Non-Bankruptcy Options for Tax Debt
There are a couple of non-bankruptcy options for tax debt. Placing the Taxes in Non-Collectible Status This is where you request that the IRS place the account in non-collectible status because you simply cannot afford to pay your taxes and live under the IRS standards (which are pretty frugal). So, if you have no [...]
Effect of Tax Lien on Payment of Taxes in Chapter 13 Bankruptcy
Taxes that normally may be discharged must usually be paid as a secured debt to the extent that they are secured by a validly perfected IRS lien, regardless of whether the property is exempt from bankruptcy. This means that once the automatic stay protection of the Bankruptcy Court ends, the IRS can still collect [...]
Discharging Income Taxes in Bankruptcy
Certain taxes, such as payroll taxes or trust taxes, are not dischargeable. Federal income taxes may be dischargeable depending on a number of factors. Generally, in order for taxes to be dischargeable:The tax return must have been due more than three years from the filing of the bankruptcy petition. This includes extensions, so if you [...]
Hiring an Attorney to Assist With Correcting Credit Report
Most people are comfortable handling the initial dispute themselves, rather than paying an attorney. Most errors can be resolved through the dispute process. Keeping copies of your attempts to correct the error is critical. In the event that you are unable to resolve the error through the dispute process, your attorney will need copies [...]
Getting a Home Loan or Car Loan After Bankruptcy
Many people believe that if they file bankruptcy; then they cannot obtain any credit for ten years. Actually, obtaining credit at any time is normally based upon three factors: Your ability to repay the loan, The creditor’s collateral position, and Your credit history. Filing bankruptcy seriously impacts a person's credit score. This, however, does not [...]
Keeping Your Tax Refund and Filing Bankruptcy
Is Keeping Your Tax Refund After Filing Bankruptcy Possible? It depends. To be eligible to receive a discharge, a debtor must have filed the last four years of tax returns if returns are required. Your attorney is required to provide a copy of the copies of the last tax return filed to the trustee. [...]