Bankruptcy Law Blog

Tax debt can be an overwhelming burden, especially if it has been accumulating for some time. Fortunately, there are a few different strategies you can use to help resolve your tax debt and get back on track. In this blog post, we’ll discuss some of the steps you can take to resolve your tax debt…

Many people face debt at some stage in their lives, whether it’s through a sudden loss of income or because of poor financial management. Fortunately, there are ways to get out of debt and take back control of your finances. In this blog post, we’ll look at practical tips to help you reduce your debts…

The start of a new year is an opportunity to make positive changes and set new goals. For many, this means taking steps to tackle their debt. Whether you are looking to pay off debt from last year or starting a new debt-free journey, there are several strategies that can help you achieve your financial…

Tax debt can be a crippling financial burden, but there may be some relief available through bankruptcy. When you file for bankruptcy, you are required to list all of your debts, including any outstanding tax obligations. Once your bankruptcy case is underway, an automatic stay goes into effect, which prohibits creditors from taking collection actions…

No one likes owing money to the government, but unfortunately, tax debt is a reality for many people. If you’re struggling to pay your taxes, there are a few things you can do to avoid falling behind. First, make sure you file your taxes on time. If you’re self-employed, this means submitting your quarterly estimated…

When you file for bankruptcy, you don’t stop needing money to live day-to-day. There are many reasons why you might need a loan or credit for new, unexpected, or necessary expenses like vehicle loans, student loans, and mortgage or refinance loans. However, it is not always easy to secure a new loan while in bankruptcy…

One of the most difficult outcomes when confronting financial challenges is bankruptcy. However, bankruptcy was designed to protect and help consumers. Most individuals who file for bankruptcy will file for chapter 7 or chapter 13. Which chapter of the Bankruptcy Code to file under is one of the first choices you must make when declaring…

As we expect the nation to enter a recession in the coming weeks, many Americans are panicking about how to protect their funds and families from what could be financially hard times. For the nation, the strategy is much more complicated. There is no one answer to this question as each recession is different and…

Since the pandemic the economy has been turbulent to say the least. We have heard discussions of inflation, and many are often unaware of what it is or how it could impact our day to day lives. Inflation is an economic concept that refers to the overall increase in the prices of goods and services…

The rise in mortgage interest rates is influenced by the Federal Reserve raising the federal funds rate. The federal funds rate is the rate at which depository institutions lend reserve balances to other depository institutions overnight on an uncollateralized basis; meaning the funds are not backed by an asset. The federal funds rate is the…