Debt

The consequences would be severe and widespread. Millions of people in the United States would lose their Social Security and Medicare entitlements. Only some necessary federal employees would be allowed to work, and the federal government would suspend sending wages to all US military and federal employees. According to a forecast provided by Moody’s Analytics, […]

The debt is either a federal or a state tax debt. Other taxes, such as fraud fines and payroll taxes, are unaffected by bankruptcy. To put it another way, the obligation must be a regular tax payment payable to the state of Wisconsin or the federal government. Will filing bankruptcy stop IRS debt? During your

When you’re in debt, it can feel as if you’ll never be able to do anything financially again – at least until the debt is paid off. That isn’t always the case, though. It is, in fact, possible to purchase a property while in debt. Even if you believe you have too much debt, debt

The debt is either a federal or a state tax debt. Other taxes, such as fraud fines and payroll taxes, are unaffected by bankruptcy. To put it another way, the obligation must be a regular tax payment payable to the state of Wisconsin or the federal government. Will filing bankruptcy stop IRS debt? During your

A: You can take money out of your Roth IRA to pay off debt. However, taking money set aside for retirement is rarely a wise decision. Because you’ve previously paid taxes on the money, IRS laws allow you to withdraw contributions from a Roth IRA without incurring a penalty. Can an IRA be used to

When a consumer leaves Freedom’s debt-relief program, he or she is apparently not notified that they have the right to access the funds in their accounts. “While Freedom’s Debt Resolution Agreement said that customers could withdraw from the program and terminate the contract, it did not state that if they did, they would get all

Student loans, car loans, mortgages, credit cards, and personal loans are all examples of debts that can be paid off using life insurance. If you have any of these debts, your policy should provide you with enough coverage to pay them off completely. To cover your debts, you’ll need at least $204,000 in your policy

When you can’t pay your debt, most creditors go through a similar process to try to persuade you to pay. Selling your debt to a third-party collection agency is one of the tactics at their disposal. When a collection agency buys a debt in full, the debtor is normally notified by phone or in writing

Many clients who have entered into a contract with a debt settlement company come to us looking to file bankruptcy. Many people believe that by signing up with a debt settlement firm, they will be able to get out of debt with little or no affect on their credit score. Many people believe that debt

You are not accountable for the majority of your spouse’s debts accrued prior to marriage if you live in a community property state. The IRS, on the other hand, states that debt incurred after the wedding is automatically shared. Even if your spouse opens a credit card in their name exclusively, you may still be