Bankruptcy 101: “How Long Will I Be In Bankruptcy?”
As one prepares for the reality of bankruptcy, it’s likely that they will be accompanied by a whole host of emotions: worry, nervousness, hope, and relief, among others. Another feeling...
MARRIED COUPLES DO NOT HAVE TO FILE FOR BANKRUPTCY JOINTLY
This topic almost found a place in last month’s top misconceptions blog. Many people think a married couple has to file together, and that is just not true. While it...
BANKRUPTCY MYTHS, COMMON MISCONCEPTIONS
The common theme found in many of my blogs, is that bankruptcy is not something to be ashamed of. It is a protection here to help you when you need...
BE WARY OF LARGE BANKRUPTCY FIRMS
Bankruptcy gives debtors, that want to honor their debts, a chance to fix their finances. It can forgive most debt entirely and give you a clean slate. This is known...
Bankruptcy: What do I get to keep?
Many people don’t really understand what happens when they enter into bankruptcy. Entering into bankruptcy doesn’t mean you sign away all of your earthly possessions and give up everything you...
1099-C Forms
Each year during income tax season, millions of American taxpayers file 1099-C tax forms with the IRS. A 1099-C is a form that reports Cancellation Of Debt Income, or CODI....
Info On Surrendering Your Home
Many people decide to give up their homes when they file bankruptcy, and some are under the impression that the court somehow takes possession of their home. What really happens...
Three Reasons Debt Collectors Don’t Want You to File for Bankruptcy…
Who profits from debt? It seems like an odd question doesn’t it? If you owe money, and can’t pay, how would that benefit anyone? Well, you might be surprised to...