Chapter 13 bankruptcy, also known as a “wage earner’s plan,” provides a financial lifeline for individuals with regular income who find themselves in over their heads with debt. This chapter of the Bankruptcy Code offers several unique benefits that help individuals manage, and ultimately overcome, their debt burdens. BOOK A FREE CONSULTATION NOW! What is […]
Most slip and fall cases are settled out of court because property owners know that it’s less expensive and more time-consuming to settle outside of court rather than go through the lengthy trial process. While many slip, fall, and trip cases are settled out of court in most cases, each case is unique, and the […]
How Do You Handle Bankruptcy After Divorce? Many people find themselves in financial trouble after a divorce. Sometimes, the income of a couple is sufficient to support a household. However, when they live separately, it’s difficult to get by. The financial burden of a divorce agreement can be too great for some people. Our firm […]
Positive Aspects of Bankruptcy: Embracing Financial Relief and Renewal In today’s complex financial landscape, bankruptcy often carries a stigma of failure and financial ruin. However, it’s important to recognize that bankruptcy can offer significant benefits and serve as a viable solution for individuals and businesses facing overwhelming debt. BOOK A FREE CONSULTATION NOW! A Bankruptcy! […]
Really What Happens if the Joint Taxpayers Separate or Divorce? NOTHING. The IRS is still after both spouses for the taxes they owe. The IRS will pursue both taxpayers if they do not pay their back taxes. IRS can collect from both taxpayers if they don’t pay or make payment arrangements. The IRS can pursue […]
Why Do People File Bankruptcy? For What Reason? Bankruptcy is pursued for various reasons, each unique to the individual’s financial circumstances. People may consider filing for bankruptcy due to financial hardship, overwhelming debt, or the need for a fresh financial start. When faced with insurmountable debt, individuals may seek relief through bankruptcy proceedings. But what […]
The monetary award for your personal injury case does not matter whether it is a result of a court verdict or a settlement reached outside the courtroom. Ask yourself: “Does the personal injury settlement you received count as income for your tax return?” BOOK A FREE CONSULTATION NOW! This Question Does Not Have a Simple […]
BOOK A FREE CONSULTATION NOW! Can the IRS Audit Back to a Certain Date? In general, the IRS includes all tax returns filed in the last three years when conducting an audit. If the IRS finds a significant error during the audit, it can audit other prior years. The IRS rarely audits more than six-years […]
When to Get a Lawyer for a Car Accident? You should contact a lawyer for car accidents if you are wondering when is the right time. A California car accident attorney can assist you in deciding your legal options following a collision. After an accident, car accident victims often have to cope with serious injuries […]
BOOK A FREE CONSULTATION! According to the Internal Revenue Service’s IRS rule 1.104-1, you are not required to pay taxes on a settlements for a wrongful-death claim. The IRS classifies the settlement for wrongful death as non-taxable since it is part of a claim resulting from personal injury or physical illness. Understanding the taxable status […]