Streamlining Your Bankruptcy

3 Tips To Help You Settle Tax Debts You Owe The IRS

Posted by on Feb 8, 2016 in Uncategorized | Comments Off on 3 Tips To Help You Settle Tax Debts You Owe The IRS

Owing back taxes to the IRS is not something that will simply disappear on its own. If you are in this predicament, you will need to take the right steps to clear up this problem if you want to get the IRS off your back. The IRS has the authority to garnish your paycheck and place liens on your assets when you owe them money. Here are some tips to help you get this problem settled. File All Your Tax Returns In many cases, people who owe the IRS money have tax returns they have never filed. If you fail to file a tax return, the IRS will file...

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Two Ways You Can Keep Your Lottery Winnings When Filing For Bankruptcy

Posted by on Feb 2, 2016 in Uncategorized | Comments Off on Two Ways You Can Keep Your Lottery Winnings When Filing For Bankruptcy

Your chances of winning a big-dollar lottery are incredibly small (about a 1 in 175 million chance for one popular drawing). However, people do win a variety of cash prizes in these contests. If you file for bankruptcy, though, the court may take your winnings to pay off your creditors. Here’s more information about this issue and a couple of ways you may be able to retain your lottery payout. All Assets Become Part of the Bankruptcy Estate When you file for bankruptcy, you must provide the court with a snapshot of your financial life....

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Debt And Jail: Five Things Everyone In Debt Needs To Know

Posted by on Feb 2, 2016 in Uncategorized | Comments Off on Debt And Jail: Five Things Everyone In Debt Needs To Know

Debtor’s prisons were a common feature of American civilization until the mid-1800s, but since that time, they have been abolished. Now, you can no longer be sent to prison for being in debt, but there are a few loopholes surrounding that rule, and if you are unable to pay some of your debts, you need to understand the laws around debt and prison. Here are five facts everyone with debt needs to know to protect themselves and keep themselves out of jail: 1. Debt collectors cannot threaten to throw you in jail. If you owe a debt,...

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