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Can Bankruptcy Help Me With Back Taxes? 🧾Chesapeake VA

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In most cases, credit card debt is considered unsecured debt and can be completely discharged in a Chapter 7 bankruptcy. However, there are some exceptions that are important to know. The law is designed to prevent people from running up their credit cards just before filing for bankruptcy. For example, if you made a cash advance of over $1,000 on a single card within 70 days of filing, that debt might be considered non-dischargeable. The same rule applies to luxury goods or services purchased for over $725 within 90 days. These rules, intended to prevent fraud, highlight the importance of careful planning and honest communication with your bankruptcy attorney. For most people, a well-planned bankruptcy can offer a complete fresh start from credit card debt. ✅
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Can Bankruptcy Help Me With Back Taxes? 🧾Chesapeake VA

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