Continue Reading Tax Refunds & Bankruptcy: 5 Things You Need to Know
Federal Tax Liens in Chapter 7 Bankruptcy = Danger
The existence of a Federal Tax Lien in a Chapter 7 bankruptcy case is a dangerous thing. Especially in cases where a debtor has substantial equity in a home or other assets.
Why are tax liens so dangerous? Because property exemption laws, such as the Homestead Exemption, do not apply to federal tax liens.
Federal Tax Liens + Chapter 7 Bankruptcy = Danger
Should You File Bankruptcy?
What is a Reaffirmation Agreement?
Is Your Car Protected in Bankruptcy?
Income & Expenses of the Non-Debtor Spouse
Why Long-Term Financial Goals Are So Important
Do you know where you want to be in 20 years? What does that picture look like?
When facing debt problems, it is very important to envision what you want your financial life to look like in 20 years. Because when you fail to have a clear vision of what the ideal life looks like,
Chapter 13 Success Rate Greater Than Credit Counseling Plans
Do Chapter 13 payment plans really work? How many customers actually finish the plan and become debt free? How does it stack up to other options like consumer credit repayment plans? If you don’t know how likely a plan of action will succeed, how do you know what to do?
Historically, only one in three
Has Wells Fargo Committed Bankruptcy Fraud?
Wells Fargo Bank has admitted to opening millions of customer accounts and credit card accounts without customer authorization since 2005. Stories have emerged of a bank gone wild where employees working in an intense sales culture felt pressured to open new accounts to meet sales quotas.
Wells Fargo has agreed to pay $185 million in