About Robert Vitt Expertise I am able to answer general questions regarding Chapter 7 and Chapter 13 bankruptcy cases. I have particular experience in personal (i.e., non-business) bankruptcies. I am unable to answer any questions pertaining to Chapter 11 bankruptcies.
Experience www.bankruptcy-ie.com
I am admitted to practice in the Central District of California and currently run my own law firm which specializes in bankruptcy.
Organizations San Bernardino County Bar Association, California State Bar
Education/Credentials Bachelor of Arts, Philosophy
Master of Business Administration
Juris Doctor
Master of Arts, Philosophy
Past/Present Clients I have had a variety of clients throughout my career. However, my immediate past clients have been predominantly individuals filing for debt discharge under Chapter 7.
Question We owe about $50,000 in back taxes in Federal (filed over 2 years ago May 2007). $20,000 in state taxes (on default filed at the same time as the Federal) we earn about 100,000 a year and have some student loans (not paid) a judgment of about $10,000 against us. Can bankrupt help people like us? How ugly is life during and after bankrupt? It is true that if a person go bankrupt and pay 12 payments under the bankrupt it is possible to buy a house later?
Answer Roseline,
Bankruptcy can help you. Some Tax debts are NOT dischargeable in bankruptcy, neither are student loans.
Life is not "ugly" after bankruptcy or during bankruptcy. There are different kinds of bankruptcy, there are Chp 7 and Chp 13. They each take different lengths of time and they each have their quirks.
Most clients say that if they had known it was that easy, they would have done it years ago.
As for buying a house, you will be able to restore your credit over time and eventually to the point where you can buy a house. This is because a bankruptcy usually stays on your record for only 10 years.
I hope this helps. I suggest you consult with a Bankruptcy attorney, they usually provide a free consultation that will give you a good idea as to your particular position.
