Chapter 13 bankruptcy is one of the most common kinds filed by private individuals. In this bankruptcy plan, the debtor is obligated to pay back some of their debts over the course of 3-5 years, based on a structured payment plan approved by a bankruptcy court. Exemptions are extremely important to the Chapter 13 process, […]

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I was at a dinner party last weekend; while listening to other attendees discuss, banter and debate, I got to wondering “Is kindness ever a bad thing?”

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Hiring a good chapter 7 bankruptcy  attorney in Montgomery County will make the process simpler and less stressful. When filing for bankruptcy, you have to fill out a schedule detailing your assets. Many of these assets will be exempt, but those that are non-exempt must be included in your total assets.  These are used in […]

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Ben Franklin was in Paris in 1793.  He watched the first manned balloon flight lift off into the sky above carrying two men; this was the first time in human history that man left the earth’s surface under his own power.  A skeptical woman said to him, “Is interesting Doctor but it has no use.”  […]

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Seniors on fixed incomes often find themselves facing debt troubles.  They may have been accustomed to a certain standard of living with great career incomes that they realized too late they would be unable to maintain, or they may have faced personal expenses that they were unprepared for. Whatever the reason, once seniors’ debts exceed […]

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Have you received an IRS 1099-C Canceled Debt statement?  Does the 1099-C show a creditor has canceled your debt in 2015?  The creditor reported this to the IRS but that does not necessarily mean  you must report this on your federal income tax return.  Not all 1099-C is reportable income.  You need guidance and advice.

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Driving on a suspended or revoked license in Pennsylvania can have undesirable consequences, such as thousands of dollars in fines and/or jail time. If you find yourself facing a suspended or revoked license, contacting a criminal defense attorney in Philadelphia can help reduce the potentially life changing consequences.

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Many, many people have received IRS 1099-C, Cancellation of Debt.  This document looks similar to a 1099-Div or a 1098 interest paid.  Don’t be confused! Adding that debt to your income tax form could result in a hefty tax bite for you to pay.  You must be careful!  Just because the bank issued it to […]

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The United States Court system announced on Thursday that bankruptcy filings for the year calendar 2015 are down 10% from 2014.  This marks the 5th straight year of decline of bankruptcy filings.  In 2015 there were a total of 844,495 bankruptcy filings; this includes individuals, families, corporations and farmers.  At the height of the Great […]

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An Ocwen Loan Servicing representative just called me about a  client of mine who has recently filed a chapter 13.  You need to know that having conversations with these people are very difficult.  They are cagey people who parse their words.  It appears to me they intentionally make statements which can be easily be misinterpreted, […]

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