property

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 [...]

2021-01-14T16:00:06+00:00January 28th, 2014|Taxes|

Non-Exempt Property

Some people own property that cannot be protected in bankruptcy (non-exempt property). One option for property that is not exempt is the possibility of “buying back” non-exempt property from the trustee in a Chapter 7 bankruptcy. This is where the debtor has exempt funds available that can be used to "bid" on his own [...]

2021-03-03T23:13:15+00:00January 28th, 2014|Chapter 13 Bankruptcy, Chapter 7 Bankruptcy|
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