Buying a car before filing for bankruptcy might be a good idea. However, as with all financial decisions that you are confronted with before or during the bankruptcy process you should discuss this with your attorney before committing to a purchase. Advantages of Car Purchase While it is possible to purchase a new or used
NY Bankruptcy and Tax Blog, Information, and Resources
When you are overwhelmed by debt, it can feel like you don’t have many choices. Continuing to pay interest only on your bills that never seem to go down can make you financially and emotionally weary. It is possible that bankruptcy has crossed your mind, but perhaps you aren’t sure how you feel about it.
Question: When is a tax return not a tax return? Answer: When it is filed late and you have filed for or are thinking about filing for bankruptcy. Chapter 7 Bankruptcy and Income Tax Debt Why is this information important to someone who is filing for bankruptcy? Folks filing for bankruptcy who turn to Chapter
Fraud is an intentional deception or misrepresentation made for personal gain or so that another will act on the deception to his or her legal detriment. Fraud is a dishonesty used to gain a calculated advantage. Fraudulent behavior is illegal regardless of what type of fraud is committed. Tax fraud is a serious allegation because
The means test was created to prevent debtors from abusing the bankruptcy system. Although bankruptcy is a public right, the legislature does not want people filing for bankruptcy that truly does not need to. Bankruptcy is meant to give a fresh start to those who cannot and will not be able to pay their debts,