I’ve been practicing bankruptcy law for a while now, and I’ve been surprised at how many very good bankruptcy lawyers either give bad tax advice or incomplete tax advice.  I’m also surprised at how many of these good lawyers send clients out the door, because the client has a tax issue that can’t be solved in bankruptcy.

Well-known vacuum company Oreck filed for Chapter 11 bankruptcy after decreasing vacuum sales.  The company will continue operations during the filing, while in the process of restructuring in hopes of acquiring a buyer.  Oreck is known for producing upright vacuums and cleaning products through online and direct phone sales, as well as through their Oreck [...]

Debt isn’t always bad, but be careful about taking on too much… It gets a bad rap, but debt is not necessarily always a bad thing. In the business world, Fortune 500 companies sell off debt in the form of bonds to raise capital and expand operations. They create jobs in the process. In the [...]The post Do you have too much debt to handle?

The last thing consumers in the Seattle and Tacoma, Washington metro areas need are layoffs of any kind. Even if they don’t directly effect you, a friend or a family member, the loss of jobs means less money for Seattle and Tacoma area businesses. This is why the news that Boeing will be terminating 1,500 information-technology positions in the Puget Sound region over the next three years is a bitter pill for Seattle and Tacoma area consumers to swallow.

In bankruptcy, you’re faced with a laundry list of duties. Ignore them at your peril.
Making the decision to file for bankruptcy isn’t easy.
You’re poring over options, looking to solve your problem in the best way for you.

By ANNIE LOWREY The anemic economy has left millions of younger working Americans struggling to get ahead.

Depending on state law regulations, a motorist may have their driver’s license suspended if they have an outstanding debt related to a civil judgment.   For instance, back child support payments or lack of insurance are common reasons why someone may have their license put under suspension.  While it is true a suspension is a consequence, [...]

When facing debt problems, dispel uncertainty to get a better solution.
We love certainty in our lives. That’s why we drive the same route to work each morning, set our alarm clocks for the same time, and eat a narrow range of familiar foods.

Chicago area drivers who tried to avoid paying impound fees for their vehicles allegedly participated in a bazaar scheme that included filing false bankruptcy petitions.  Local and state investigators found a significant number of “pro-se” bankruptcy filings (individuals who filed without an attorney) after the U.S.

For many Oregon and Washington families Chapter 13 Bankruptcy represents an opportunity to finally resolve past due tax obligations. The opportunity eliminate older tax debt altogether and pay back the remaining balance at zero percent interest over a three to five year period with no penalties and often at the expense of other creditors is a fine thing indeed. But you have to get the returns filed.