Can you buy a home after bankruptcy?
There are pros and cons of filing for bankruptcy. There are also many myths that get in the way of making the right decision. One of the top myths is that you cannot purchase a home after bankruptcy. If you…
Yes, you can keep your house in Chapter 13 bankruptcy
Despite the many benefits of Chapter 13 bankruptcy, some people shy away from this because they have yet to separate “fact from fiction.” It is a common misconception that you will lose your house if you file for Chapter 13…
Refinancing a mortgage after bankruptcy
There are many benefits of bankruptcy. There are also some reasons why you may want to avoid this process for the time being. If you decide to move forward, it’s common to have concerns about your future finances. For example,…
FAQs about IRS crackdown on foreign account holders
The Internal Revenue Service (IRS) is holding foreign financial account holders responsible for not reporting their accounts. Those who need to report accounts are encouraged to do so proactively. A failure to properly report can lead to both civil and…
What happens if you don’t files or pay your taxes?
People neglect to file tax returns for a number of reasons, including but not limited to a lack of money or time, anti-government feelings, medical issues, and business problems. While you may have a very good reason for not filing,…
Bulk of U.S. debt being carried by older Americans
According to a 2015 report by the Pew Charitable Trusts, a whopping 80 percent of Americans are living in debt. Data provided by the New York Federal Consumer Credit Panel provides more insight into the types of debt that Americans…
Should you file for bankruptcy?
Millions of Americans are in debt. In fact, according to a 2015 report by the Pew Research Center, 89 percent of individuals ages 36 to 51 and 86 percent of individuals ages 20 to 35 are in debt. From a…
An alarming number of Americans struggle with medical debt
There’s a saying related to the belief that if you don’t have your health, you don’t have anything. This saying is likely to resonate with anyone who has ever experienced a health emergency or is struggling to deal with and…
Hope for individuals trapped in a cycle of debt
A job loss, health emergency or unexpected car repair can result quickly result in an individual accruing thousands of dollars in debt. For the millions of Americans who struggle each month to pay the bills, it’s easy to become overwhelmed…
The odds of an IRS tax audit, according to income
Filing taxes can be stressful, particularly for small business owners and self-employed individuals. Yet nothing compares to the anxiety and hassle often induced from an IRS audit. Fortunately, the IRS audits relatively few taxpayers. Your particular odds of getting audited…
