Debt and Tax Relief

Can tax debts be discharged during bankruptcy?

Accumulation of unpaid dues can lead to people being burdened by debts. Bankruptcy is an excellent way to get many debts discharged. However, being able to get all debts discharged is extremely tough, though not impossible. Unsecured debts are often discharged after bankruptcy however debts such as education loan, government taxes, and child and spousal support, etc. cannot be discharged during bankruptcy. However, Los Angeles bankruptcy lawyers Recovery Law Group say that even such debts can be discharged depending on the type of bankruptcy. For individuals filing chapter 13 bankruptcy, tax debts are paid off as per the [...]

2019-06-14T12:22:50+00:00
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Bankruptcy is a Powerful Tool for Debtors

If you’re dealing with extreme debt troubles, submitting for financial ruin can be a powerful remedy. It stops maximum collection moves, inclusive of telephone calls, salary garnishments, and complaints (with a few exceptions). It additionally eliminates many kinds of debt, together with credit score card balances, clinical bills, personal loans, and more. However it doesn't stop all creditors, and it doesn’t wipe out all obligations. as an example, you’ll still need to pay your pupil loans (except you could show a hardship) and arrearages for child support, alimony, and maximum tax debts. examine on to examine more about [...]

2019-05-17T11:22:25+00:00
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Possibility of Bankruptcy Relief – Marijuana Businesses?

It is widely known that California has expanded its legitimacy to the California Marijuana business. Hence the question pops up whether the Marijuana or other licensed cannabis businesses will enjoy equal/ same rights under federal law as in the case of other California businesses. That’s is the not case and reading through the below will explain in detail the background of these businesses and how they are restricted from declaring bankruptcy in their businesses. Cannabis businesses and the California Law Since 1996, possession of a small amount of marijuana has been decriminalized. Also, medical marijuana has been legalized [...]

2019-05-17T11:21:55+00:00
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Getting out of Debt has Never Been Easier!

Financial problems which seem to be spiraling out of hand are not uncommon. There are many rowing in the same boat. In case you find yourself overwhelmed with the enormous debt, you need to find a solution at the earliest. Since most creditors and debt collectors want you to remain under debt, they will never let you know that bankruptcy is one of the best solutions for huge financial debts. You need to consult a bankruptcy attorney to find out which alternative suits your condition best. Chapter 7 Bankruptcy People who find themselves buried under a huge debt [...]

2019-05-16T12:11:03+00:00
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Dallas Debts: How can I be getting out of debt?

While you’re handling debt, it is able to feel such as you don’t have options. You’re afraid which you’re going to end up in courtroom, that can lead to bank account levies, assets seizure, and salary garnishment. happily, that’s not your simplest alternative. Debt doesn’t have to land you in the courtroom. Work together with your creditors Your first line of defense when coping with debt is to reach out to your lenders. ideally, you need to speak to them as quickly as you understand you’re going to miss a payment. lenders don’t want to visit courtroom, either. [...]

2019-05-16T12:10:13+00:00
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What are the Debt Relief Options for Small Businesses and their Owners?

Starting a business in uncertain times can go anywhere. Whether you reach the zeniths of success or taste failure, it is a matter of chance. The odds are stacked against you no matter which business you wish to start. A lot of financial capital, overhead expenses, and advertising are involved to make any business a successful venture. However, sometimes, business owners might find themselves struggling with these expenses, trying to stay afloat or make a profit. In case small business owners or start-ups are facing problems in managing their finances (personal or business) they might find themselves under [...]

2019-05-06T12:45:33+00:00
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Rules for Debt Collectors – When and How They Can Contact You?

Debt collection attorneys can inform you that as per FDCPA norms, any debt collector can contact you by mail, in person, by telegram or telephone only during “appropriate hours” i.e. generally between 8 a.m. and 9 p.m. Also, within 5 days of 1st contact with you, the debt collector is expected to send you a written notice informing you: […]

2019-05-06T10:00:00+00:00
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How to Prevent Bank Levies

In case you have incurred huge debts and are in no financial condition to pay them off, the best resource available to you is to file for bankruptcy. To do the same you can either use one of the bankruptcy lawyers to file bankruptcy for you or you can do it yourself. However, as Sacramento based law firm Recovery Law Group explains, many times debtors filing for bankruptcy without any help from lawyers, end up into financial troubles like post-bankruptcy filing bank levies. […]

2019-05-06T10:01:16+00:00
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Live the American Dream without any Debts

The quintessential American dream has brought many people to the country where everyone has equal opportunity to make it big. Before economic recessions caused financial distress to numerous people, the American dream meant having a huge house, big car, access to a large number of credits to spend like the rich and famous. However, stagnation has caused many Americans to lose their jobs to business contractions, their homes to foreclosure and overspending to the credit crisis. This has caused disillusionment in many people leading them to question whether the American dream can be realized without incurring huge debts. [...]

2019-05-06T10:10:40+00:00
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How to Protect Yourself from Harassing Debt Collectors and Autocalls

Telephone Consumer Protection Act (TCPA) had been formulated to protect debtors from the malpractice of collection agencies and creditors to autodial the debtors. Not only is the practice problematic, annoying and repetitive, but they can also be quite inconvenient at times. However, thanks to TCPA, you are no longer to put up with these auto calls. As per Los Angeles based lawyers belonging to Recovery Law Group law firm, in case you have denied permission or added yourself to the Do Not Call Registry and are yet receiving autocalls, you need a debt attorney. Some of the steps [...]

2019-05-06T10:13:23+00:00
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