Each one of these things can have serious consequences depending on the plan we develop for dealing with your debt, so: 1. Don’t borrow any more money. Don’t take out a second mortgage. 2. Don’t take money out of your retirement, 401k, or IRA. 3. Stop using your credit cards.…
In a Chapter 7 and Chapter 13, as long as four basic criteria are met, both state and federal income taxes can be discharged. The tax return due date was at least 3 years before filing bankruptcy. The filing of the tax return must have been done at least 2…
If you are a self-employed worker you will receive a 1099 for your wages instead of a W-2 form. But there is another type of 1099 that you may receive from one of your creditors. This is form 1099C. A 1099C form is used when all or a portion of…