I am often asked if anything can be done about taxes in bankruptcy. The encouraging news is yes there can, provided of course, the debtor can meet at least four (4) criteria. They are: The outstanding taxes must be at
viLast month, clothing company Aeropostale Inc. became the most recent retailer to file a Chapter 11 bankruptcy. Aeropostale operates 739 stores in 50 states and Puerto Rico and also has 41 stores in Canada. Aeropostale’s bankruptcy comes on the heels
Rebuilding credit after bankruptcy is best accomplished by establishing new unsecured credit and maintaining a good payment history. I get asked all the time by clients, usually after a case is discharged, to reaffirm their mortgage. Professionally I do not
It can be a difficult process to decide whether to file a bankruptcy. A bankruptcy could positively affect your quality of life by discharging certain debts and providing you with a fresh start. Here is a list of pros and
by Preston Gardner and James McGuire The spike in real estate values has been a hopeful sign of an improving economy over the past year. For those considering bankruptcy, however, it should be viewed as a warning that certain bankruptcy
Submitted by Attorney Tyler Martin It is a very common occurrence for someone to contemplate filing bankruptcy and ask the question, “What happens to my business?” The answer to that question depends on the business and whether or not a
Submitted by Charles B. Sellers It is a very common occurrence for someone to contemplate filing bankruptcy and ask the question, “What happens to my business?” The answer to that question depends on the business and whether or not a
TEMPE AND MESA ARIZONA DIVORCE AND FAMILY LAW LAWYER DISCUSSES ATTORNEY FEES AND BANKRUPTCY ISSUES Submitted by Attorney Douglas C. Gardner The “American Rule” regarding attorneys’ fees is that generally each party will pay his or her own attorneys fees and
Submitted by Attorney Pernell McGuire In today’s economy more and more small business owners are being forced to seek protection from creditors by filing bankruptcy. In many cases, the small business owner has tax liability for payroll taxes and wants
Submitted by Attorney Charles B. Sellers When a person files personal bankruptcy, they do so with the expectation that many, if not most of the prior debts will be taken care of in that bankruptcy and are no longer a
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