Debt Forgiveness and Bankruptcy Debts forgiven in bankruptcy are never taxable. However, some debts forgiven outside of bankruptcy may create a tax liability for the debtor. Let's take a look at few tax issues...
Yes, tax season is over, but the battle of tax refund anticipation loans is still ongoing. The Federal Deposit Insurance Corp. (FDIC) is going after Republic Bank & Trust Co., the last bank standing...
Considering Bankruptcy and Haven't Filed Taxes? Properly filing your taxes is an important part of making sure that your bankruptcy case goes smoothly. Failure to file taxes can end in the dismissal of your...
In a recent Chapter 13 bankruptcy case, the bankruptcy court was faced with the issue of how to apply interest on tax debt in a repayment plan. As stated in the Trustee's original motion...
Consumer advocates are calling on the FTC to beef up enforcement of new rules governing debt settlement companies after realizing that many debt settlement companies were coming up with new tactics to circumvent the...
After debt becomes extremely delinquent, the creditor often chooses to sue the borrower and win the right to garnish their wages and/or bank account. But what happens when a debtor has a joint account...
Avoiding harsh collections actions such as bank levies, wage garnishments and other asset seizures is one of the reasons that many debtors file bankruptcy. But one of the problems with this motivation is that...
