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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "You’re"

Debt Settlement and the IRS – How to Figure Out If You’re Insolvent at the Time of Pay Out

When any financial institution settles a portion of your debt, then they issue a 1099-C. This 1099-C reflects the amount that has been settled. The IRS will consider the amount mentioned in 1099-C as taxable. This tax can only be avoided if you can prove insolvency at the time of settlement. In order to do this you will have to follow a few steps. First you must compile all your 1099-C and get the total amount that has been settled or cancelled by your creditors. Let’s say you had a debt of $ 10,000 and creditors settled it for $ 5000. At the time of settlement your creditor will issue a 1099-C with $ 5000 mentioned on it. As per rules, any settlement amount above $ 600 has to be informed … Read entire article »

Filed under: Bankruptcy Help, Insolvency

Listen to Ron Hera Explain What You’re Facing in 2012–01-02-2012

Ron Hera, the well respected and highly regarded proprietor of HeraResearch.com explains what 2012 will look like. And it ain’t pretty. The governments of the world seem hell bent into leading us all into a financial dark ages. Ever expanding debt and currency units cannot end well. It never has and never will. Until policy makers are willing to face the facts that the financial system is not facing a liquidity crisis, but rather a insolvency crash, nothing can change. It’s as if you went to the Doctor and he treated you for a common cold, when you were really suffering from pneumonia. You might feel better for a little while, but the disease could wind up killing you. We are witnessing the death throws of the current financial system. … Read entire article »

Filed under: Insolvency

Attorney Back Realtors Make Sure You’re Protected – San Diego Real Estate Attorney Backed Agents

San Diego Real Estate Help, Call Oliver Now 760 237 8006. Get Professional help by Attorney Backed Realtors. San Diego Real Estate Attorney backs San Diego Real Estate Agents Sam Khorramian and Oliver Graf discuss the importance to having a lawyer on the team. Sam and Oliver’s attorney is present and active on every transaction they do to help ensure their clients’ best interest is always protected! Because of this , more and more people are choosing Sam and Oliver to help them with all their Real Estate needs. This dynamic San Diego Real Estate dream team is the number one choice for San Diego Real Estate buyers and sellers! San Diego Real Estate Attorney and lawyers bring a lot of value to every transaction they are involved with and … Read entire article »

Filed under: Foreclosure Law

If you’re already in foreclosure, is there a government program to help you save your home?

I am disabled and while waiting for Social Security Disability our home has been put into foreclosure. … Read entire article »

Filed under: Foreclosure Help

Paying Taxes : How to Pay Taxes When You’re Broke

To pay taxes when you are broke, file an insolvency petition, file for an Offer in Compromise, or try filing for a payment plan through the IRS. Explore options to pay taxes when your funds are insufficient withinformation from an IRS tax agent in this free video on personal finance. Expert: Shirley Charboneau Bio: Shrley Chaboneau is the owner of Fast Tax Services in Los Angeles, Calif. Filmmaker: Abiy Engida … Read entire article »

Filed under: Insolvency

Federal Bankruptcy Laws Will Free You of Debt and you’re Worries

Chapter 13 bankruptcy laws help people repay a part or all of their debts across a period of time at lower interest rates. Federal bankruptcy allows an individual to file chapter 7 bankruptcies or chapter 13 bankruptcy. However, the difference between the two is that under chapter 7 bankruptcy a trustee is appointed to pay off all the debts to the creditors by liquidating most of the non-exempt assets of the client. Whereas under chapter 13 bankruptcy laws a trustee is appointed who is expected to make all the payments to the creditors after receiving payment from the client. Filing chapter 13 bankruptcy law enables a person to pay off a part of all of his debts but one can only qualify for the Federal bankruptcy law under chapter 13 … Read entire article »

Filed under: Bankruptcy Law

Bankruptcy foreclosure: You’re Knowledge Base

Think once,you have lost your job;the money that you kept aside as your savings is also long gone. To top it up,creditors are queuing up and also the nasty demand letters are streaming in.The threats of Massachusetts Foreclosure is also looming large.Don’t bury your head in sand and be proactive before it gets too late! There are ways to handle the situation and the writing is on the wall.The way is clear to get out of this patch and is by filing bankruptcy.Filing for Bankruptcy stands as a legal solution to wipe off the slate and also to start afresh and the new bankruptcy law helps you in developing a personalized plan to support your finance to get back on the track.According to the Bankruptcy law,it is ideally defined as a … Read entire article »

Filed under: Uncategorized

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