Unfortunately, despite the fact that it is simply a legal financial option, bankruptcy often carries a negative cultural stigma. This is a curious development, as bankruptcy does not hurt the peers of a person filing in any sense, but the stigma remains. Researchers...
Month: February 2018
Important questions to ask your bankruptcy attorney
If you are wallowing in debt, you are likely having trouble finding a way out of it. Debt can pile up quickly. This is an issue that millions of Americans face each year. Bankruptcy is the best option available for those who are swimming in debt with no end in site....
Don’t let your spouse’s tax liability become yours
Like many married or formerly married couples in New York and elsewhere, you have or do file joint taxes. There are a lot of benefits to doing so. Unfortunately, this also means that the Internal Revenue Service can come after you for your spouse's or former spouse's...
Debt can build without warning quite quickly
Debt is something that almost every American will have to deal with at one time or another in life. Whether it's student loan debt, a mortgage, credit card debt, a car loan, a boat loan or any other type of loan; debt is almost unavoidable. It's necessary for people...
What debts may a Chapter 7 bankruptcy eliminate?
Chapter 7 is the most widely available form of bankruptcy, offering those who face debt they cannot get under control the opportunity to unload some of it in return for surrendering some types of property and submitting to a few restrictions on borrowing for several...
Couple convicted of fraud files for bankruptcy
A couple previously convicted for fraud following a hurricane have filed for bankruptcy, according to a report. The couple hails from Jasper and had been convicted in 2017 for theft and fraud due to diverting hurricane relief money illegally. The conviction was issued...