In Chapter 7, asset case, would my property taxes be paid in full with assets before any credit cards get any?
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Yes, the property taxes are secured debts while credit cards are unsecured.*** THIS IS NOT LEGAL ADVICE--ONLY A LAWYER CAN PROVIDE THAT. ***
My posts represent hours of research on and off the web, these forums, my experience, and my opinions. -
Actually, taxes are Priority.
Secureds get paid first. Then Priority Creditors. The IRS, State and Local taxing authorities, and such are considered Priority.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...Comment
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