Why You Should File Late Taxes Before Filing Bankruptcy
There is nothing like the inevitability of taxes. Even more so if you are going to file bankruptcy. If you haven’t filed a return for a prior year, you should do so now to avoid the negative...
View ArticleBankruptcies in the News: Actor/Singer – David Cassidy
David Cassidy, probably best known from the 1970’s show The Partridge Family, filed for Chapter 11 bankruptcy this year. According to court documents, he has around $4,000,000.00 in assets, and...
View ArticleUsing Credit Cards Before Filing Bankruptcy May Be Treated as Fraud
If you are thinking about filing for bankruptcy, then you should stop using your available credit cards. Certain purchases and cash advances taken right before filing can be treated as fraudulent, and...
View ArticleDebt “Write Off” and “Charge Off” Does Not Mean What You Think it Means
Have you ever had a debt “charged off” or “written off” on your credit report and assumed that you no longer owe the creditor anything? Well, you would be wrong. But don’t feel bad. These are terms of...
View ArticleSo What Really is a Debt “Write-Off”?
There seems to a lot of confusion about charge offs and write offs. The terms seem to used interchangeably in some circles. Part of the reason for this has to do with the fact that they are basically...
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