In most scenarios, you might be liable for tax debt after declaring bankruptcy. But in some very special cases discharge of tax debt is also allowed. Debt Discharge Forgiveness of a debt or cancellation of a debt is called debt discharge. In taxable income to the debtor, debt discharge is the result; except, in case, […]
Separating Truth from Fiction Bankruptcy is usually the last resort for a debtor; however, this step should not be taken lightly. Going bankrupt with full knowledge might save you a lot of trouble later. There may be many myths floating around about being broke, but not all of them are true, and differentiating between them […]
Many fears come with filing bankruptcy. Will you lose your house? Will you lose your business? Will it take a very large portion of your life? Some of these fears are valid and some are not. Mostly it depends upon your circumstances and the type of bankruptcy you have filed for.
Chapter 13 Bankruptcy in West Palm Beach, FL The Pros and Cons of Filing Chapter 13 Bankruptcy Bankruptcy may be a dreaded state for many; however, thankfully Chapter 13, under Title 11 of US code, offers debtors a little leeway. But before going into it, it is necessary to find out all of its pros […]
Should You File For Bankruptcy? Individuals as well as families that are crushed under mountains of debt are given the opportunity of filing for bankruptcy by federal law; to put an end to the harassing calls of creditors and so that they can pay-off the debts gradually. Thus, people can file for bankruptcy and effectively […]
Have Bankruptcy Questions? Ask Us Today! A survey revealed that each year, more than 1.5 million people file bankruptcy in the United States. Not only this, every year, the numbers are increasing at an exponential rate. The increasing bankruptcy statistics highlight the tough economical conditions that people are facing, throughout the world. Not only small […]
The Different Types of Bankruptcy Whether you own a small scale industry or a huge multi-national company or you are just a real estate agent; none of you will ever want to face a bankruptcy. Bankruptcy is the state, when a business or individual loses all of its potential assets and claims itself to […]
Local Attorney in West Palm Beach If you are a business owner, who is struggling with severe debt, then filing for bankruptcy can be your way out from your debt problem. When companies face a market crash or a downfall; owners start to panic. The unstable financial situation, with harassing calls and threatening letters […]
Times have become very turbulent nowadays. One day you are within the luxuries of your home marveling at the beauties of life and the very next day, you cannot stop agonizing over the ruthless twists of fate. Be it losing your job, being struck with a medical emergency or the consequences of a separation/divorce, bankruptcy […]
Employing the services of a proficient bankruptcy lawyer can deliver you and your family from an enormous amount of stress. Particularly for cases involving Chapter 7 and Chapter 13, an adroit lawyer to present your case with all the intricacies carefully planned out; is of paramount importance. At Walker Law Firm, you can employ the […]