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Bankruptcy News - Personal bankruptcy information provides an overview to bankrutpcy law.

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127 Can the IRS levy my wages while in Chapter 13 bankruptcy?

Can the IRS levy my wages while in Chapter 13 bankruptcy?While in active Chapter 13 bankruptcy you are protected by the automatic stay therefore the Internal Revenue Service cannont levy your wages for income taxes owed. Any prior taxes years owed to the I.R.S. should be included and paid in your Chapter 13 bankruptcy plan.If you recieve letter from the I.R.S. with intentions to levy […]

Chapter 13 Debtor with loss of incomeA Chapter 13 debtor should contact thier attorney as soon any loss in income occurs. In some cases, your attorney may be able to file Chapter 13 plan modification to decrease your monthly plan payment for 2-3 months to allow you opportunity to replace the loss of income. When loss of income occurs in […]

Chapter 13 Agreed OrdersIf Motion for Relief is filed by a creditor in Chapter 13 bankrupcy case then the creditor is alleging that the debtor is delinquent on payments owed directly to them outside the Chapter 13 plan or debtor has fallen behind on bankruptcy plan payment to the Trustee. A motion for relief is generally filed by […]


Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. A declared state of bankruptcy can be requested by creditors in an effort to recoup a portion of what they are owed; however, in the overwhelming majority of cases, the bankruptcy is initiated by the bankrupt individual or organization.

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