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Filing For Chapter 7 Bankruptcy
Chapter 7 bankruptcy is commonly referred to as straight bankruptcy or liquidation. That is because the process includes the liquidation of any of the debtor’s non-exempt assets. Arizona has opted out of the Federal exemption scheme and adopted its own state specific exemption plan. Assets included on the list of exemptions cannot be attacked by the trustee.
How To Avoid Paying For Your Spouse’s Tax Mistakes
If your spouse reported items improperly on a joint income tax reform, you might be worried that you will held liable for any tax fraud or mistakes. However, if you are innocent, there are three ways to seek relief from the interest and penalties from Internal Revenue Service.