Interview with Stephen B. Kass

In March of 2013, one of the most influential bankruptcy attorney referral sites, interviewed Stephen Kass. During the interview, Steve talked about how devastating the economy has been since 2008. He also talked about how the government has made filing for bankruptcy very difficult since Congress passed a means test for filing a petition […]

Offer in Compromise Can Relieve Your Tax Burden

An Offer in Compromise (OIC) is an agreement between the Internal Revenue Service (IRS) and a taxpayer that reconciles the taxpayer’s tax debt for less than what was originally owed. OIC’s may be the best option for taxpayers who are facing insurmountable tax debt and are unable to arrange a workable payment plan. An OIC […]

Criminal vs. Civil Tax Penalties

Most tax liability is civil not criminal.  Failure to pay taxes can result in various actions including wage garnishment and bank restraints.  However, there are some tax liabilities that will land the taxpayer in criminal court. The most common tax crimes are tax fraud and tax evasion.  Tax evasion occurs when individuals, corporations, trusts and […]

Bankruptcy Law Prohibits Discrimination

The Bankruptcy Code includes anti-discrimination sections prohibiting discrimination against a debtor who files for bankruptcy.  The Bankruptcy Code was enacted to help the honest debtor in need of a fresh start. The Code would not be able to provide the fresh start to debtors if filing for bankruptcy would cause debtors to be discriminated against.  […]

Wage Garnishment and Bank Account Restraints

If a creditor is successful in suing a debtor and obtains a judgment against the debtor, the creditor has options to collect the money owed to them on the judgment.  Two common methods of collection are wage garnishment and bank account restraints. Wage garnishment occurs when an employer is required to withhold the earnings of […]