Your Medical Debt & Bankruptcy

Medical debt is one of the most common reasons why American's file for bankruptcy. With the rising cost of medical debt, many are looking to get help or even rid this debt by filing bankruptcy. Filing either a Chapter 7 or Chapter 13 bankruptcy can help you with your medical debt. Here's how: Chapter [...]

By |2021-09-16T11:30:47-05:00October 4th, 2021|Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt and Tax Relief, Medical Bills|Comments Off on Your Medical Debt & Bankruptcy

“Filing For Bankruptcy Is The Best Decision I’ve Ever Made”

Fast Company shares the stories of multiple people who have filed for bankruptcy. They share why it has been the best decision they've ever made. "Clean Slate" Whitney Reynolds filed for bankruptcy in 2014 because of overwhelming credit card debt. She had racked up $23,000 of credit card debt since graduating college. Her father [...]

By |2021-08-25T09:14:23-05:00August 25th, 2021|After Bankruptcy, Bankruptcy, Bankruptcy Q&A, Chapter 7 Bankruptcy, Credit and Bankruptcy, Debt and Tax Relief|Comments Off on “Filing For Bankruptcy Is The Best Decision I’ve Ever Made”

Options for Managing Debts

It should come as no surprise that many Americans carry significant debt, including student loans, mortgages, credit cards, and auto payments. Many people may find themselves spread thin, struggling to make payments for their financial obligations. This can lead to many considering how they can dig themselves out from under mounting debts. While bankruptcy may [...]

By |2021-01-12T14:24:45-06:00October 2nd, 2020|Debt and Tax Relief|Comments Off on Options for Managing Debts

Filing Bankruptcy for Credit Card Debt

Using Bankruptcy to Stop Credit Card Collections Can Bankruptcy Stop Credit Card Collections? Bankruptcy CAN stop collection attempts from credit card companies that include lawsuits or other forms of legal action. The automatic stay offers protection from collection attempts and stays in place until your case is completed. The stay goes into effect when you file bankruptcy, either Chapter [...]

By |2019-09-12T18:28:08-05:00May 29th, 2019|After Bankruptcy, Bankruptcy, Credit and Bankruptcy, Credit Tips, Debt and Tax Relief|Comments Off on Filing Bankruptcy for Credit Card Debt

Tax Relief Help

Social Security And Taxes Many senior citizens preparing for retirement may not realize that their Social Security income could be taxable under certain conditions. When determining whether Social Security income is taxable the government uses a formula that calculates the taxable amount. Basically when a senior citizen's income from other sources, such as a 401K [...]

By |2020-07-10T08:19:30-05:00April 12th, 2019|Debt and Tax Relief|Comments Off on Tax Relief Help

IRS Debt Relief

Tax Deductions You Don't Want To Forget  Property taxes - Combined with the new homebuyer tax credit this deduction can save many homeowners a lot on their taxes. You can add this deduction to your standard deduction if you don't itemize, or if you choose, you can add it to you itemized deductions. Sales taxes [...]

By |2020-07-10T08:21:28-05:00April 12th, 2019|Debt and Tax Relief|Comments Off on IRS Debt Relief

Back Taxes Help

Getting Rid of Back Taxes in Bankruptcy and What You Should Know Bankruptcy can help you eliminate back income taxes depending on your situation and qualifications. You can file Chapter 7 bankruptcy to discharge tax debt that qualifies under the bankruptcy code. If your debt does not meet these qualifications, you may consider Chapter 13 [...]

By |2019-04-24T16:34:21-05:00April 12th, 2019|Debt and Tax Relief|Comments Off on Back Taxes Help

Tax Debt Relief

Getting Relief from Tax-Debt Garnishments Most people have at least passing knowledge of wage garnishment –the process of deducting money from an employee’s monetary compensation (including salary) as a result of a court order.  Fortunately for those who find themselves in the unfortunate position of having their wages garnished, these payments are limited by federal [...]

By |2019-04-25T17:03:42-05:00March 27th, 2019|Debt and Tax Relief|Comments Off on Tax Debt Relief

Bankruptcy and Taxes

What Bankruptcy Can & Cannot Do For Federal Tax Debt If you have federal tax debt, you may be wondering if filing for bankruptcy can do anything to help your situation. You may have even heard commercials offering the hope of tax debt relief in bankruptcy, but it’s actually not that simple. Most tax debts [...]

By |2019-03-27T23:03:43-05:00March 27th, 2019|Debt and Tax Relief|Comments Off on Bankruptcy and Taxes

Four Bankruptcy Myths Busted

If you or a loved one are currently considering bankruptcy to address your financial problems and obtain a financial fresh start, it is important to remember that not everything you hear about the process is true. There are a great deal of bankruptcy myths surrounding bankruptcy, and they often comes through word of mouth, anecdotes, and sheer misinformation [...]

By |2018-11-07T23:02:51-06:00August 4th, 2017|Bankruptcy, Debt and Tax Relief|Comments Off on Four Bankruptcy Myths Busted
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