Posts tagged as:

bankruptcy

Taxes from A to Z: I is for Insolvency

11 March 2011

I remember the first phone call that I received about insolvency exceptions. A taxpayer called to ask me how to protect his daughter who had just been foreclosed upon – she was told to expect a tax bill as a result of the foreclosure. I remember thinking, “Wow, foreclosure? But how?” These were not folks [...]

6 comments Read the full article →

Bankruptcy and Tax Deductions

9 November 2009

I get a number of bankruptcy-related questions submitted via ask the taxgirl. That’s why I was intrigued when I was asked to write a piece on Wallet Pop about how Chapter 13 payments affect your taxes. You can check out what I had to say here: Wage earner’s bankruptcy doesn’t kill all tax deductions. If [...]

2 comments Read the full article →

Bye Bye Bye

8 September 2007

[youtube=http://www.youtube.com/watch?v=dNO6vp4V8L4] The band ‘N Sync isn’t the only one singing, “Bye Bye Bye” these days. Former Backstreet Boys and ‘N Sync manager Lou Pearlman will find out how hard it is to say goodbye to his lakefront Orlando home ($7.1 million) and an Atlantic City, New Jersey condominium ($335,000). A bankruptcy judge has approved the [...]

0 comments Read the full article →

In Your Debt.

23 September 2006

As more and more Americans find themselves increasingly in debt; many seek alternative methods of reducing debt loads such as negotiating with their creditors.  Often, in such negotiations, creditors agree to reduce the amount of debt owed.  Terrific, right? Don’t spend that extra cash just yet. Companies which reduce debt loans in a non-bankruptcy discharge [...]

0 comments Read the full article →