When you did your federal income taxes for 2019, did the outcome make you wince because you owed more than you could afford to pay? It’s a stressful situation, but it’s not unusual. Each year, so many taxpayers are left in similar circumstances that the IRS routinely offers installment agreements with those who qualify for

Despite bankruptcy being an official legal process governed by federal law, the only time most debtors see inside the courtroom during the proceedings is at the Meeting of Creditors, commonly called the 341 meeting. We would like you to have a general understanding of what happens at this meeting, what you will need to bring

  Bankruptcy takes a major toll on your credit score. It will stay on your report for ten years after you file. Although this may seem like an insurmountable challenge, it actually becomes tolerable with a little hard work and care. As more time passes, the bankruptcy will weigh less and less heavily on your

  In these difficult and unprecedented times, many business owners are finding out that the future is uncertain. You may be asking yourself: – Is my business healthy?  – Will we be able to make it through a recession?  – Can we afford to stay in business if less people are spending money on our

You might be feeling a loss of control if you see that your paychecks, which you work so diligently and hard for, are being reduced because there is a garnishment order against you. Your financial situation, which was already less-than-stable, is a little more dire thanks to one or more judgments. Fortunately, there is a

If you are considering filing for (personal) bankruptcy, understand that you have two options: a Chapter 7 filing or a Chapter 13 filing. While these two types of bankruptcy have the same aim – discharging your eligible debts and freeing up your financial situation – they go about it differently.    Chapter 13 bankruptcy (often

The current pandemic taking hold across the world is not something that has been experienced in generations. It has touched nearly every aspect of people’s lives, and the legal system is no exception. If you have recently filed or were planning on filing for bankruptcy, you must be wondering how that might be affected by

Student loans are one of the main sources of financial stress for young people today. They’re talked about all the time because they’re on people’s minds, and that’s probably how one of the biggest misconceptions about bankruptcy sprouted up. So many people believe that even filing for bankruptcy cannot do anything to help you with

  If you are filing for Chapter 13 bankruptcy and want to know what to expect, it’s helpful to learn about the concept of a cramdown. Learn more below…   What is a Cramdown in Chapter 13 Bankruptcy?   The objective of a cramdown is to reduce the principal balance of a secured debt to

One of the most important resources a business can have is a strong relationship with a business attorney. From the very start, businesses face many legal issues. Since there is money and livelihood at stake, it is important to have the guidance of someone who knows about the laws that regulate businesses. Read on to