Filing for bankruptcy can be an overwhelming process, and it's understandably not something that most people look forward to. However, speaking with a bankruptcy lawyer before filing for bankruptcy is a crucial step to ensure that you understand your options, make informed decisions, and maximize your chances of getting the relief that you need. Read on to see why it's important to consult a bankruptcy lawyer and how they can help guide you through the bankruptcy process. Read More...
Bankruptcy can be a contentious process, especially if a creditor takes exception to the situation. Under such circumstances, you need to know how to protect your rights. Here is how to make sure the system works the way it's supposed to while you seek relief.
Get a Lawyer
A bankruptcy attorney can help you to understand the process. You can describe your situation to a lawyer, and they can tell you what your rights are. Read More...
When you have old and unfiled tax returns, the amount that these taxes are worth can be substantial, and you may eventually be unable to obtain credit or make other financial decisions. If years have passed, it's important to make sure that your old tax returns are filed and that you come up with a plan to pay off your taxes.
The IRS Doesn't Forget
If you have forgotten to file taxes, you might think that the IRS has forgotten about you. Read More...
When you file for bankruptcy, there is a lot of confusion and possibly some anxiety about whether or not you lose all of your assets in the bankruptcy. This can be a scary thought, as you may be looking at losing your home and your vehicles. The last thing you want is to be homeless and unable to get back and forth to work when you are already at rock bottom in your finances. Read More...
Are you a senior who struggles with debt? If so, you may wonder if bankruptcy protection is the right choice or not. How can you decide? Here are a few pros and cons for older debtors considering bankruptcy.
Pros of Late-Life Bankruptcy
Certainly, one of the biggest reasons to declare bankruptcy as a senior is to reduce your expenses and make retirement funds last longer. Going through your retirement funds too quickly or outspending pensions and Social Security checks is stressful and financially devastating. Read More...