5 Mistakes You Should Avoid When Filing For Bankruptcy
Bankruptcy is designed to give you financial relief at a time when you need it the most. However, that is only true if the bankruptcy process goes smoothly and your bankruptcy is approved. That's why it's helpful to know the following mistakes you should avoid making when filing for bankruptcy. Mistake 1: Not Disclosing All Your Assets A bankruptcy will only be discharged if your filing information is completely accurate, which is why not disclosing all of your assets is a huge mistake.
Options Available When Stopping A Tax Garnishment
When you are behind on your taxes, one strategy that the United States government might use is to garnish your wages. This is essentially a method to force you to make payments in regular installments. If you do not want this to happen, the best way around it is to speak with tax garnishment solutions. Entering an Installment Agreement You will be able to prevent your taxes from being garnished by entering into an installment agreement with the IRS.
Chapter 7 Vs Chapter 13: How Your Bankruptcy Attorney Can Help You Determine Which Option Is Right For You
When seeking bankruptcy relief, the first decision that you will need to make is whether to file for Chapter 7 or Chapter 13 bankruptcy. Each of these options provides a very different type of debt relief. That is why it is important to work closely with a knowledgeable bankruptcy attorney to determine which option is best suited to your needs. Continue reading to learn more about some of the factors your bankruptcy lawyer will help you to explore in making this important decision.
Do You Need A Bankruptcy Attorney? Here Are 3 Critical Reasons
Bankruptcy can be an emotional and confusing process. Are you thinking of filing for bankruptcy? While it's not a requirement to do so with the help of a lawyer, you want to have one to reduce your mental strain. A lawyer can be valuable for many reasons, from preventing harassment from debtors to filing your bankruptcy as per requirement by law. If you're wondering whether a lawyer is necessary when filing for bankruptcy, you've come to the right place.
Hiring A Bankruptcy Attorney: What To Expect
Not only are the laws surrounding bankruptcy complicated, but they are also nearly impossible for an average person to understand. It doesn't help that there has been a recent enactment of several new laws dealing with bankruptcy. For this reason, it is wise to seek the services of a reputable bankruptcy attorney in the unfortunate event that you need to file for bankruptcy. With your lawyer's help, you'll be able to navigate through the right chapters.
