Filing for Bankruptcy Can Actually Improve My Credit Score?! If you are one of many New Yorkers struggling with debt, then at least one of your goals is to improve your credit score. Unfortunately, when weighing their options, many don’t even consider Bankruptcy as a path toward resolution. If you were to consult with a
Will Filing for Bankruptcy Affect My Taxes?
Bankruptcy & Taxes In short, filing for bankruptcy will affect your taxes. However, it does not have to become a problem as long as you know how it works. When filing taxes after bankruptcy there are a few things you must do. According to the IRS’s Bankruptcy Tax Guide, the debtor must file an individual
Benefits of Hiring a Bankruptcy Attorney
When you have hit a rough spot financially, you may be thinking about filing for bankruptcy. You can do so without an attorney to help save you from paying out attorneys’ fees. However, these cases can be complex and confusing. Having a reliable bankruptcy attorney on your side is a good idea to help avoid
What’s the best way to protect your car or truck from repossession in New York?
If you’ve been threatened with vehicle repossession in New York, you’re not alone. During COVID-19, New York’s economy is rougher than ever. Many honest, hard-working folks have either lost their jobs or have experienced a loss of household income. Every day, I personally speak to people who report that they can’t make their car payments
Stop a Tax Foreclosure
Can I Really Stop a Tax Foreclosure by Filing a Chapter 13 Bankruptcy? Falling behind on property taxes can put you and your family at risk of foreclosure by your City or County Tax Collector. While delinquent property tax payments can be paid back, State and Local tax authorities often make this process complicated and
Should I file married filing jointly, or married filing separately?
Typically, tax professionals counsel married couples to file their taxes “Married Filing Jointly”, as opposed to “Married Filing Separately”. This is not surprising; married individuals filing jointly enjoy better tax deductions, are eligible for more favorable tax credits, and are even audited less frequently than married couples who elect to file separately. At this point,