Tax Liens and Bankruptcy: What You Need to Know
While bankruptcy can wipe out your personal obligation to pay certain older tax debt, the lien remains attached to your assets until the debt is satisfied. Understanding Tax Liens and How They Work A tax lien is a legal claim by a government entity, such as the IRS or...
Can You File Bankruptcy and Keep Your Tax Refund?
Can You File Bankruptcy and Keep Your Tax Refund? It is absolutely possible to file bankruptcy and protect your tax refund! There are laws called exemptions that protect certain property that you own up to a certain amount. There are actually exemptions specifically...
Does Bankruptcy Clear Tax Debt?
Understanding Tax Debt and Bankruptcy Options Key Challenges and Concerns with Tax Debt Taxes are difficult to navigate, and each year tax season brings stress to countless households across the United States. When you owe money on your taxes, it can feel like an...
Can You File Bankruptcy on Student Loans?
The United States Supreme Court ruled against President Joe Biden’s attempts to instate federal student loan forgiveness on June 30, 2023. Many college graduates spent months hoping for relief from their debt. However, following the Supreme Court ruling there...
How Will Debt Consolidation Programs Impact Your Credit Score?
What happens when you enter into a debt consolidation program? Debt consolidation companies often promise to consolidate your debts and negotiate settlements with your creditors. These companies frequently advise people to stop paying their debts and to make monthly...