Monthly Archives: April 2024
Bankruptcy and Personal Injury Lawsuits
Navigating the financial aftermath of a personal injury, whether you’re the plaintiff seeking compensation or the defendant facing a lawsuit, can be incredibly challenging. Adding bankruptcy into the mix complicates matters further, raising questions about the impact on ongoing or potential personal injury lawsuits. At Wadhwani & Shanfeld, we understand the complexities at this… Read More »
Lien Stripping in Bankruptcy: Removing Judgment Liens from Your Property
For many individuals facing financial distress, the burden of judgment liens attached to their property can feel like an insurmountable obstacle to regaining financial stability. Fortunately, bankruptcy offers a legal pathway known as “lien stripping” that can potentially remove these liens, providing much-needed relief. At Wadhwani & Shanfeld, we understand the complexities surrounding lien… Read More »
The Impact of Bankruptcy on Child Support and Alimony
In the midst of financial turmoil, filing for bankruptcy can seem like a beacon of hope for many struggling with overwhelming debt. However, for individuals with obligations such as child support and alimony, the intersection of bankruptcy law and family law presents a complex landscape. At Wadhwani & Shanfeld, we understand the nuances involved… Read More »
Dealing with Joint Debts in Divorce and Bankruptcy
Navigating the financial complexities of a divorce can be challenging, especially when intertwined with the prospect of bankruptcy. One of the most pressing concerns for couples in this situation is the management of joint debts. At Wadhwani & Shanfeld, we understand the intricacies involved and are committed to providing clarity and guidance on how… Read More »
The 3-2-240 Rule Explained: Discharging Tax Debts in Bankruptcy
Navigating the complexities of bankruptcy and IRS tax debts can be confusing for many individuals. A crucial aspect of understanding how to manage or discharge tax debts through bankruptcy involves the “3-2-240 Rule.” This rule outlines specific conditions under which tax debts may be eligible for discharge in bankruptcy proceedings. At Wadhwani & Shanfeld,… Read More »
Can Bankruptcy Discharge IRS Tax Debts? Understanding Your Options
Facing IRS tax debts can be a daunting challenge, leaving many individuals feeling trapped by their financial obligations. However, bankruptcy offers a potential pathway to relief for those burdened by tax debts. The possibility of discharging IRS tax debts in bankruptcy is a complex area of law governed by specific rules and conditions. Contact… Read More »