Anyone taking on the endeavor of starting a business knows that there are many details to consider. In addition to needing a good idea and resources to turn the idea into something tangible, it is also necessary to decide which type of business structure could best...
What Happens When You Declare Bankruptcy?
A common question that we get asked all of the time is “What happens when you declare bankruptcy?” When a person or spouse files for bankruptcy, the first thing that happens is a notice goes out to all of the creditors. The notice notifies the creditors that the...
How Long Does Bankruptcy Stay on Your Credit Report?
A chapter 7 bankruptcy will stay on your credit report for 10 years and a chapter 13 bankruptcy will stay on your credit report for 7 years. Even though bankruptcy can stay on your report for up to 10 years, the effects on your credit can and will diminish over...
Mother facing criminal charges after creating deepfake photos
Parents often say that they would do anything for their children. Of course, most draw a line at certain points before a situation gets out of hand. Unfortunately, some parents may think that they are carrying out actions to help or protect their children, but those...
When getting a divorce, check for these 4 assets
Whether ending your marriage was what you wanted or not, you now face the legal proceedings associated with divorce. If you have never gone through this process before, you likely have a lot on your mind in terms of how to get what you want. Because both you and your...
What is Chapter 7, Chapter 11 and Chapter 13 bankruptcy and what is the difference between them?
Chapter 7 bankruptcy is generally what people think of when they hear bankruptcy. In Chapter 7 a debtor is able to discharge their unsecured debts without having to make payments on their debts. Unsecured debts are medical bills, credit cards, personal loans, and...
Can I Sell My House With a Tax Lien? Who Gets to Claim the Child on Taxes With 50/50 Custody?
To finish our FAQ series, we will cover questions that overlap with the firm’s other areas of practice. Can I sell my house with a tax lien? Who gets to claim the child on taxes with 50/50 custody Can I Sell My House With A Tax Lien? There are a few options for...
Estate planning for a blended family can be tricky
When two people who already have children get married, they are typically happy to combine their families. The transition may be rocky at first, and some children may resent a stepparent for a time. Fortunately, over time, blended families tend to get along and love...
3 Common Tax Terms And Procedures Explained
Continuing our FAQ series, we wanted to review some common terms and procedures. How do you file for a tax extension? How do I know what tax bracket I am in? What is a tax credit? How do you file for a tax extension? To have a tax extension, you must file Form 4868....
