PLEASE NOTE: We remain open and we are available for video conference, regular teleconference or in some limited situations will accept in person consultations.
PLEASE NOTE: We remain open and we are available for video conference, regular teleconference or in some limited situations will accept in person consultations.
You may file for bankruptcy because you cannot pay your federal taxes. There are several things that you should understand when you choose this route. When you file for bankruptcy, you usually compile a list of your creditors. The Internal Revenue Service says that...
Going through bankruptcy may make it harder for lenders to give you a loan, but it is far from impossible. Lenders are indeed on the lookout for red flags that signal somebody is a financial risk. Still, if you want to buy a new car after your bankruptcy, you may find...
Maryland small business owners operating as sole proprietorships may file for personal bankruptcy. If your business faces overwhelming financial hardships, you may file a petition for a Chapter 7 bankruptcy, as noted by Business.com. If you applied for credit cards or...
If you want to purchase a new home, car or any other expensive item, you have a couple of options: You can either pay cash or secure a loan. Still, most Americans do not have even three months of their salaries in savings. When you apply for a loan, the financial...
Bankruptcy rarely discharges an individual's unpaid tax obligations. If you can prove an unusual financial hardship, however, the court may consider discharging certain tax debts. As noted by Credit Karma, taxes more than three years old could have a chance of ending...
There is a stigma about filing for bankruptcy that may prevent some people from seeking the relief they need. There is a persistent perception that people bring bankruptcy on themselves by living beyond their means. This is much less common than many people assume....
After discharge of your Chapter 7 bankruptcy, you are no longer responsible for paying off those debts. However, a record of the bankruptcy and your closed accounts still remain. Because there is still a record, bankruptcy continues to affect your credit score....
The biggest difference between Chapter 7 and Chapter 13 bankruptcy is you repay debts in Chapter 13 through a payment plan. This fact may lead some people to believe that makes Chapter 13 a better option. According to U.S. News and World Report, since both are still...
Even if you have a good health care plan, a trip to the emergency room may set you back hundreds or thousands of dollars. If you must stay in the hospital or undergo a surgical procedure, you may spend considerably more. When the medical bills arrive, you simply may...
You want to dig yourself out from under a mountain of tax debt, but maybe you do not know all your options. What if you could settle your debt for less than the full amount owed? The IRS explains how an offer in compromise works. Paying your full tax debt does not...
