A “tax lien” is often imposed on a property as a means of securing the payment of back-owed taxes and the IRS will issue this tax lien to ensure that it gets paid no matter what.
Claire’s jewelry has been in a fixture in malls for the past four decades. But on Monday, the retailer announced it will be filing for Chapter 11 bankruptcy protection in an attempt to shed $1.
Toy retailer Toys R Us will be converting its Chapter 11 case into a Chapter 7 case after it has been unable to secure funding to allow it to restructure.
The Weinstein Co. is headed for bankruptcy just four months after the man helming the company, Harvey Weinstein was accused of multiple allegations of sexual misconduct and assault.
Currently, student loan debt cannot be discharged in bankruptcy, but a recent move by the Department of Education might indicate that it would be interested in changing current standards.
With our current political climate, it goes without saying that the cost of health care is a major concern for nearly all Americans.
While there are actually no restrictions when it comes to how many bankruptcy cases you are able to file if your debts have been discharged in bankruptcy, you will need to wait a certain amount of time before you are able to discharge debts again.
Tax Liens and What Happens During Bankruptcy A “tax lien” is often imposed on a property as a means of securing the payment of back-owed taxes and the IRS will issue this tax lien to ensure that it gets paid no matter what.
As 2017 came to a close, the number of companies at potential risk of defaulting on their debts or seeking bankruptcy court protection continued to grow.
If you are facing foreclosure, it’s advised that you work with a bankruptcy attorney that can explain what options you have to keep your home, including filing for a Chapter 13 bankruptcy.