What is bankruptcy? Kelly helps to break down and define bankruptcy: a legal process for obtaining debt relief for those unable to repay obligations. A
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Taxes From A To Z (2018): V Is For Voluntary Bankruptcy
It’s Taxes from A to Z (2018). V is for voluntary bankruptcy.
Read MoreTaxes From A To Z (2017): C Is For Canceled Debt
It’s Taxes from A to Z. Today: C is for canceled debt.
Read MoreDid One Man’s Greed Drive Detroit Into Bankruptcy?
Detroit became the largest city in the United States to declare bankruptcy. Was it bad luck, bad management or something more? The story of Kwame Kilpatrick’s fall from political grace might offer some insight.
Read More‘Real Housewives’ Stars Indicted On Bankruptcy, Fraud, And Tax Charges
Two of the stars of the Bravo television show “The Real Housewives of New Jersey” were charged today in a conspiracy to defraud lenders as well as allegedly hiding assets and income during a bankruptcy case. Teresa and Giuseppe Giudice were charged with 39 counts of various fraud charges; Giuseppe has been charged with tax evasion, as well.
Read MoreMichael Vick Making A Financial Comeback
Michael Vick’s troubled days may be over (if you don’t count his turnover problems this season) but he’s apparently still fodder for the tabloids. The
Read MoreFrom L.A. Dodgers To Alleged Tax Dodgers: The McCourt Saga Continues
It’s got to be hard to be a Dodgers fan these days. All-Star center fielder Matt Kemp just came off the DL only to find
Read MoreLegal Meltdown: Was Dewey Too Big To Fail?
Guaranteed $5 million pay packages with no strings. Borrowing from a number of banks to stay afloat. Lavish corporate offices. Unchecked spending. Questionable financials. Another
Read MoreTaxes From A To Z: I Is For Insolvency
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
Read MoreBye Bye Bye
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
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