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Can You Discharge Your Tax Debt Through Bankruptcy?

Can You Discharge Your Tax Debt Through Bankruptcy?

No matter how you fill out your W-4 or how much money you set aside for taxes, you may end up owing the federal or state government.  This is tough enough for people that are not enduring financial stress.  It is perhaps impossible for people considering bankruptcy.  There are many types of debt that you can eliminate through bankruptcy and there are some which you cannot.  There is secured debt and unsecured debt.  At any rate, debt is debt and it does not go away unless it is dealt with.

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Getting a Degree Abroad to Reduce Student Loan Debt

Getting a Degree Abroad to Reduce Student Loan Debt

Life can be a tad difficult for students who just graduated high school with a dream to study at some of the best Universities in the United States. Not difficult in the sense that they can’t make it but more like expensive because even though they do get accepted into those colleges, the cost of education for the four years could be literally back-breaking. Studies have shown over the years that a growing number of students are moving to international schools to get their degrees rather than doing it in their home country because of the price difference.

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What to Do If You Sustain a Personal Injury

What to Do If You Sustain a Personal Injury

Some things are out of our control.  When you wake up and get out of bed, you do not plan to experience a personal injury; it just happens.  When it does happen, will you know what to do?  Chances are, the answer to that question is “no”.  Afterall, most of us are not legal professionals.  So, what DO you do in the event of a personal injury?

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3 Recent Large Scale Corporate Bankruptcies

3 Recent Large Scale Corporate Bankruptcies

When we think of bankruptcy, we often have in mind a person that cannot make ends meet, but there are many kinds.  Companies have to make ends meet too and when they cannot, people get laid off, assets get liquidated, and people end up in court.  Corporations are not immune to financial stress. Here are some recent large-scale bankruptcies you may have heard about in the news.

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January Is Divorce Month, but Why?

January Is Divorce Month, but Why?

January is the dawn of a new year.  Hopes are high.  Unfortunately, so is the tension amongst couples.  Historically, the month of January demonstrates a spike in the rate of divorce filings.  There is plenty of conjecture surrounding this unpleasant statistic, but what are the real reasons behind why people decided enough is enough in January?

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How Far Are Debt Collectors Allowed to Go to Collect a Debt?

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Debt collectors have the right to try to collect a debt from you, but there are rules that these collectors must follow.  However, many times, these collectors break the rules because consumers are not aware of the laws that protect them from predatory debt collection practices.  If you are being harassed by debt collectors, you may be able to get protection.

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Making Strides

Debt Fertilizer: Pausing Your Student Loans

For many, student loans are the norm while going to college. Created to help students settle the cost of educational fees for post-secondary education, it takes away the burden of paying all your debts at a go. Applying for a student loan usually entails having the following requirements;

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Going Bankrupt After 55 Years of Age

Going Bankrupt After 55 Years of Age

Bankruptcy is easily one of the worst fears anyone has to deal with. Even worse, being bankrupt and old without anyone to cater for you is dreadful. This is, unfortunately, the case for many Americans. According to research, the rate of older adults (above 55 years) who have become bankrupt has skyrocketed up to 66% since 1991. Basically, older adults of above 65 years make a total of 12% of bankruptcy filers. Also, what’s astonishing is that older adults within this age group, spend most of their income offsetting accumulated debts.

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Should Elderly People Declare Bankruptcy?

Should Elderly People Declare Bankruptcy?

With the tax rates, pensions and income decreasing, and medical costs rising, it has become increasingly hard for senior citizens. Your income becomes off-balance compared to debt which is why filing for bankruptcy might seem like the next best step. With Chapter 7 and Chapter 13 bankruptcy, seniors get a way to deal with their debt trouble.

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Bankruptcy Assistance for Low Income Families

Bankruptcy Assistance for Low Income Families

Did you know that it can cost a lot of money to file for bankruptcy? If you didn’t, don’t fret as not many people are prepared for this financial burden. These costs might be hard especially for low-income families. However, there are different bankruptcy assistance options available to help these low-income families pay for a bankruptcy lawyer. In this article, we will discuss the different bankruptcy aids available for those who cannot pay for a bankruptcy lawyer.

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