If you expect a big tax refund and need to file bankruptcy gear up for the big money grab. Unfortunately it is not for you and I. It is for the assigned chapter 7 panel trustee and by extension your creditors. I try to preserve as much of the refund for you and your family…
Here are 3 easy ways to get your tax return or tax account transcript. I need your tax return to file a chapter 7 or a chapter 13 bankruptcy. This mean your most recently filed tax return. Hopefully you are current in your tax filings. If not, you will have to come clean to finish…
If you received a 1099-C from a creditor, you have had cancellation of debt in the past year. Any unexpected tax form, especially one that adds income like a 1099, is cause for concern. What is a 1099? Basic tax policy is that anytime someone can deduct some amount, for someone else, somewhere it is…
Meeting of creditors verification of identity Verification of social security number and proof of identity are required at your meeting of creditors. Today, I had two clients attend their meeting of creditors without any proper verification of their social security number. This should be no mystery. On the notice my office sends I specify you…
You received your W-2’s. You filed your taxes. You have a big tax refund coming. This year you are tired of using the whole thing to pay bills. Chapter 7 Bankruptcy is a serious option. You want to keep your refund. You worked hard, you earned it. Why should you have to give it away? …