Alla Tenina practice law in California and New York she graduated from Hastings College of Law .
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.
Alla Tenina specializes in in bankruptcies, real property, complex tax matters, and corporate matters.
Chapter 7 Bankruptcy
A better name for Chapter 7 is the “Fresh Start” Bankruptcy. The reason is that a Chapter 7 Bankruptcy can wipe out the most common unsecured debts such as credit cards, medical bills, personal loans and all other debts which are not ‘secured’ against some collateral.
Chapter 13 Bankruptcy
A Chapter 13 is a reorganization or restructuring of your debt. The basic concept of a Chapter 13 is that you will repay some of your debt through a re-payment plan. The amount of debt you repay will depend on the type of debt and your income.
Chapter 11 Bankruptcy
Chapter 11 bankruptcy was originally designed for businesses but individuals may also file under this chapter. Those individuals who exceed the debt limits of chapter 13 bankruptcy are required to file under chapter 11. The current debt limits for chapter 13 is $1,149,125 for secured debts and $383,175 for unsecured debts. The debt limits appear to be low for those individuals who own more than one property whose values have dropped significantly.
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