What To Say to Creditors While You Are in A Debt Settlement Program
If you are facing financial hardship, it is important for you to understand how to communicate with your creditors or debt collectors while you are in a debt settlement program. If you are enrolled in a debt settlement program, you must know how a debt settlement program works. During the program, you voluntarily will agree […]
The Challenges of Bankruptcy with Your Taxes
HOW BANKRUPTCY MAY IMPACT YOUR TAX SITUATION? Filing for bankruptcy may have an impact on your taxable income. However, the extent of that impact will depend on your personal circumstances and the type of bankruptcy you file for. It is important to understand that bankruptcy may result in unanticipated adverse tax consequences and expose a […]
Tax Implications During a Debt Settlement Program or Bankruptcy
Deb settlement programs and bankruptcy may have significant implications for your tax situation. HOW MAY A DEBT SETTLEMENT PROGRAM IMPACT YOUR TAXES? A debt settlement program can get a debtor out of debt fast and save them tens of thousands of dollars, but there are a couple of minor downsides, such as potential tax liability. […]