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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "Reduction"

Credit card debt Aid- Credit card Debt Reduction

Article by Meena Jha It is so easy to use a credit card, and shop things when you don’t have money in your hand. But this can be a headache for you, if you don’t make the payments on the right time. The individual person becomes a debtor when he is not able to pay the bills. Soon his nights become sleepless. He gets confused, how he can get freedom from his unsecured liabilities. Nowadays so many kinds of debt programs are ready to work for your debt issue. All these changes are made by Federal government for the benefit of debtors. The borrowers can settle the debt case with few negotiation processes. Even the government gives reward to the bankers if they make patch up with their debtors. The debtor has … Read entire article »

Filed under: Credit Card Consolidation

IRS form 982 line 10a “basis” Reduction & Attributes Due to Discharge of Indebtedness?

Example: 4 personal credit card loans settled within weeks of each other with a total forgiveness of approx $45K. Insolvent (total assets less total liabilities) by $ 82K (negative) 1 day before and still insolvent by no less than $52K (negative) after any of the forgiven debts. Checked box 1b and entered $45K on line 2. What do you need to calculate for line 10a in Part 2 since the degree of insolvency is still greater than the forgiven debt before and after? What is done with the value for line 10a? Is it advantageous to have a larger value or smaller value on line 10a in relation to the amount of forgiven debt? … Read entire article »

Filed under: Insolvency

Tax question about Form 982 – Reduction of Tax Attributes Due to Discharge of Indebtedness?

Could someone please explain line 10a? Line 10a. In the case of a title 11 case or insolvency (except when an election under section 108(b)(5) is made), the reduction in basis is limited to the aggregate of the basis of your property immediately after the discharge over the aggregate of your liabilities immediately after the discharge. (what does all that goop mean?) Also, what does it mean below by (other than qualified principal residence indebtedness) ? A nonbusiness debt (other than qualified principal residence indebtedness, such as a car loan or credit card debt) I had a Credit card cancel debt and two mortgages, one mortgage was a second mortgage on my main house, the other was a second mortgage on a rental. Any help with filling out this form is appreciated. … Read entire article »

Filed under: Insolvency

What debt reduction /consolidation agency that will give high discount to help pay off credit card debts?

I need help with paying off my credit card debts. There are so many debt reduction /consolidation agencies that I don’t know which one is good/authentic and will give the best rate (discount). For those who had gone through this experience, please advise. Thanks. … Read entire article »

Filed under: Debt Consolidation and Refinancing

Student Loan Consolidation question:-College Cost Reduction & Access Act of 2007?

What, if any, impact does this have on recent graduates with existing student loans in terms of consolidation? I have not yet consolidated and am wondering if there’s an advantage/disadvantage to doing so now vs in the future. … Read entire article »

Filed under: Student Loan Help

Nationwide Debt Reduction Call us: 1-800-890-6658 Welcome to Nationwide Debt Reduction! We are a Christian Debt Negotiation Company. – Are you sick of creditors calling? – Are you tired of drowning in debt? – Do you need Debt Negotiation help? Hello, my name is Terence, President of Nationwide Debt Reduction. Our company has helped tens of thousands of regular people all across America, just like you, escape the over whelming burden of debt. Tens of thousands of Americans are being swallowed up by debt, specifically credit card debt. If you are behind on your credit card payments, or having some trouble meeting your monthly obligations, please call our office for immediate help today at 1-(800) 890-6658. To learn how our debt relief and debt reduction service works, simply call our office. There … Read entire article »


Filed under: Debt Relief

Dump That Debt! Proven Debt Reduction System

The Dump That Debt! System Was Created By Craig D. Allen, Cfa, Cfp, Cima, University Professor Of Finance. Simply Put, It’s A Proven, Simple, Easy To Use, Effective, Debt Reduction System That Helps You Reduce Debt Fast And Eliminate Debt Permanently! Dump That Debt! Proven Debt Reduction System … Read entire article »

Filed under: Credit Card Consolidation

unsecured debt law,, debt reduction, find debt relief for your business, located in California, San Diego, Miami, Debt relief. … Read entire article »

Filed under: Debt Relief

Mortgage Principal Reduction

Wage garnishment, foreclosure, bankruptcy, bankruptcy filing, lawsuit, repossession, collections, medical bills, loan default, medical bills, debt consolidation, debt relief, mortgage, San Gabriel, Pasadena, El Monte, Rosemead, Alhambra, South Pasadena, Arcadia, Monterey Park, Los Angeles,… … Read entire article »

Filed under: Debt Relief

Warren Michigan Bankruptcy Attorney – Reduction of Foreclosures in Michigan? Macomb County Bankruptcy Attorney, Michael Greiner addresses the misinformation being put out by the media regarding mortgage companies reducing or postponing foreclosures in Michigan. The Financial Law Group is located in Warren, Michigan in Macomb County. The Financial Law Group provides Chapter 7, Chapter 13 and Chapter 11 Bankruptcy services throughout Macomb County, Oakland County, St. Clair County and Wayne County and across Southeast Michigan. … Read entire article »

Filed under: Bankruptcy Law

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