Archive for the ‘Chapter 13’ Category
Bankruptcy and the National Football League collide again. This time it is Warren Sapp, who reportedly owes over 6.7 million dollars to his creditors. Read more about the details here.
Even if you aren’t in as much debt as Mr. Sapp, dealing with aggressive creditors can be stressful and overwhelming. If you need advice about what to do, call Miller and Miller today. We have been helping people in Wisconsin get a fresh start since 1993 and with offices conveniently located in Kenosha, Milwaukee, and Germantown, we are a short trip away no matter where in Southeastern Wisconsin you are.
With April 15th only a few days away, many people are working hard to come up with the money to pay the Government. For those who are self employed, estimated tax liability payments are due every quarter starting April 15th. The IRS will allow you to pay your tax debt with a credit card, but you can expect to pay a 2% “convenience fee”.
If charging tax liability please be aware that the Bankruptcy Code specifically disallows that part of your credit card debt to be discharged in a bankruptcy case, unless the tax you are paying is dischargeable as well.
If you have questions about tax liability and credit card debt please call Attorney Miller at 414-277-7742. Our office is accessible in Milwaukee, Racine, Ken0sha, Germantown, West Bend, Ozaukee, Brookfield and all surrounding Milwaukee Metro Areas.
Join us for an information-packed webinar with bankruptcy attorney Jamie Miller. This workshop will offer you expert guidance on the different bankruptcy options; as well as the benefits that bankruptcy can offer you to help you take control of your financial life. It is time to get the fresh financial start you deserve. Go to MillerMillerlaw.com and click on the “Registration Now” star to sign up.
Join us April 17th @ 10am for this great Webinar. Register today!
Many clients ask: Why do I have to take a credit counseling class? The simple answer is: the Bankruptcy Code requires it.
You may have paid your lawyer all of the fees required, you may have provided your lawyer with all the information necessary for a petition to be properly prepared, your petition may have been prepared, you may have signed it….but if you have not taken the pre-filing credit counseling session and provided a certificate of completion to your attorney, your petition cannot be filed. Many clients are fearful of the credit counseling: What will they ask? I don’t know what to say? What if I don’t pass? How much does it cost?
The credit counseling itself is extremely simple; you cannot fail. You will be asked about income and living expenses; estimated answers are fine. The counseling can be done on the Internet, or by telephone. You must use an approved agency. The Resource page of our website www.milwaukeebankruptcy.com has a list from which you can choose.
The credit counseling is not expensive at all. There are some that are extremely inexpensive.
Keep in mind that in order to receive your Court-Ordered Discharge, which finalizes your bankruptcy, there is a second class that you must take called a Financial Management Class. Again, this can be done on the Internet or by telephone.
If you have any questions about the credit counseling classes please contact our Milwaukee, Germantown or Kenosha office of Miller & Miller Law.
1099-C In the Mail? How to Avoid Taxes on Cancelled Debt (via Credit.com)
If it’s been a rough couple of years for you, you’re not alone. Maybe your income was cut, you lost your job, or you had large expenses like medical bills. You may have fallen behind on bills, fielded collection calls and managed to settle some of your debts for less than the full balance you owed…