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ALLA TENINA

Tenina Law, Inc. is a highly-regarded and well-established Tax and Dispute Resolution practice and have acted in many of the complicated tax disputes before the IRS and the United States Tax Court. We are able to draw on the skills of the leading practitioners with depth of experience in Tax Resolution to enable us successfully to represent clients in a wide range of tax-related disputes.


"We have been using services of Tenina Law Offices for few years already. As a private money lender, we ran into delinquency and bankruptcy situations with our borrowers quite often. Tenina Law has been helping with foreclosure consulting for delinquent borrowers and borrowers that file bankruptcies to stop the sale of the property. They also, successfully, help us file motions of relief from stay. They have full understanding of lending process and real estate in general, along with particulars of Bankruptcy law." see reviews for Alla Tenina >>

Chapter 7

The main rules for a personal Chapter 7 Bankruptcy believed!

No. 1 - Bankruptcy frees the debtor of any legal obligation the debtor has to pay the debts that existed when the debtor filed the Bankruptcy. 

No. 2 -  Property belonging to the debtor will be taken and sold to pay  creditors.

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Rule No. 1 is for the most part true.

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Rule No. 2 is for the most part false.

 

To be able to file a Chapter 7 Bankruptcy a person must qualify financially using the Means Test a special calculation taking many considerations into the sum. 

 

As of now if someone filed a Chapter 7 within the last eight years or a Chapter 13 within the last six years. There are valid reasons not to file a Chapter 7 Bankruptcy, even if a person is eligible to file a Chapter 7. The main reason not to file a Chapter 7 Bankruptcy is that one would loose property in a Chapter 7 Bankruptcy that they want to keep. The various reasons not to file a Chapter 7 are discussed 

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