If you have unpaid tax debt, you are at risk of having the IRS place a levy. You should know that dealing with IRS tax debt is not the same as dealing with any other type of debt collector. The IRS has the power to recoup money without filing a lawsuit. Before an IRS tax [...]
When you have debt, especially a large amount, it can be tempting to use your retirement funds to pay off your unsecured creditors. However, this is a bad strategy. Did you know that creditors cannot touch your retirement funds? Can Your Retirement Be Garnished? Unsecured creditors cannot take your Federal benefit payments. In fact, when [...]
When considering filing for bankruptcy, you should take time to do research and weigh your options. So, you may be asking yourself if it is easier to take a DIY approach to bankruptcy and file on your own. Before making any decisions, you will want to read more: Problems With Filing On Your Own It [...]
If you are considering filing for bankruptcy, you may be wondering under which chapter you should file. Before you make any decisions, you should take time to meet with a qualified bankruptcy attorney to go over the options that will work best for you. However, that is not to say that you should not take [...]
Although you may file taxes together, you do not have to file bankruptcy together. You have the option to file a separate or joint bankruptcy petition. This will depend on the types of debt you have as well as your goals after bankruptcy. Need More Information? At the Law Office of Daniela Romero, we believe [...]
Are being sued by a credit card debt? If so, what do you do? 1. Do Not Ignore a Summons & Complaint If a lawsuit has been filed against you for a debt, you need to respond. This is a serious matter. If you do nothing, you run the risk of receiving wage garnishment, lien, [...]
If you are considering bankruptcy, you probably have a lot of questions. That's okay! Here are some common questions about bankruptcy that we are asked: How Will Bankruptcy Affect My Credit? If you are considering bankruptcy, there is a pretty good chance that your credit is already bad. While a bankruptcy will stay on your [...]
You may be wondering if filing for bankruptcy will prevent you from buying a home in the future. Would it surprise you to know that filing for bankruptcy can increase your credit score? It's true. Most people find themselves in a better position to make large purchases like a house after their bankruptcy. How Does It [...]
If you are wondering if bankruptcy is right for you, you will want to ask yourself a simple question: Am I able to pay down my credit card debt and stop using them all today? If you are struggling to make your monthly minimums, the answer is most likely no. Does this sound like you? [...]
Are you wondering if your credit score is important? If so, you probably want to know how it can help or hurt you. But first, what is a credit score? A credit score is a number that shows how likely you are to repay your debts. A credit report shows the factors that led to [...]
