Author: wflaw

While most Americans don’t enjoy having to work with the IRS on any issues, some of those issues are simply too complicated for the average taxpayer to successfully manage on their own. In this case, a tax attorney can be the best investment the taxpayer will make. Read on to learn five times you might have an IRS problem and need the help of a skilled tax attorney.

1. Filing Old Tax Returns (more…)

The discharge of qualifying debts is generally the most important part of bankruptcy protection. But what about a borrower whose debts are not eligible, are unlikely to be discharged, or have collateral they’re not prepared to lose? Should you still file bankruptcy if your particular debts may not be discharged? The answer is often yes. Here are five ways you may still find relief.

1. Some Discharge Frees Up Money (more…)

Wage garnishments to someone living paycheck to paycheck can easily take away the ability to keep up with other financial obligations. The struggle to stay on top of debts and keep a home or feed a family can become overwhelming. You can’t always stop a garnishment, but bankruptcy can make it easier to live comfortably.

Debtors often find themselves unable to meet their basic needs when they experience a garnishment due to three common types of debt. Student loans, child support, and excessive medical bills are a problem for many people. Bankruptcy can help in these instances but in different ways. Discover what anyone facing a garnishment should know.

1. Unpaid Medical Bills (more…)

Have you failed to file income tax returns for a few years? For many taxpayers, a single missed year can accidentally turn into several missed years. There may or may not be immediate consequences, but many find it hard to get back on track. If you’re in this position, here are four things you should know about filing old taxes.

1. You Can Still File (more…)

Filing for bankruptcy involves gathering a lot of information together, reading a lot of material, and completing a variety of steps. The primary function of most of this work is to come up with the correct numbers for four specific calculations. What are these calculations? And what do they mean for you? Here’s what you need to know.

1. Dischargeable Debt (more…)

Unless you’ve already been through the process, you may not know much about bankruptcy. It can be a sensitive subject, and many believe that it is only reserved for financially swamped people. However, anyone can experience financial stress, and bankruptcy is a great way to overcome financial potholes. If you would like to learn more, check out these three myths.

1. Myth: Only Financial Failures File Bankruptcy (more…)

What would you do if you found yourself in a tricky financial situation that prevents you from paying your debts? While many view bankruptcy negatively, it is a perfectly fine form of debt relief and might be your only alternative. However, filing for bankruptcy can come at a cost. Therefore, you will need to decide whether or not bankruptcy is the right decision for your specific situation.

Below is a guide explaining the pros and cons of filing for bankruptcy.

Pros of Bankruptcy (more…)

Are you considering bankruptcy during the later part of your working career? Many Americans struggle with debt and financial challenges even as they start to look toward retirement on the horizon. But you may wonder how bankruptcy will affect your retirement plans. Are your assets safe, or will this create a retirement setback worse than your current challenges with debt?

To help you make the right call about your financial position, here are a few answers to your questions about retirement and bankruptcy. (more…)

Bankruptcy is always a complicated decision. But when you are married, it is even more complex. You must, after all, consider more than just yourself and your particular financial and material situation. You also have additional choices as a married partner. To help you find the right path to a solid financial future as a family, discover a few answers to your questions about marriage mates and bankruptcy.

Must Both Spouses File Bankruptcy?

Legally, each individual debtor is treated as a unique case. So, while you should make a bankruptcy decision as a family, you aren’t obligated to file bankruptcy just because your spouse does.
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Bankruptcy is a hard decision for most Americans, and this means it’s often put off until the last possible moment. But has that moment already past? If you’re being sued by creditors, have seen your wages garnished, or have already seen an asset repossessed, is it too late to seek help through bankruptcy? The answer is often no, and here’s what you need to know about why.

1. If You’re Being Sued

When a debtor can’t make the payments to a creditor, that creditor has the right to eventually ask the court to order the debtor to pay. If they still can’t or won’t, the order to pay may also be followed by an order to seize some sort of assets (such as cash, wages, or a vehicle) to pay the debt. The good news is that a bankruptcy filing includes an automatic stay that stops all collections processes — including a lawsuit.
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