Signs You Should File For Bankruptcy

Navigating financial difficulties can be overwhelming and stressful. If you find yourself drowning in debt with no relief in sight, filing for bankruptcy could be a viable option to help you regain control of your finances. In this blog post, we will discuss the signs that indicate it may be time to consider filing for bankruptcy, the benefits of filing, and how it can provide you with a fresh start.

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Bankruptcy Could Be the Solution to Your Medical Debt

Medical debt is one of the biggest financial burdens faced by individuals and families. With healthcare costs continuing to rise and with some medical expenses not covered by insurance, it’s not surprising that many people find themselves struggling to pay their medical bills. Fortunately, bankruptcy could be a viable option for those grappling with medical debt. (more…)

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3 Reasons To Work With a Lawyer if You Owe Back Taxes

It’s no secret that taxes can be complicated. One small mistake or oversight can lead to many problems, especially if you owe back taxes. The prospect of squaring off against the tax authorities can be anxiety-inducing, to say the least. You must be precise and meticulous in your dealings with them, or you risk worsening things.

If you’re in this position, you have to consider working with a lawyer who specializes in tax law, especially if you owe a significant amount in back taxes. Here are a few ways a lawyer can help you navigate this predicament.

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Chapter 7 Bankruptcy: Navigating Dischargeable and Non-Dischargeable Debts

Filing for Chapter 7 bankruptcy offers a fresh financial start for many struggling with mounting debts. However, understanding which debts are wiped out and which ones remain is pivotal to planning for a debt-free future. As with all legal processes, the intricacies can often be overwhelming. This guide will break down the typical debts that can and cannot be discharged, allowing individuals to make informed decisions and navigate their financial journey with clarity.

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4 Types of Tax Penalties

Whether you’ve made an innocent mistake on your tax return or intentionally avoided paying your taxes, the IRS has a range of penalties to enforce compliance. Understanding these penalties and their potential financial ramifications is crucial for taxpayers seeking to avoid costly consequences. In this guide, we delve into the world of IRS tax penalties. (more…)

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6 Signs You Need To Engage a Tax Lawyer

The tax season is among the most frustrating times of the year. From doing complex calculations to filing returns, the tax season can be challenging. Unfortunately, tax issues don’t always go as planned. Sometimes, you’ll make mistakes that have dire consequences. However, you can always engage a tax attorney, especially when you are in any of the following situations. (more…)

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Chapter 7 Bankruptcy: A Step-by-Step Process

Chapter 7 — Overland Park, KS — Wiesner & Frackowiak LCWhen your financial situation gets difficult, help is available. Bankruptcy is not for everyone, but few other methods exist of dealing with debt that are expedient and efficient.

There are many benefits to filing Chapter 7 bankruptcy and getting a discharge. A fresh start is one of them. Stopping phone calls is another.
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5 Ways Chapter 13 Bankruptcy Can Improve Your Life

Happy Couple — Overland Park, KS — Wiesner & Frackowiak LCDespite what you might have heard, Chapter 13 bankruptcy is helpful. If you file for Chapter 13 bankruptcy, you can actually improve your life. Of course, bankruptcy affects different people in different ways, but these are five major ways that filing Chapter 13 can help you.

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Debt Collection after Bankruptcy: What You Should Know

Couple Calculating Finances — Overland Park, KS — Wiesner & Frackowiak LCIf you’ve filed for bankruptcy to try and settle overwhelming financial debt, you might be concerned about the possible actions debt collectors might still try to take against you. You can fight against any possible illegal actions of debt collectors if you understand your rights and learn what these collectors can and can’t do legally.

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5 Signs That You Should File for Bankruptcy

US Dollars — Overland Park, KS — Wiesner & Frackowiak LC

Though debt can help you acquire property or grow your business, it can also lead to stressful situations if you struggle to repay. What’s more, the amount you pay as interest depends on how long you take to repay your debt.

Therefore, if you have no money to repay your debts and are not ready to lose your assets to debt collectors, you might consider filing for bankruptcy. While bankruptcy may adversely affect your credit score, it can offer the debt relief you need to rebuild your finances.

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