Loretta Burnett answers all taxpayer frequently asked questions about bankruptcy!!
LABurnettLegal responds to frequently asked questions concerning bankruptcy and taxes!!
Loretta Burnett answers ALL tax and bankruptcy questions!!
Ask Loretta any bankruptcy question!!
Loretta smashes IRS position!
Frequently Asked Questions
How much does it cost?
What is the difference between a chapter 7 & a chapter 13?
Will I be able to keep my car, my house?
How much debt do I need to file bankruptcy?
How does divorce affect filing for bankruptcy?
Can I discharge my tax debt?
Can I discharge my student loans?
Will I be liable for my home that was foreclosed on if I file bankruptcy?
When can I stop the garnishment on my paycheck?
Will my IRS tax lien be discharged in bankrupcty?
If I file bankruptcy can the IRS take my refund?
How do I stop these phone calls?
IRS Audit Preparation & Defense
LABurnettLegal - Bankruptcy Specialists
Burnett Legal Law Offices
2 convenient Colorado Springs locations!
West Side - Loretta Burnett
(719) 380-7333
1501 W. Kiowa St., Suite B, Colorado Springs, CO 80904
Pueblo Location
Pueblo, CO 81003
A: Once you have retained our office you can give your creditors our name & number & this will help alleviate a lot of the calls-however until the case is filed they can still call you.
A: This is a very complex question and cannot be answered with one or two short sentences. At our law office we prefer to tailor this answer by example, & the best examples involve those situations which are affecting your life-so rather than confuse the client at this juncture-contact us to schedule your free initial consultation today.
A: THE FEE VARIES & IS DETERMINED ON A CASE BY CASE BASIS. Our fees start at $851-many cases are that amount but we ethically cannot give you an actual fee quote until you have visited our office & met personally with the attorney.
A: Again this is a complex question-but in most instances our clients are able to keep their real estate & personal property as long as the budget & income supports these payments.
A: There is no minimum amount; however in a Chapter 13 bankruptcy there is a maximum amount of debt the debtor can have.
A: Divorce can significantly affect the timing of the bankruptcy filing & the type of debt discharged. In some cases a chapter 13 plan payment, where the payment is based on income & expenses-not necessarily the amount of the debt, may be the answer if a individual was ordered to pay marital debt.
A: Sometimes yes-sometimes no. Before you visit our office go to TaxHelpLaw.com and follow the Steps to getting the tax legal documents and advice you need before you come in. If there is time, Ms. Burnett works with J David Hopkins to arrange your situation where your tax debt will be dischargeable. But, it takes cooperation and work by both lawyers.
A: No, not through the usual bankruptcy process. In order to discharge a student loan a proceeding called an adversary proceeding must be filed & only a small percentage of these cases win.
A: Not until the bankruptcy is filed with the bankruptcy court-just retaining an attorney will not stop the garnishment.
A: With a Ch. 7 bankruptcy the tax liens usually survive and continue through the collection time period. With Ch. 13 bankruptcies, the tax lien is often paid and released at the end of the payoff. Each case is different but return filing is important!
A: The answer can be complicated. If you receive your refund before the bankrupcty is filed, then the trustee cannot take it but they will wonder where you spent the money. The IRS might argue that the refund should be offset against non-priority tax debt. If you are expecting a refund, the trustee will want it.
A: In most all cases, no.
IRS Audit Defense Website:
215 S. Victoria Ave. #D