The expected negative financial aftereffects of bankruptcy are often cited as a reason people delay in filing for bankruptcy protection. Many filers believe that the years following a bankruptcy will be credit-free, removing their ability to obtain loans for the...
Month: September 2012
Long Island housing prices continue to drop
Financial difficulties can strike anyone at any time. Whether they are the result of an extended illness or a period of unemployment, financial troubles can have far-reaching consequences. Many people's most valuable assets are their homes, and protecting their homes...
Chapter 11 bankruptcy doesn’t have to be ugly
Businesses across New York and elsewhere have faced significant economic struggles in recent years. Consumers have been hesitant about spending money and millions of people have wrestled with periods of unemployment and difficulty finding new jobs. The state of the...
The Taxpayer Advocate Service (TAS)
The Taxpayer Advocate Service (TAS) is designed to be a "safety net" for taxpayers who are experiencing problems with the IRS. However, because the TAS has been inundated with requests from six million to 12 million taxpayers who may be having problems at any given...