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Debt Relief – Insolvency – Bankruptcy Information » Bankruptcy Law

File Bankruptcy On Taxes

Many people incorrectly assume that they cannot file bankruptcy on taxes. This notion may stem from the prevailing belief in the United States ever since Benjamin Franklin uttered the famous quote: “In this world nothing can be said to be certain, except death and taxes.” Liability for income taxes is often a very stressful issue, especially for business owners. Employees usually have their taxes taken out of the paychecks each pay period, so they are prepaid come April 15th. But when it comes business owners, they pay themselves and usually do not set aside the necessary savings to cover their anticipated liability. So tax time rolls around and they stress about how they will meet their obligations to Uncle Sam. The good news, for many people, is that if you have gotten … Read entire article »

Filed under: Bankruptcy Law, Insolvency

Roughly how much does it cost for a consultation by an attorney to decide if you should declare bankruptcy?

I called one for a quote and he said it would cost $250 for a one hour consultation. Does that seem too much? … Read entire article »

Filed under: Bankruptcy Info, Bankruptcy Law

Tenant Bankruptcy can Stop Eviction

Alan J. Goldberg, Esq. discusses how tenant can stop eviction by filing bankruptcy. … Read entire article »

Filed under: Bankruptcy Law

Is it absolutely necessary to have an attorney to file bankruptcy?

Filed under: Bankruptcy Law

If a life insurance company goes bankrupt, what happens to whole life insurance benefits?

My Dad purchased whole life insurance through AXA Equitable which is all paid for. What happens if the life insurance company goes bankrupt or their assets are under water like so many other financial institutions these days? Will the benefits still be payable? I also think it’s strange that he had to pay $700 more to this insurance company as an “adjustment”(?) recently even though the policy was fully paid for a long time ago. Is this normal? … Read entire article »

Filed under: Bankruptcy Info, Bankruptcy Law, Insolvency

Is IRS debt dischargeable in bankruptcy?

It depends on what chapter of bankruptcy you plan on filing. Speak with a bankruptcy attorney to discuss all your options with tax debt. … Read entire article »

Filed under: Bankruptcy Law

How long after filing Chapter 7 Bankruptcy would we need to move?

My husband and I have decided to file Chapter 7. We have already contacted a bankruptcy attorney, but have not officially filed. We are going to surrender our house. It is worth less than what we owe on it. We are currently less than 1 month behind on our mortgage payment. How long after filing would we need to be out of the house? We don’t want to get notice and have to be out all of a sudden. By the way, we are filing in Illinois. Please…no responses about how bankruptcy is a bad thing. You don’t know our financial situation. Thank you. … Read entire article »

Filed under: Bankruptcy Law

Bankruptcy is NOT the End of the World

Powerful words of encouragement for anyone who is forced to file a bankruptcy. An experienced bankruptcy lawyer makes it clear that bankruptcy does NOT mean that your life is over. Nor is it the ultimate mark of shame . A number of incredibly successful people went through one or more bankruptcies on their way to success. You can do the same thing. In spite of all of the hooplah about damaging your credit rating, a person who has been through a bankruptcy, if he or she is determined enough, can do just about every single thing that anyone else can do, including buying a home, buying a car, obtaining credit cards, and starting a new business. After a bankruptcy, all you need to do is pick yourself up, dust yourself … Read entire article »

Filed under: Bankruptcy Law

Re-Establish Good Credit After Bankruptcy STEP THREE

James J. Cerbone, Esq. – New Jersey Bankruptcy Attorney discusses 5 steps to improving your credit after bankruptcy, Increasing your credit score, Removing negative items on your credit report and getting credit after bankruptcy. … Read entire article »

Filed under: Bankruptcy Law

Phoenix Bankruptcy Attorneys

Phoenix Bankruptcy Attorneys Phoenix, Arizona Be honest — are you one of those people who are planning to file bankruptcy? Everyone who is in deep financial problem wants to know how to find an affordable bankruptcy lawyer. Well, here’s how to do it in ten minutes or less. Using free resources online you can locate cheap bankruptcy lawyers near you. Online Resource #1: Use Google Maps located in maps.google.com Type the search term “cheap bankruptcy lawyers” in the search field. Add your hometown, state, and zip code to make the results more accurate. Press “Enter” or click the “Search Maps” button. Google will then give you a result of businesses that matches your search query. You will see a map with markers on it. Click any of the markers and … Read entire article »

Filed under: Bankruptcy Law

Has any one filed for bankruptcy themselves with out a attorney ohio?

not looking to debt consolidate or go get a lawyer looking for a straight forward answer..! if you have not done it your self don’t answer for those who have done it. how hard was it what was some of the steps you took … Read entire article »

Filed under: Bankruptcy Law

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