Matt Berkus – Reliant Tax Relief

3278 S. Wadsworth Blvd Suite 1-135
Denver, CO 80227, United States

  • 888-605-9157
  • 888-318-8868

Settle Student Loan Debt, Will I Pay Income Tax?

If you settle student loan debt after bankruptcy, you will not be able to use the bankruptcy exception to Forgiven Debt Income Tax, but you might still qualify for the insolvency exception. In any event, when settling private…more
| Bankruptcy, Consumer Protection, Taxation

341 Meeting of Creditors, What To Wear?

The 341 meeting is the first, and usually the only, time the trustee sees you; so impressions matter. If your outfit does not match the expectation set by the petition, the bankruptcy trustee, consciously, or more likely…more
| Bankruptcy

Settling My 2nd Mortgage After Bankruptcy, Will I Owe Tax?

Normally, a settled debt is subject to what the IRS refers as forgiven debt income tax liability. For example, let’s say you owe a bank $10,000, and the bank later agrees to accept $4,000 as a full accord and satisfaction of…more
| Bankruptcy, Taxation

After Bankruptcy, How Should a Second Mortgage Appear on Credit Report?

A creditor is required to report accurate and not misleading information about the consumer’s account. Therefore, if a second mortgage was included in a chapter 7 bankruptcy, not reaffirmed, and the judge entered no order…more
| Bankruptcy, Consumer Protection

What Happens When A Chapter 13 Bankruptcy is Dismissed?

When a chapter 13 bankruptcy is dismissed, you still owe the debt that was included in the bankruptcy, minus any payments received by the creditors from the chapter 13 trustee. However, the creditors get to go back to your…more
| Bankruptcy

Can You Buy A Car Before Filing Chapter 13 Bankruptcy

One frequently posed solution to lowering a chapter 13 bankruptcy debtor's plan payment is for the debtor to purchase, and finance, a vehicle on the eve of filing bankruptcy. Is such a plan a legitimate case planning tool and…more
| Bankruptcy

What Are The Administrative (Statutory) Student Loan Discharge Options?

Student loan debt is one of two unforgivable debts (the other being back child support). Once you take on a student loan, whether you are a borrower or cosigner, you are basically stuck with debt…almost! You may be aware that…more
| Bankruptcy

Tax Consequences of Surrendering Investment Property in Bankruptcy?

If a debtor surrenders investment real estate in bankruptcy, in addition to the risk of forgiven debt income tax, the debtor must be cognizant of potential capital gains tax as well…more
| Bankruptcy, Taxation

Owe IRS, File Chapter 13 Bankruptcy, IRS Gets To Keep Tax Refund

Don't be shocked; but filing bankruptcy doesn't stop the IRS from keeping a bankrupt debtor's tax refund. The IRS can still employ its right of set off to keep a taxpayer's tax refund to pay back-taxes notwithstanding the…more
| Bankruptcy, Taxation

When "Life" Happens In Chapter 13 Bankruptcy, There Are 4.5 Ways to Make Changes

Chapter 13 bankruptcy is a 3-5 year payment plan; let's be real, things change over time. The good news is that you can change your chapter 13 plan over time. Join Matt Berkus as he discusses the options for making changes or…more
| Bankruptcy

Bankruptcy Monthly Expense Worksheet

Nothing is more important in bankruptcy than the monthly budget. Your budget determines if you qualify for chapter 7 bankruptcy, or if chapter 13 bankruptcy, determines your monthly payment. The challenge, is that many people…more
| Bankruptcy, Taxation

Debt is Slavery

Do you know how much power you give your lenders by taking on debt? Aside from committing a criminal act, being in debt is the greatest restriction on your freedom, both in time and money. Debt is really slavery. Join Matt…more
| Bankruptcy
In Re Elliot, Colorado Bankruptcy Court, 10-31663-ABC, 5/2011

Surplus Foreclosure Funds Exempt Under Colorado Homestead Exemption

In the rare event (in this depressed housing market) that a foreclosure sale yields surplus funds beyond that needed to satisfy the mortgage, the prior homeowner receives those funds; those funds are protected from other…more
| Bankruptcy

Not Filing Bankruptcy Can Cost You Over $1 Million Dollars

It can cost you over a MILLION dollars in lost savings if you don't file bankruptcy to resolve your debt challenges. The true cost of getting out of debt is not just the interest paid on credit cards, its the lost opportunity to…more
| Bankruptcy

What Happens When A Creditor Objects To Discharge In Bankruptcy?

Creditors have the right to object to the discharge of their debt in bankruptcy. Although such actions are rare, these objections are a real risk to bankruptcy filers that were living off of credit cards prior to filing…more
| Bankruptcy
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Areas of Practice
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  • Taxation
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