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justbroke
justbroke
Super Moderator
Last Activity: 06-15-2018, 01:04 PM
Joined: 07-10-2008
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  • This is certainly helpful for many. I was fortunate enough, or not, that I took a taxi to the courthouse, knowing that downtown parking is awful in any major city.

    Thank you for giving back to the community by sharing your experience.
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  • If you file in person, you will receive your case number. Your petition, however, will likely not be in CM/ECF until the "intake" group goes through the petition and scans it into the system; that could take 1-3 business days. You can bring a second copy of the petition and ask that the...
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  • A federal tax lien must be renewed after the 10 years and can only be renewed once (making the maximum collectible period 20 years). I wouldn't "tickle" the sleeping giant (the IRS) by asking, at this time, whether there is an active FTL in place. You'll figure out where you stand when...
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  • You don't need to do anything to get tax debt discharged, unless the IRS disagrees with your rationale or you have a federal tax lien. The IRS is pretty good about following the law and many people found them to be pretty good at following the 3/2/240 rule. The IRS should file a claim and you will...
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  • justbroke
    replied to Us trustee subpoena
    Best of luck to you!
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  • justbroke
    started a topic Score Drops 2 Points

    Score Drops 2 Points

    My 2008 Bankruptcy just fell off my credit report. It was filed in July 2008 and, as you may know, was a Chapter 13 converted to and discharged as a Chapter 7 (non-consumer). Successful Chapter 7 bankruptcy fall off after 10 years. I had wondered when mine would actually fall off. I just received...
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  • I would worry about the 1099-C that you're receive. You'll pay taxes on that 60% reduction. Guessing... that's at about $65,000 in "ordinary income" and you'll likely pay 25% of that in taxes. There may be a way to avoid the taxes if you can show that you were insolvent at the time of the...
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  • justbroke
    replied to reaffirm mortgage with equity
    My thoughts on reaffirming a mortgage are in line with what everyone is saying. If you have equity and you have an uninterruptable stream of income (not from employment), then reaffirmation could be a good choice. I say "could be" because you must ask the golden question: what does reaffirmation...
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  • justbroke
    replied to 401K deductions
    I live in Florida and filed in Florida so I'll give you my experience with Florida Chapter 13 bankruptcy trustees.

    In most Florida Chapter 13 plans, you can have either a contribution or a 401(k) loan replacement, but not both. Since you only have contributions you should be allowed to...
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