Tax returns: You should give immediate attention to the filing of all due tax returns that have not been filed. You will also be required to submit a signed copy of the last four years of your federal and state income tax returns to the trustee appointed in your case. If you do not have a copy of the returns, we will assist you in obtaining a transcript form the Internal Revenue Service.
Bankruptcy classes: The bankruptcy law requires you to participate and complete two bankruptcy classes. The first class is a credit briefing class that explains bankruptcy. Individuals seeking relief under bankruptcy law must submit to a credit briefing within 180 days prior to the filing of their case. Our office will assist you in registering and completing the credit briefing requirement. By law, we cannot provide the service, and an outside agency must teach the class. After your case is filed, you will attend a Meeting of Creditors. When the Meeting of Creditors is completed, but before you can receive a discharge, you must attend a financial management course. There will be nominal costs you will be required to pay for the two bankruptcy classes.
Discharge: Congress has determined individuals seeking relief under bankruptcy law should be limited in the discharge of certain debts for domestic support, recent tax obligations, fraud, certain international torts–such as damages resulting from driving under the influence–and student loans. Some exceptions will apply. In addition, the intentional transfer of assets, destruction of records or false information provided to the bankruptcy court can result in both a loss of discharge and in some cases criminal sanctions.