charsetndows-1252
Individual debtor includes joint filers per 101.
But I'm confused; if the tax debt and the student loan debts aren't going anywhere, are you filing as a 13? If not, doesn't seem to be much of a reason to file at all.
Consider non-bankruptcy options for the student loan repayments; that may alleviate the strain of the tax debt repayment.
Just a thought.
Jay S. Fleischman, Esq.
Shaev & Fleischman, LLP
Smart Solutions To Bill Problems
T: 626-808-4343 x704
E:
jay@sflawca.com
www.ConsumerHelpCentral.com
556 S Fair Oaks Ave Ste 101-152
Pasadena CA 91105-2656
Email isn't secure, so it's not confidential. By communicating with me by email, you understand that it's not confidential.
On Oct 18, 2012, at 12:31 PM, "Steven B. Lever" wrote:
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> I have 2 PCs, married and both attorneys. They married after they incurred all student loans.
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> They have almost no consumer debt except home mortgages and student loans. They will soon lose their $1.2 million home erasing that debt as it is all nonrecourse thanks to CCP 580(b) or (d).
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> Student loans are $75,000 for one and $118,000 for the other. Therefore about $200,000 together.
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> Taxes, which are non-consumer are $130,000.
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> Due to high incomes they need to be a non-consumer case to file.
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> If I file them together, you have the student debt more than tax debt.
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> If I file them separately, the tax debt is more than the student loan debt.
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> However, Id like to file them together.
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> 11 U.S.C. 707(b) states any party in interest may dismiss a case filed by an individual debtor under this chapter whose debts are primarily consumer debts
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> Does the word individual debtor mean they can file together?
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> Steve
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> Law Offices of Steven B. Lever
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> > Steven B. Lever
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> >( Tel. (562) 436-5456 ext. 1
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> >( Fax (562) 485-6886
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> >*
sblever@leverlaw.com
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> >
www.leverlaw.com
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charsetndows-1252
Individual debtor includes joint filers per 101.But I'm confused; if the tax debt and the student loan debts aren't going anywhere, are you filing as a 13? If not, doesn't seem to be much of a reason to file at all.Consider non-bankruptcy options for the student loan repayments; that may alleviate the strain of the tax debt repayment.Just a thought.-----------/div>Smart Solutions To Bill ProblemsT: 626-808-4343 x704E:
jay@sflawca.com
The post was migrated from Yahoo.