2017

Are you considering filing for bankruptcy and are wondering how long the process will take or how an attorney can help? Click for more.

What To Do About The Tax Consequences Of Mortgage Forgiveness

3 May 2017
 Categories: , Blog

If you are subjected to a deficiency judgment after foreclosure (i.e. the monetary difference between what you owe and the price the bank sells the home for), it's possible to negotiate with the lender and get it to forgive some or all the debt. However, that can be the start of a whole new problem where the IRS demands you pay taxes on the forgiven debt. Here's more information about this issue and your options for dealing with it. Read More …
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answers to your bankruptcy questions

Are you considering filing for bankruptcy? If so, you have a ton of questions that you need the answers to. Will you lose your home? Will you lose your cars? Will you have to repay the debt? How long will it take to get through the entire process? Will you ever be able to get financing in the future? These and many more questions about bankruptcy are answered right here on my blog. You will find out what your attorney will do for you and find advice for managing your finances a little better in the future to avoid finding yourself in this situation again.

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