Start 2013 Debt Free – File Bankruptcy

Bankruptcy attorneys get very busy this time of year as people try to get their personal finances in shape. The New Year is a happy occasion for most people, and it also is a great time to take stock of your overall economic picture. With all the recent news about debt and the “fiscal cliff” […]

Chapter 13 for Small-Medium Sized Bankruptcy

Individuals and married couples who are owners of small to medium-sized businesses in New York City have a special option available for small business bankruptcy that can help save their businesses or assets. Chapter 13 Bankruptcy is available to those who have assets and income and who want to try to salvage their business or […]

Offshore Bank Account Rules

In an effort to avoid tax obligations, people were opening bank accounts abroad so the Internal Revenue Service could not track or tax the taxpayer’s true income.  Under U.S. tax law, U.S. citizens and permanent residents are required to report any income from foreign bank accounts. The fact that the income is not reported to […]

IRS Will Allow Late Tax Filing For Sandy Victims

Hurricane Sandy recently impacted the country, but the bulk of the damage was done in New York, New Jersey, and Connecticut.  In times of tragedy, the last thing anyone wants to worry about or should have to worry about is taxes. However, the IRS has strict deadlines, many of which are coming up in the […]

Do You Need a Bankruptcy Lawyer?

Since debtors facing bankruptcy are experiencing financial hardship, the last thing the debtor wants to do is have to pay exorbitant legal fees to an attorney to file his or her bankruptcy case. Thus, debtors often ask whether they need an attorney to file a bankruptcy case for them.  The answer is no.  As with […]