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Ryan Beach
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Public Service Announcement: File your tax returns on time! It has long been understood that the Bankruptcy Code makes nondischargeable recent income tax debts (taxes for which the return was due within three years before the bankruptcy filing). However, a number of Circuits have now held that old income tax debts are nondischargeable if the taxpayer-debtor filed the related tax returns late. That right, that would mean late-filed tax returns can NEVER be discharged. Huge strike against debtors. 

http://www.creditslips.org/creditslips/2015/02/all-late-filed-taxes-now-nondischargeable.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+creditslips%2Ffeed+%28Credit+Slips%29
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Famous or not, divorce is often cited as a leading cause for filing bankruptcy. Consulting with an experienced bankruptcy attorney before filing for divorce can make the bankruptcy and the divorce less complicated and more cost effective.
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Public Service Announcement: File your tax returns on time! It has long been understood that the Bankruptcy Code makes nondischargeable recent income tax debts (taxes for which the return was due within three years before the bankruptcy filing). However, a number of Circuits have now held that old income tax debts are nondischargeable if the taxpayer-debtor filed the related tax returns late. That right, that would mean late-filed tax returns can NEVER be discharged. Huge strike against debtors. 

http://www.creditslips.org/creditslips/2015/02/all-late-filed-taxes-now-nondischargeable.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+creditslips%2Ffeed+%28Credit+Slips%29
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