Myth: #5: You can only file bankruptcy once. Not true! If you’ve filed bankruptcy before and need to file again, don’t despair. Bankruptcy can often happens more than once. Why? Because the main causes of bankruptcy—divorce, health bills and job loss—happen over and over again, too. More than 50% of marriages end in divorce Unemployment [...]
The IRS filing deadline has been extended for your tax returns. This changes the date from April 15 to July 15, 2020. Remember, if you cannot file by the extended date, the IRS does offer extensions. Contact the IRS if you need an extension. The extension will also apply to tax payments, and you will [...]
Myth #4: You should try credit counseling before even considering filing bankruptcy. You should first understand how credit counseling works. Credit counselors work to help credit card companies collect their money from you. It is important to know that they are not your friends and are not on your side. Credit counselors may be very [...]
Do you have unpaid tax debt? If so, you are at risk of having the IRS place a levy. The IRS is unlike any other debt collector. The IRS has the power to take money without filing a lawsuit. However, you will receive ample notice before the IRS takes anything from you. What is an [...]
Debt problems cannot be quarantined. You should know that the Bankruptcy Court is still active and completing cases. This means that you have options if your business has been affected by COVID 19! Want to Hear More? Call Our Office Today! At the Law Office of Daniela Romero, we believe in relationships that are based [...]
The Myth: You need to be unemployed to file bankruptcy Not true! People who are unemployed, employed, self-employed and even “rich” file bankruptcy every day. What matters is your ability to meet your financial obligations (i.e., debt payments) or not. Is Bankruptcy Right for You? Call us today to set up a free consultation. Our [...]
If you have IRS debt, you may not know how the IRS differs from other debt collectors. The IRS is not like other debt collectors! What You Need to Know About the IRS They have the power to file lawsuits, garnish your wages, levy your bank accounts, or even put a lien on your home. [...]
The Myth: Assets like a car or home will be lost in bankruptcy. Not true! Actually, bankruptcy can help you keep your house and car. It can also stop foreclosure and prevent repossession of your car by a bank. Also, it can even get your car back if it has been repossessed. Did you know [...]
If you have found that you are unable to keep up with your car payments, you are not alone. In fact, statistics show that 7 million Americans are one to three months behind on their car payments. So, What Happens When You Can't Pay On Time? Well, this will largely depend on your loan documents [...]
Bankruptcy is hard to file because of the new laws that have been passed Bankruptcy laws have changed to remove the abuses that were sometimes done in the past. However, for a person seeking relief, bankruptcy is easy to file when you meet the legal criteria. In fact, more than a million bankruptcies are being [...]
